Alexander Nubia Announces Closing of Second Tranche of $350,000 of Its Non- Brokered Private Placement of up to $1.5 Million

FOR IMMEDIATE RELEASE

ALEXANDER NUBIA ANNOUNCES CLOSING OF SECOND TRANCHE OF $350,000 OF ITS NON- BROKERED PRIVATE PLACEMENT OF UP TO $1.5 MILLION

December 22, 2015 Alexander Nubia International Inc. (TSX-V:AAN) (the "Corporation" or "Alexander Nubia") is pleased to announce that it has closed the second tranche of $350,000 of its previously announced non-brokered private placement offering of up to 30,000,000 units (the "Units") at a price of $0.05 per Unit (the "Offering"), for total gross proceeds of up to $1,500,000. The Corporation issued an aggregate of 7,000,000 Units in the second tranche of the Offering. Each Unit consists of one common share in the capital of the Corporation (a "Share") and one warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional Share (a "Warrant Share") until December 22, 2018 at a price of $0.05 per Warrant Share. If at any time prior to the expiry date of the Warrants the average closing trading price of the Shares on the TSX Venture Exchange for any 20 consecutive trading days is greater than $0.25, then the Corporation may provide notice to the holders of the Warrants that the expiry date of the Warrants will be accelerated to the date which is 30 days after the date of such notice.

The net proceeds of the Offering will be used to fund further exploration activities at the Corporation's Abu Marawat and Fatiri Concessions, including drilling and sampling to extend and develop the Hamama project on the Abu Marawat Concession, and to drill a number of exploratory holes to investigate the potential of the former Abu Zawal mine in the Fatiri Concession. In addition, part of the funds will be used to fund the Corporation's general and administrative expenses, and for working capital purposes. The management of the Corporation has also made significant progress in reducing the Corporation's monthly overheads.

The participation by each of Ou Hektik ("Hektik") and Ou Moonrider ("Moonrider") in the second tranche of the Offering constitutes a related party transaction as each of Hektik and Moonrider was an insider of the Corporation at the time the transaction was agreed to. However, such related party transaction is exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") on the basis of the "Fair Market Value Not More Than 25% of Market Capitalization" exemptions contained in ss. 5.5(a) and 5.7(1)(a) of MI 61- 101. In particular, at the time the transaction was agreed to, neither the fair market value of the Units to be acquired by each of Hektik and Moonrider nor the fair market value of the consideration paid by each of Hektik and Moonrider for such Units exceeded 25% of the Corporation's market capitalization.

The Corporation also announces that pursuant to the second tranche of the Offering, each of Hektik and Moonrider acquired 3,500,000 Units at a price of $0.05 per Unit, consisting of 3,500,000 Shares, representing approximately 5.88% of the issued and outstanding Shares as of the date hereof, and 3,500,000 Warrants. The Corporation has been advised that each of Hektik and Moonrider owned and controlled 7,000,000 and 7,875,000 Shares and 7,000,000 and 6,000,000 Warrants, respectively, prior to closing of the second tranche of the Offering. If Hektik was to exercise all of its Warrants, including the Warrants acquired in the second tranche of the Offering, it would then own 21,000,000 Shares, representing approximately 24.14% of the issued and outstanding Shares as of the date hereof (assuming all Warrants issued under the first and second tranche of the Offering are exercised but that no other convertible securities of the Corporation are exercised). If Moonrider was to exercise all of its Warrants, including the Warrants acquired in the second tranche of the Offering, it would then own 20,875,000 Shares, representing approximately 23.99% of the issued and outstanding Shares as of the date hereof (assuming all Warrants issued under the first and second tranche of the Offering are exercised but that no other convertible securities of the Corporation are exercised).

The Corporation has also been advised that Hektik and Moonrider acquired these securities for investment purposes and may in the future, depending on market and other conditions, increase or decrease their respective beneficial ownership of the Corporation's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities. Copies of the early warning reports in connection with these acquisitions will be available on SEDAR at www.sedar.com and may also be obtained by contacting the Corporation.

All securities issued pursuant to the Offering will be subject to a four-month hold period from the date of issuance under applicable Canadian securities laws. All Shares and Warrants issued in the second tranche of the Offering which closed today are subject to a four-month hold period which ends on April 23, 2016.

A total of 20,500,000 Units were purchased under the first and second tranches of the Offering for aggregate gross proceeds to the Corporation of $1,025,000. 9,500,000 Units totaling $475,000 remain available for purchase under the Offering. There may be one or more further tranches of the Offering which close on or prior to January 22, 2016 but the size and timing of any such further tranches is unknown at this time. The Corporation will provide additional details regarding any such further tranches once known.

About Alexander Nubia International Inc.:

Alexander Nubia (TSX-V: AAN) is in the business of exploring for and developing of economic gold and copper deposits in the Central Eastern Desert of the Arabian-Nubian Shield (ANS). The Corporation's 100%- owned concessions, Abu Marawat and the Fatiri, combined cover 2,772 square kilometers of underexplored ground. Evidence of gold and copper mining on the concessions dates the many surface workings to pre-historic (Copper Age) and Old Kingdom (Pharaonic), through Ptolemaic and Roman and into Early Arab times. Several historic gold mines and numerous gold showings and gossans occur within the two concessions.

The Corporation's land package is located some 400 km southeast of Cairo and is enhanced by expanding infrastructure, including access to highway and railway right-of-way, a high-capacity electricity grid, and nearby major cities; Qena, on the Nile River, and Port of Safaga, on the Red Sea, only 50 km to the East.

ON BEHALF OF THE BOARD OF ALEXANDER NUBIA INTERNATIONAL INC.

Mark W. Campbell Interim President & CEO

For further information, please visit www.alexandernubia.com or contact:

Mark W. Campbell Interim President and CEO +1-936-689-2589

Giles Baynham Director of Corporate Development +1-604-764-6126

Cautionary Note Regarding Forward-Looking Statements

Some of the statements contained in this release, including without limitation statements regarding further tranches of the Offering, are forward-looking statements. 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.