Alexander Nubia International Inc. Completes First Tranche of Non-Brokered Private Placement

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 a non-brokered private placement (the "Private Placement") of a
minimum of 4,000,000 common shares of the Company (the "Common Shares") and a
maximum of 9,000,000 Common Shares at $0.05 per Common Share for gross proceeds
of between $200,000 and $450,000 to fund an exploration and drilling program on
the Company's Hamama property and for working capital a purposes.


The Company is pleased to report that it has closed the first tranche (the
"First Tranche") of the Private Placement for gross proceeds of approximately
$200,000. In connection with the First Tranche, the Company issued an aggregate
of 3,970,450 Common Shares at $0.05 per Common Share. 


The Private Placement is non-brokered; however, the Company may pay finder's
fees in accordance with the rules and policies of the TSX Venture Exchange. No
finder's fees were paid in connection with the First Tranche. All Common Shares
issued in connection with the First Tranche are subject to a four month hold
period that expires on February 6, 2013, in accordance with applicable
securities legislation. 


The Company expects to complete one or more further tranches of the Private
Placement on the same terms. The completion of subsequent tranches of the
Private Placement is subject to certain customary conditions, including, but not
limited to, the execution of definitive subscription agreements with subscribers
and the receipt of all necessary regulatory approvals, including the approval of
the TSX Venture Exchange. It is currently anticipated that certain insiders of
the Company will be participating in subsequent tranches of the Private
Placement.


About Alexander Nubia International Inc.

Alexander Nubia International Inc. (TSX VENTURE:AAN) is a Canadian mineral
exploration and development Company focused on advancing exploration projects in
the Eastern Desert in Egypt. The Company holds two exploration concessions: Abu
Marawat and Fatiri, which cover areas of 1,027 km2 and 1,745 km2, respectively.
The Abu Marawat Concession contains two principal deposits: the Hamama
volcanogenic massive sulphide ("VMS") deposit and the Abu Marawat gold-copper
mesothermal vein deposit. Priority and resources have been allocated to the
Hamama deposit based on recent discovery of a broad zone of VMS gossan
at-surface containing high grade gold, an extensive and mineralized footwall
stringer zone and excellent first-stage diamond drilling results. The Abu
Marawat Technical Report estimates an inferred mineral resource of 397,000
ounces of gold and gold-equivalent. With approximately $6 million in direct
expenditures on the Abu Marawat deposit, this equates to a discovery cost of $15
per gold-equivalent ounce. With only 50% of the available strike length drilled
to an average depth of 200 metres, management of the Company believes that this
allows substantial upside for increasing the resource through a modest drill
program. Further enhancing corporate value is a prospective land package
containing several quality targets and deposits representing past producing gold
mines and historical workings, all within a 35-kilometre radius and near to
seaport, railway, electricity grid, international airport and paved highways.


Gold-Equivalent Calculation - Management has used the following to determine the
inferred mineral resource of 397,000 ounces of gold plus gold equivalent: As
disclosed in the Abu Marawat Technical Report, the Abu Marawat deposit inferred
mineral resource is: 2.9 million tonnes at an average grade of 1.75 g/t Au, 29.3
g/t Ag, 0.77 % Cu and 1.15 % Zn, containing 162 thousand ounces Au, 2.7 million
ounces Ag, 49 million pounds Cu, and 73 million pounds Zn. The gold
equivalencies of silver, copper, and zinc are based on the metal prices used in
the NSR model as follows: Au US$1400/ounce, Ag US$26/ounce, Cu US$3.50/pound and
Zn $1.15/pound.


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


Certain information in this press release may constitute forward-looking
information. This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to predict. Actual
results might differ materially from results suggested in any forward-looking
statements. The Company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from those
reflected in the forward looking-statements unless and until required by
securities laws applicable to the Company. Additional information identifying
risks and uncertainties is contained in the Company's filings with the Canadian
securities regulators, which filings are available at www.sedar.com.