Alexander Nubia International Inc. Announces Overnight-Marketed Common Share Offering

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Alexander Nubia International Inc. (the "Company") (TSX VENTURE:AAN) today
announced that it has filed a short form preliminary prospectus (the
"Prospectus") in connection with an overnight-marketed public offering of common
shares of the Company (the "Common Shares") in all of the provinces of Canada
other than Quebec. The final size, pricing and other terms of the offering, will
be determined in the context of the market at the time of entering into an
underwriting agreement, after completion of marketing activities and is subject
to prevailing market conditions. The offering is being conducted through a
syndicate led by Wellington West Capital Markets Inc., and including Cormark
Securities Inc. and Industrial Alliance Securities Inc. (the "Underwriters").


The Company will also grant the Underwriters an over-allotment option to
purchase additional Common Shares in an amount equal to up to 15% of the number
of Common Shares sold pursuant to the offering, exercisable in whole or in part
for a period of 30 days from and including the closing of the offering.


The Company intends to use the net proceeds from the offering to expand its
drilling and exploration programs and for general corporate purposes. A copy of
the Prospectus has been filed on SEDAR.


The offering is subject to certain customary conditions and regulatory
approvals, including the approval of the TSX Venture Exchange, and the entering
into by the Company and the Underwriters of an underwriting agreement.


About Alexander Nubia International Inc.:

The Company is a mineral exploration company whose mission is to explore for
precious and base metal by implementing technical expertise of developed
mineral-exploration jurisdictions, such as that of Canada, in resource-rich
Africa. Initially, the Company established Egypt as its platform country,
focusing on the under-developed Nubian Shield in the Eastern Desert, where
historic mining of gold and copper dates back to Pharaonic times. The Company
controls the Abu Marawat Concession, which covers an area of 1027 km2 in the
Eastern Desert. The concession contains the main Abu Marawat, Semna (auriferous
quartz veins), and Hamama (VMS) properties and other gold and base-metal
exploration targets.


For more information on the Company please visit our web site at
www.alexandernubia.com.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities referred to herein in the United States or in
any jurisdiction where such offer or sale would be unlawful. The securities
referred to herein 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
state securities laws and may not be offered or sold within the United States or
to or for the account or benefit of a "U.S. person" (as defined in Regulation S
under the U.S. Securities Act) absent registration or an applicable exemption
from the registration requirements of the U.S. Securities Act. No public
offering of securities is being made in the United States.


Nothing in this announcement constitutes an offer of securities for sale in any
jurisdiction where it is unlawful to do so.


Cautionary Notes

Certain statements contained in this press release, the Prospectus and documents
incorporated by reference in the Prospectus constitute "forward-looking
statements". All statements other than statements of historical fact contained
in this press release, the Prospectus and documents incorporated by reference in
the Prospectus, including, without limitation, those regarding the Company's use
of proceeds from the offering, going concern assumption of the Company, future
financial position and results of operations, strategy, plans, objectives, goals
and targets, future developments in the markets where the Company participates
or is seeking to participate, and any statements preceded by, followed by or
that include the words "believe", "expect", "aim", "intend", "plan", "continue",
"will", "may", "would", "anticipate", "estimate", "forecast", "predict",
"project", "seek", "should" or similar expressions or the negative thereof, are
forward-looking statements. These statements are not historical facts but
instead represent only the Company's expectations, estimates and projections
regarding future events. These statements are not guarantees of future
performance and involve assumptions, risks and uncertainties that are difficult
to predict. Therefore, actual results may differ materially from what is
expressed, implied or forecasted in such forward-looking statements.


Additional factors that could cause actual results, performance or achievements
to differ materially include, but are not limited to, those discussed under
"Risk Factors" in the Prospectus and documents incorporated by reference in the
Prospectus. All of the forward-looking statements made in this press release,
the Prospectus and documents incorporated by reference in the Prospectus are
qualified by these cautionary statements, and there can be no assurance that the
actual results or developments will be realized or, even if substantially
realized, that they will have the expected consequences to, or effects on, the
Company. Investors are cautioned not to put undue reliance on forward-looking
information. The forward-looking statements are made as of the date hereof and
the Company assumes no obligation to update or revise them to reflect subsequent
information, events or circumstances or otherwise, except as required by
applicable securities laws.


The forward-looking statements in this press release, the Prospectus and
documents incorporated by reference in the Prospectus are based on estimates and
statements that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management expects a stated
condition or result to occur. Since forward-looking statements address future
events and conditions, by their very nature, they involve inherent risks and
uncertainties. Actual results in each case could differ materially from those
currently anticipated in such statements. Accordingly, readers should not place
undue reliance on forward looking statements.


Some of the risks which could affect future results and could cause results to
differ materially from those expressed in the forward-looking statements
include: risks related to the Company's negative operating cash flow,
anticipated drilling program results, ability to delineate mineral resource
estimates compliant with National Instrument 43-101 on its material property,
limited operating history, foreign operations (including various political,
economic and other risks and uncertainties), termination or non-renewal of
concession rights or expropriation of property rights, political instability and
bureaucracy, lack of profitability, lack of infrastructure, high inflation
rates, limited availability of debt financing, fluctuations in currency exchange
rates, reliance on various factors (including local labour, importation of
machinery and other key items and business relationships), a shift in gold
trends and demands, vulnerability to fluctuations in the world market and stock
market volatility.


The distribution of this announcement in certain jurisdictions may be restricted
by law. Persons into whose possession this announcement comes are required by
each of the Company and the Underwriters to inform themselves about, and to
observe, any such restrictions.