Dec. 16, 2010 (Filing Services Canada) -- Alexander Nubia International Inc. (AAN - TSX Venture), is pleased to provide an update regarding the drilling program at its Abu Marawat Property ("Abu Marawat Project"). The drilling equipment and two diamond drill rigs contracted with Hardrock Diamond Drilling Ltd., a Canadian company with extensive international drilling experience, are expected to be on site by early 2011. In preparation for the arrival of drill rigs, the Company has been working on upgrading the camp facilities in the provision of water, housing, fuel, supply lines, general infrustracture and the preparation of the drill pads.
A 7,500 metre diamond drill program is initially planned for the Abu Marawat Project, which is located within the Company's Abu Marawat Concession. This is the resumption of exploration of the Company's primary target, with a goal to achieve the following milestones:
* Building upon the 19,500 metres of historical drilling and confirming the non-43-101 compliant historical records that reflected a 131,000 oz Au (gold) resource; and
* Completion of a diamond drill program that is intended to establish continuity by depth and extension of the vein structure and to test geophysical anomalies and replacement potential of vein structures at depth;
The Company will also continue its program aimed at advancing other priority targets, with a near term focus on the Hamama Property. Located in the southwestern corner of the Abu Marawat Concession, a previous operator at Hamama identified an oxidized massive sulphide zone up to 18m wide and AAN's geologic team confirmed it extends for several thousand metres.
About Alexander Nubia International Inc.
AAN is a mineral exploration company whose mission is to implement the technical expertise of developed mineral-exploration jurisdictions, such as that of Canada, in resource-rich Africa. Initially, AAN has established Egypt as its platform country, focusing on the under-developed Eastern Desert, where historical mining of gold and copper dates back to Pharaonic times. AAN presently controls the Abu Marawat concession in Egypt. The Abu Marawat concession, covering an area of approximately 1,370 km2 contains the main Abu Marawat, Semna and Hamama volcanogenic massive sulfide ("VMS") properties and other gold and base-metal exploration targets. The concession is located in Egypt's Eastern Desert as part of the Nubian Shield.
For more information on Alexander Nubia please visit our web site at www.alexandernubia.com or contact:
A. Alexander Massoud
President & Chief Executive Officer
Egypt: +2 (0) 22 287 6914
Canada: +1 (877) 607-4747
Email: amassoud@alexandernubia.com
Donald M. Cameron, CA
Chief Financial Officer
Canada: +1 (877) 607-4747
Email: dcameron@alexandernubia.com
Cautionary Note Regarding Forward-Looking Statements
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 news release.
The securities of Alexander Nubia International Inc. described 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 U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Some of the statements contained in this release are forward-looking statements, such as 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Alexander Nubia International Inc. (TSXV AAN) www.alexandernubia.com
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