NBU Nebu Resources Inc

Nebu Resources Inc. ("Nebu" )(the "Company")(TSX VENTURE:NBU) is pleased to
announce the commencement of an initial diamond drill program on its extensive,
highly prospective land position adjacent to the north of the Augen Gold Corp.
("Augen") Jerome Property and northwest of the Trelawney Mining and Exploration
("Trelawney") Cote Lake Property where Trelawney has just filed a report
outlining an inferred mineral resource of more than 4.2 million ounces of gold.


Highlights

The initial drill program, part of a comprehensive exploration program planned
for the spring and summer of 2011, will consist of approximately 1200 meters of
diamond drilling over 6 holes. The targeted areas will test at least 6 separate
and isolated buried gold targets on the eastern part of the extensive property
along the direction of the known shearing on the property. 


Several areas of known felsic intrusions similar to the main host of gold
mineralization on the Trelawney and Augen Gold properties to the southeast are
known to occur on the property. The company has recently completed compiling
historic and recently completed magnetic and induced polarization anomalies over
a portion of the property and has identified a number of untested targets that
warrant diamond drilling. Historic ground geophysical surveys indicate the
presence of induced polarization chargeability anomalies in the area of the
historic gold occurrences indicating the likely presence of significant
accumulations of sulphide or graphite mineralization in proximity of the gold
occurrences.


Mallard Property

The Mallard Property covers 11,600 acres (290 mineral claim units) in Mallard
Tp. in Ontario Canada. Most areas of gold mineralization on and near the
property remain mostly untested, in part because gold mineralization in the area
was first discovered in the 1930's when access was very difficult. 


The property covers 9 kilometers of the large shear zone and geological terrain
intruded by felsic intrusions. A number of northwest striking shears, quartz
veins and gold occurrences have been reported on and near the property, none of
which have been properly evaluated.


To view a map of the Mallard Property, click or cut and paste the following:
http://neburesources.com/pdfs/NebuCompilationMap.pdf


The Company has the right to earn a 100% in the Mallard Property (the
"Property), under the terms of an Option and Assignment Agreement (see Press
Release dated February 22, 2011).


About Nebu Resources

Nebu Resources Inc. is a junior exploration company focused on gold exploration
in Ontario, Canada, in 4 specific and distinct areas: Trelawney area, Timmins,
Quest Lake in the Thunder Bay mining district and Burntbush, Ontario, exploring
the Ontario extension of the Casa Berardi Deformation Zone. Nebu's shares are
listed for trading on the TSX Venture Exchange under the symbol NBU.V. Nebu
currently has 60,123,976 common shares issued and outstanding.


Mr. Bruce Durham P.Geo, a Qualified Person, is the Company's Qualified Person
(QP) and is the non-independent Qualified Person responsible for the information
contained in this press release. The Qualified Person is experienced in all
aspects of the work completed, has visited the project site. All technical data
contained in this release is of a historical nature and as such should not be
unduly relied upon.


Visit our website at www.neburesources.com

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