Canadian Gold Producer Osisko Mining Corporation Joins Global Geoscience to Explore Gold Projects in Nevada, Including Nubian's Excelsior Springs Gold Project

Vancouver, British Columbia (ots/PRNewswire) -

Nubian Resources Ltd. is pleased to announce that Global
Geoscience Ltd (Global) and Osisko Mining Corporation (Osisko) have
entered into a binding letter agreement covering Global's five gold
projects in Nevada. Under the agreement and to earn a 45% interest,
Osisko must fund all acquisition and exploration related expenditures
on Global's five Nevada projects up to a cumulative total of US$8M
over a maximum period of 4 years, which includes Nubian's Excelsior
Springs Gold project. If Osisko then elects to increase its interest
in Global's share of any project to 70% it will have the sole
responsibility to fund the project through to completion of a
bankable feasibility study and in doing so shall receive an interest
of 70% of Global's 70% interest in Excelsior. Nubian had reviewed the
agreement between Global and Osisko and withdraw from its Right of
First Refusal in favour of Osisko. Nubian will maintain a Right of
First Refusal regarding any future development at Excelsior. For more
details regarding the agreement please refer to Global's news release
at

http://www.globalgeo.com.au/media/announcements/2012/120214a.pdf

About Excelsior Springs

Nubian owns 100% of Excelsior Springs in Nevada covering 142
mining claims. Global holds an option to acquire a 70% interest in
Excelsior by spending US$3 million over four years. In its first
drill program at Excelsior in 2011, Global intersected significant
gold mineralisation in shallow, wide spaced drilling over a strike
length of 2.2 kilometres.

About Osisko Mining Corporation

Osisko Mining Corporation is an emerging North American gold
production company with a market capitalisation of over C$4.5
billion. Osisko owns and operates the largest open pit gold mine in
Canada, the Canadian Malartic mine in Quebec, which it took from
first drill hole to commercial production in six years. Forecasted
gold production for 2012 is between 610 and 670 thousand ounces.
Osisko is a pure gold company and is an active investor in greenfield
exploration projects and opportunities.

About Global Geoscience

Global Geoscience is an Australian greenfield exploration company
targeting gold, copper and silver on its mostly 100% owned projects
in Nevada, Arizona and Peru. In 2011 Nubian entered into an agreement
with Global Geoscience regarding its Excelsior Spring Project in
Nevada. The Company successfully drilled 3,000m at Excelsior and it
intends to follow-up with an additional drill programs in 2012.

About Nubian Resources

Nubian Resources Ltd is a Canadian Junior Exploration company
with interests in the USA and Africa. Effective 1st November 2011
Nubian acquired a portfolio of 9 properties situated in Nevada,
Montana, New Mexico and Arizona, targeting gold, silver and copper.
Part of the portfolio was Excelsior Springs, which Nubian previously
leased. In 2012 the company plans to enhance the value of its
property portfolio by conducting initial exploration on its property
portfolio. The company has 7.2 M shares outstanding and working
capital and receivables of 1 M USD.

"Global Geoscience Ltd has secured accelerated funding for a
second stage of exploration at Excelsior Springs through an agreement
with Osisko Mining Corporation, a successful Canadian gold mine
developer. This is promising news for the future of Nubian's 30%
interest in the project," said Chief Executive Larry Treadgold.

"Larry Treadgold"
Larry Treadgold
CEO Nubian Resources Ltd

This release includes certain statements that are
"forward-looking statements". All statements in this release, other
than statements of historical facts that address future exploration,
development and production activities, and other circumstances,
events and developments that the Company expects, are forward-looking
statements. Although management believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance, and actual results, events and developments may differ
materially from those in the forward-looking statements. The
occurrence of certain risk factors, the probability of which is
unknown, may also affect actual results, events and developments
expected by the Company.

Neither the 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.

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

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