Nebu Resources Inc. Announces the Resignation of Director, Mr. Bruce Durham

Toronto, Ontario--(Newsfile Corp. - January 15, 2018) - Nebu Resources Inc. (TSXV: NBU) ("Nebu" or the "Company") announces the resignation effective immediately of director Mr. Bruce Durham, who is resigning to focus his efforts on other existing projects where he is actively involved in operations. No replacement director has been selected at this juncture.

The Company would like to thank Mr. Durham for his service to the Company and wish him the best in his future endeavours.

The Company continues to work with Linceo Media Group Inc. to complete the conditions precedent and requisite filings in connection with its previously announced business combination which it is attempting to complete as soon as possible but in any event is expected to be completed in the first quarter of 2018 (the "Transaction").

Nebu's common shares are currently halted and Nebu anticipates they will remain halted until the documentation required by the Exchange for the proposed Transaction can be provided to the Exchange.

For further information please contact:

Paul Crath, President & CEO
Nebu Resources Inc.
Telephone: 416-504-4128

Forward Looking Information

This news release contains certain forward-looking statements that reflect the current views and/or expectations of management with respect to performance, business and future events, including but not limited to express or implied statements and assumptions regarding the Company's intention to negotiate for or complete the Transaction. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. In particular, there is no guarantee that the parties will successfully negotiate and enter into a definitive agreement or complete the Transaction contemplated herein, that the Company's due diligence will be satisfactory or that the Company will obtain any required shareholder or regulatory approvals, including approval of the TSX Venture Exchange . Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.   

All information contained in this press release with respect to Linceo, its business and proposed corporate reorganization and financing was supplied by Linceo for inclusion herein. The Company has not conducted due diligence on the information provided and does not assume any responsibility for the accuracy or completeness of such information.

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.