Nubian Closes Private Placement

Vancouver, November 7 (ots/PRNewswire) -

Nubian Resources Ltd. (the "Company") is pleased to announce that
it has closed its private placement (the "Placement") announced on
November 1, 2011, issuing $130,000 in principal amount of convertible
promissory notes (the "Notes") for gross proceeds of $130,000. For
details regarding the Placement and the Notes, please see the
Company's news release dated November 1, 2011.

The securities issued pursuant to the Placement are subject to a
four month hold period expiring March 4, 2012. No finder's fees were
paid in respect of the Placement.

The Company also reports, on behalf of Markus Janser of Parkmore,
South Africa, a director of the Company, that he acquired (the
"Acquisition") ownership and control of a Note in the principal
amount of $90,000 (the "Acquired Security") pursuant to the
Placement.

Prior to the Acquisition, Mr. Janser held 600,000 common shares
of the Company, or approximately 8.36% of the 7,177,773 common shares
of the Company then outstanding, together with share purchase
warrants to acquire 200,000 common shares of the Company and stock
options to acquire a further 130,000 common shares of the Company.

After the Acquisition, Mr. Janser held 600,000 common shares of
the Company; the Acquired Security; 200,000 share purchase warrants
of the Company; and 130,000 stock options of the Company. After the
Acquisition, the 600,000 common shares of the Company represented
approximately 8.36% of the 7,177,773 common shares of the Company
then outstanding. Assuming the conversion of the Acquired Security
(at a conversion price of $0.18 per share) and the exercise of the
share purchase warrants and stock options, Mr. Janser would then hold
1,430,000 common shares of the Company, or approximately 17.86% of
the 8,007,773 common shares of the Company that would then be
outstanding.

The Acquisition was an issuance of securities from the Company's
treasury. Mr. Janser paid consideration in the amount of $90,000 in
cash for the Acquired Security. The Company has been advised that he
effected the Acquisition for investment purposes, and has no present
intention to acquire further securities of the Company, although he
may in the future participate in financings and/or acquire or dispose
of securities of the Company in the market, privately, or otherwise,
as circumstances or market conditions warrant.

A copy of the early warning report to which this news release
relates may be obtained from:

Nubian Resources Ltd.
#202 - Yale Court Plaza, 2526 Yale Court Rd.
Abbotsford, BC, V2S 8G9
Tel: +1-(604)-859-3007
Fax: +1-(604)-859-3008
Attn: Corporate Secretary

The issuance of this News Release is not an admission that an
entity named in the news release owns or controls any described
securities or is a joint actor with another named entity.

TSX Venture Exchange Disclaimer

Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement Disclaimer

This News Release may include forward looking statements.
Statements in this News Release which are not historical facts are
forward looking statements. Statements concerning the Company's
plans, intentions, expectations, forecasts and estimates are intended
to be and are hereby identified as forward looking statements.

Forward-looking statements may be identified by words including
"plans", "intends", "expects", "forecasts", "estimates",
"anticipates", "believes" and similar expressions. The Company
cautions readers that forward-looking statements, including without
limitation those relating to the Company's future plans, operations
and business prospects, are based on assumptions, none of which can
be assured, andare subject to certain risks and uncertainties that
could cause actual events, developments and results to differ
materially from those indicated in the forward-looking statements.
There can be no assurances that forward looking statements will prove
to be accurate, and readers should not place undue reliance on
forward-looking statements.

For further information:
Jeannette Durand
Office: +1-(604)-859-3007
jeannette@nubianr.com
Web Page: http://www.nubianr.com

ots Originaltext: Nubian Resources Inc.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
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