Nebu Resources Announces Voting Results of 2014 Annual and Special Meeting of Shareholders

Toronto, Ontario--(Newsfile Corp. - May 1, 2014) - Nebu Resources Inc. (TSXV: NBU) (the "Company" or "Nebu") is pleased to announce that at the annual and special shareholders meeting held on April 30, 2014 (the "Meeting"), the shareholders of Nebu ratified the Company's 10% rolling stock option plan and approved (i) the change of the Company's name to "CSM Minerals Corp." or such other name as approved by the directors (the "Name Change"); (ii) the consolidation of the issued and outstanding common shares of the Company on a one (1) new share for ten (10) old share basis (or such lesser amount as the directors of the Company may determine) (the "Share Consolidation"); and (iii) an amendment to the articles of the Company to create a new class of preferred royalty shares to the capital of Nebu. Details of the resolutions considered and approved at the Meeting are disclosed in the management information circular of the Company dated April 1, 2014 (the "Circular") available on SEDAR at www.sedar.com.

In addition, each of the nominees proposed for election as listed in the Circular, being R. Brian Murray, John Hickey, Donald R. Sheldon, James Decker and Bruce Durham, was elected as a director by a majority of votes to serve until the next annual meeting or until their successors are elected or appointed.

As of April 30, 2014, the Company had 68,373,908 common shares issued and outstanding. If implemented, the Share Consolidation will occur simultaneously for all of the Company's common shares and will affect all shareholders uniformly. Management expects that the ratio for the Share Consolidation will be fixed and the Share Consolidation implemented as soon as practical. Assuming the proposed Share Consolidation occurs at a ratio of 1:10, the Company's outstanding shares will be reduced to approximately 6,837,391 Common Shares. The Share Consolidation will not affect any shareholder's percentage ownership interest in the Company, except to the extent that the Share Consolidation would otherwise result in any shareholder owning a fractional share. No fractional shares will be issued, but instead if the Share Consolidation would otherwise result in a shareholder holding a fraction of a share, such fractional share, if less than one-half, shall be rounded down to zero and, if equal to or greater than one-half, shall be rounded up to one and added to the number of shares which the shareholder is entitled to receive.

The Name Change and Share Consolidation are subject to TSX Venture Exchange approval.

About Nebu Resources Inc.

Nebu Resources Inc. is a junior exploration company focused on gold exploration in the Timmins Gold Camp and the West Kirkland Area of Ontario, Canada.

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

For further information: John V. Hickey, CFO (416) 903-6649