Nubian Resources Ltd. announced regarding the acquisition of the Yandoit Gold Project, situated in the historic Daylesford gold corridor of central Victoria, Australia (the "Project"), the Company and the vendor, B.S.B. Mining Pty Ltd. ("BSB Mining") have entered into an extension of 30 days for completion of the definitive documents. Closing of the acquisition is now expected to occur on or before September 19, 2020 and is subject to, among other things, the receipt of all necessary approvals and all conditions having been satisfied or waived with respect to the terms of the LOI including the approval of the TSX Venture Exchange. Located about 39 km northeast of the city of Ballarat and 100 km northwest of Melbourne, the advanced-stage Yandoit Gold Project is in a region that has seen punctuated periods of hard rock and alluvial gold mining over the past 160 years. Local geological environments are very similar to that seen in the higher activity Bendigo (e.g., Fosterville Mine, 70 km to the northeast), Castlemaine, and Malmsbury gold corridors located to the north and northeast. Sustained higher gold prices and recent success in understanding the gold depositional geology by Kirkland Lake Gold at its Fosterville Gold Mine has caused a modern day gold rush in the region.