Alexander Nubia Closes Non-Brokered Private Placement

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FOR IMMEDIATE RELEASE

ALEXANDER NUBIA CLOSES NON-BROKERED PRIVATE PLACEMENT

October 5, 2015 - Alexander Nubia International Inc. (TSX-V:AAN) (the "Corporation" or "Alexander Nubia") is pleased to announce that, further to its press release dated October 2, 2015, it has closed its previously announced non-brokered private placement offering of 1,875,000 common shares at a price of $0.08 per common share for aggregate gross proceeds of $150,000 (the "Offering").

The Corporation also announces that pursuant to the Offering, Ou Moonrider ("Moonrider") acquired 1,875,000 common shares at a price of $0.08 per common share. This acquisition by Moonrider represents 4.08% of the Company’s current issued and outstanding common shares and an approximate 46.88% increase to Moonrider’s ownership of Alexander Nubia. Prior to this transaction, Moonrider owned and controlled an aggregate of 4,000,000 common shares and 4,000,000 warrants of the Company. Moonrider now owns and controls 5,875,000 common shares, representing, in aggregate, prior to the exercise of any warrants held by Moonrider, approximately 12.77% of the issued and outstanding common shares of the Company. On a partially diluted basis after the exercise of all of the warrants held by Moonrider only, they would own and control approximately 19.75% of the share capital of Alexander Nubia.

All securities issued to Moonrider are subject to a four month hold period expiring on February 6, 2016.

The Corporation has also been advised that Moonrider acquired these securities for investment purposes and may in the future, depending on market and other conditions, increase or decrease their 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 filed 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 under applicable Canadian securities laws expiring on February 6, 2016.

The net proceeds from this Offering will be primarily used for working capital purposes and corporate costs.

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 Company's 100%owned concessions, Abu Marawat and the Fatiri, combined cover 2,772 square kilometres 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 Eastern Desert is host to a number of historically-significant gold mines. The world's oldest gold mine map for Wadi Hamad, the Turin Papyrus Map, was prepared for Ramesses IV; it dates to 1,160 BC and describes the wadi (dry river bed) routes to these important gold mine sites. The Sukari gold mine, controlled by Centamin [TSX: CEE] was a historical gold mine, dating back to New Kingdom/Ptolemaic and Roman age. (Source: Klemm and Klemm (2013): Gold and Gold Mining in Ancient Egypt and Nubia, Springer-Verlag, 649 pp) Sukari, located 300 km to the South of Abu Marawat Concession, contains 7.7 Moz of proven and probable gold reserves at 1.05 g/t Au. Gold production began at Sukari in 2009; forecasted production for 2015 is 420,000 ounces of gold at a cash cost of $700 per ounce. Gold recovery is 88% and head grade is 1.40 g/t Au. Gold mineralization at Sukari has been intersected to depths of 1,350 m below the wadi surface. (source: Centamin website)

Abu Marawat and the Fatiri concessions are underlain by a Proterozoic-aged Pan-African greenstone belt of the ANS, which has been intruded by at least two main ages of granodiorite intrusions. Gold-sulphide mineralization is of the orogenic, quartz-carbonate vein-type and is associated with major NNW and NE trending shear-zones. Alteration includes epidote (distal), carbonate (intermediate) and sericite-quartz (proximal). Similar geological settings include the greenstone belts of the Yilgarn of Western Australia, the Birimian of West Africa and the Abitibi in Quebec, Canada.

The Arabian-Nubian Shield (ANS) covers both sides of the Red Sea and includes parts of Egypt, Saudi Arabia, The Sudan, Eritrea and Ethiopia. Significant VMS deposits in the ANS include Barrick [TSX: ABX] and Ma'aden 50:50% JV of Jabal Sayid in Saudi Arabia, Nevsun [TSX: NSU] Bisha Main and Harena in Eritrea, La Mancha's Hassai and Hadal Awatib in the Sudan, and Sunridge [TSX: SGC] Emba Derho, Debarwa and Adi Nefas in Eritrea. An example of the size and grade of these deposits is La Mancha's Hadal Awatib East, which has 54.2 Mt of Indicated Resources in primary sulphide mineralization at grades of 1.0% Cu, 1.11 g/t Au and 0.8% Zn, and 13.25 Mt of Inferred Resources at 1.2% Cu, 1.0 g/t Au and 0.5% Zn and has a strike length of 2,500 m, mineralization widths of up to 100 m, has been drilled to 400 m and geophysicsprojected depths of mineralization to 900 m. Cautionary note: Mineral reserves and or resources present on these VMS properties does not imply similar resources or mineralization will be identified on the Company's properties.

The Company'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.

For more information on Alexander Nubia visit www.alexandernubia.com or please contact:

A. Alexander Massoud President and Chief Executive Officer Egypt: +2 (0) 22 287 6914 Email: [email protected]

General Information Canada: +1 (778) 806-5151 Email: [email protected]

Cautionary Note Regarding Forward-Looking Statements

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, including statements regarding completion of the Consolidation, use of proceeds, acceleration of the expiry date of the Warrants and statements or estimates 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.