Nebu Resources Inc.

Denton
Nebu has acquired interests of up to 90% in the case of one agreement and 100% in the other agreement in a number of claim groups primarily in the area west of Timmins where Lakeshore Gold Mines, West Timmins Mining Inc. and Melkior Resources Inc. have recently reported high grade gold values in deep drilling and near surface drilling programs respectively.

Several of the properties optioned or purchased by Nebu are known to host gold mineralization that has not been fully investigated by drilling. Only one of the properties has been subjected to any significant drill testing and that property has not seen any drilling since the mid 1980’s, despite being reported to host gold mineralization at several locations.

Timwest Property Acquisition
Nebu has acquired the right to earn up to a 90% interest in 59 mining claim units from Eloro Resources Ltd. (“Eloro”) that comprise three separate claim groups located to the northwest, southeast and adjacent to the north of various parts of the West Timmins Mining Inc. properties. In order to earn a 90% interest in the three properties comprising 10 claims ( 59 claim units), Nebu must make share payments totalling 300,000 shares and must also complete $200,000 in exploration work on the properties by March 31, 2011 and the first $100,000 of this must be spent prior to March 31, 2010. Once Nebu has earned a 90% interest in the properties, the companies will form a joint venture to further develop the properties or if elected by Eloro, Eloro may revert to a 1% net smelter returns royalty. This transaction is subject to regulatory approval.

Timmins Goldex Acquisition
Nebu has purchased 100% interest in three properties comprising 17 mining claims (75 claim units) located in Ogden, Denton, Hislop and Bowman townships for $50,000.

The Denton property is located adjacent to the south of the Wakemac gold property of West Timmins Mining Inc. while the Ogden property is located close to the historic Desantis gold mine. The third property located outside the area near the village of Ramore is situated in proximity to the historic Canadian Arrow gold mine.

The vendors of the properties are local prospectors who have accumulated the claim groups over a number of years when the gold price was significantly lower than its price today. No significant exploration work is known to have taken place in recent years on the various properties despite their location close to areas known to host significant quantities of gold.

As of July 1, 2009, exploration is underway on its claim groups in the area west of Timmins where Lakeshore Gold Mines and West Timmins Mining Inc. reported very extensive high grade gold values in deep drilling in their press release dated June 24, 2009. The gold intersection reported last week is certainly one of the best ever reported publicly from the Timmins area. The Company expects to commence drilling on the properties located adjacent to the West Timmins Property in July to evaluate near surface historic gold occurrences that remain untested at depth.

One of the areas to be drill tested is located 10 kilometres to the southwest of the high grade results reported by West Timmins Mining Inc. (“WTM”) and Lakeshore Gold Corp. (“LSG”) and the Nebu property includes a number of historic gold occurrences that also have never been tested at any significant depth.

Since acquiring rights to the properties in April, 2009, the Company has been compiling data and initiating preliminary exploration of the properties, and based on the results of this ongoing work and the recent results announced last week by WTM and LSG, the Company has revised its timeline for initial drill testing of the properties to July of 2009. Initial drilling will focus on the evaluation of the gold potential in proximity to some of the known historical surface gold occurrences and shallow drill intersections of gold mineralization. Other exploration work continues and will be used as part of the process for locating specific holes for the upcoming program.

Bruce Durham, P.Geo., a qualified person under the definitions established by National Instrument 43-101 has reviewed the technical information contained in this release on behalf of Nebu.

Project Denton - West Timmons