Niblack Mineral Development Inc. Announces Private Placement

Niblack Mineral Development Inc. ("Niblack" or the "Company") (TSX VENTURE:NIB)
is pleased to announce a non-brokered private placement offering (the
"Offering") for gross proceeds of $475,000, comprised of 2,500,000 common shares
(the "Common Shares") of the Company at a price of $0.19 per Common Share, which
is scheduled to close on or about December 30, 2011 (the "Closing"). Niblack
retained PI Financial Corp. (the "Agent") to help affect sales of the Common
Shares and the Agent will be paid a commission of 10% of the gross proceeds
realized on the Common Shares sold by the Agent. Closing of the Offering is
subject to the receipt of all applicable regulatory approvals, including final
approval of the TSX Venture Exchange. The Common Shares will be subject to a
resale restriction for a period of four months plus one day from Closing. 


The proceeds of the Offering will be used for general working capital for the
Niblack Project in South East Alaska and to close the arrangement involving
Heatherdale Resources Ltd. previously announced on October 26, 2011.


THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN
OFFER TO BUY ANY SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN
AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE "U.S. SECURITIES ACT") OR ANY STATES SECURITIES LAWS AND MAY NOT BE
OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED
UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN
EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. 


About Niblack Mineral Development Inc.

Niblack Mineral Development Inc. (TSX VENTURE:NIB) is an exploration and
development company with a number of mineral rich assets in South East Alaska.
The Company's principal asset is its interest in the advanced stage
copper-gold-zinc-silver Niblack Project. This project is currently in a joint
venture operated by Heatherdale Resources Ltd.


Niblack Mineral Development Inc. is a member of the Discovery Group of
companies. For more information on the group visit www.discoveryexp.com. 


On behalf of the Board of Directors

John Williamson, President & CEO of Niblack

This news release may contain forward - looking information including but not
limited to comments regarding the timing and content of upcoming financings.
Forward - looking information includes disclosure regarding possible future
events, or conditions or results of operations that is based on assumptions
about future economic conditions and courses of action, and therefore, involves
inherent risks and uncertainties. Although management has a reasonable basis for
the conclusions drawn, actual results may differ materially from those currently
anticipated in such statements. For more information on the Company, investors
should review the Company's continuous disclosure filings that are available at
www.sedar.com.