Historical gold and copper mining district

The Abu Marawat Property occurs within a historical gold and copper mining district in the Abu Marawat Concession and is situated in the Eastern Desert of the Nubian Shield in Egypt. A re-emerging mining district with historical mining dating back to Pharaonic times. Including numerous old workings demonstrate the resource potential with the application of modern exploration and mining techniques. The discovery of Centamin Egypt’s Sukari Mine which now has global resources over 14 M oz of gold has brought a great deal of attention to the Eastern Desert. Alexander Nubia’s management team has been successful in establishing the prospective land claim, one of the largest in the Eastern Desert, as it advances its Abu Marawat Property to a NI 43-101-compliant resource estimate

The Abu Marawat Property

The Abu Marawat Property, which is located in the Abu Marawat Concession, has excellent infrastructure and support including good gravel roads, electricity grid lines; railroad access and availability of experienced work force. It is in close proximity to the Port of Safaga, Qena, and Hurghada International Airport. Weather and terrain allows for year round exploration on the property.

Ownership

In 2008, Alexander Nubia won an international competitive auction through the Ministry of Petroleum to have the right to explore and develop gold and associated minerals.. The previous operator of the property was Centamin Egypt Limited (TSX: CEE), which mandatorily relinquished the property. Alexander Nubia owns 100% of the Abu Marawat concession.

Geoglogy

The Abu Marawat Property is a gold rich, polymetallic deposit and has had preliminary exploration, including a historical resource estimate of 94,000 oz of Au and Au/Ag equivalent by Fluor Daniel (1995), based on drilling by Minex in 1988-1989. The deposit is a gold-rich polymetallic mesothermal quartz vein system. Mineralization occurs pre- and post-faults. Geology, geophysics and geochemistry outlined potential of the vein zone for a strike length of 1,500 m. Drilling conducted by Alexander Nubia has intersected mineralization to a depth of 230 m and is open both along strike and at depth.

Exploration

In 2010, the Company completed geological mapping, geophysics and soil sampling of eight targets representing old workings and historical mines, and prioritized targets for further exploration and drilling. Drilling initially targeted the Abu Marawat gold-copper-zinc-silver property, were identified a 1,500 m vein structure known to extend beyond the historical resource area.

The Company began a drilling program in 2011 on the central vein zone (CVZ) and to date has completed a total of 16,661 m of drilling comprising of 79 diamond drill holes.

Geology

• Vein system of numerous subparallel, steeply dipping quartz veins
• Some veins encountered in drilling have no surface expression
• Vein systems encountered has a strike length of 1500 m, well beyond the limits of the historical resource

Interpretation

• veins in siliceous core of large, deep rooted hydrothermal system
• vein system and intense hydrothermal alteration spatially related to hypabyssal felsic intrusion

 A full set of assay results from the Company’s 2011 drilling program is available here:

Advancing to a Resource

Alexander Nubia has engaged industry recognized Roscoe Postle Associates Inc. (RPA) to complete an initial NI 43-101 compliant inferred resource estimate which is currently in progress and expected to be completed by to Q1-2012.

With over 16,500 metres of diamond drilling completed, drilling confirms vein continuity in the upper portion of vein structures where the CVZ and FIN structures were targeted and will be incorporated in the resource model.

Drilling revealed the following:

• • There are higher gold grades to the south
• • (AAM – 035 (FIN), 16.8 g/t gold over 6 m length)

• • There are higher copper grades to the north
• • (AAM - 020, 12.6% copper over 3.6 m length)
• • Large multi-vein system
• • The deposit remains open along strike to the NW and SE and at depth:
• • There are also several untested targets which the Company intends to explore

The successful results at the Abu Marawat project enhance the potential of other nearby deposits such as Hamama and increase the potential for a mining district to be re-developed.