Nubian Resources Ltd. provided an update on work underway on its maiden drill program at the Company's Yandoit Gold Project in the Central Victorian Goldfields, Australia. To date, 1,164 metres of reverse circulation ("RC") and 458 metres of diamond core has been completed at the Goldsmith and Golconda prospects. Assay results have been received from 20 holes including 2.0m @ 52.4 g/t gold in hole YRC008. This result highlights the potential for exceptional high-grade gold at the Yandoit Gold Project, consistent with the historical descriptions of production this under-explored goldfield. Highlights from surface and drilling results at Goldsmith Line include: Bonanza grade gold from recent RC drilling returned 2m @ 52.4 g/t gold from 28m in hole YRC008; Elevated gold mineralization demonstrated along a +550m trend at Goldsmith; High grade surface rock chip samples up to 7.45 g/t gold; Multiple quartz reefs mapped at surface and Diamond drill testing beneath the Golconda Mine successfully completed, assays awaited. In addition to drilling, surface mapping of historic workings and sampling has continued. This program has discovered numerous gold mineralized samples on dumps, with 16 samples taken that range from 0.042 to 7.45 g/t gold, averaging 2.14 g/t. In combination with drilling, the surface sampling has extended the target at Goldsmith to over 500 metres in length. This sampling is in addition to that previously reported that highlighted the presence of gold in sulphide that was not recovered.