Nebu Acquires Properties Adjacent to West Timmins Mining Inc. and Elsewhere in Timmins Ontario Area

TORONTO, ONTARIO, Apr 20 (MARKET WIRE) --
Nebu Resources Inc. (the "Company" or "Nebu") (TSX VENTURE: NBU)
announces that, pursuant to two separate transactions, it 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.

Highlights

- Gold mineralization reported on multiple properties

- Gold mineralization reported in pits, trenches, drill holes and one
shaft.

- Limited production (approximately 1000 tons grading 0.14 opt) in 1983
from two pits on one property

- Historic grab samples reported to grade up to several ounces gold per
ton.

- Diamond drilling completed in the mid 1980's by Hollinger Argus Limited
and Newmont Mining Limited report values in drill core including:

0.297 ounces gold per ton over 22.8 feet
0.121 ounces gold per ton over 10 feet,
0.270 ounces gold per ton over 13 feet,
0.08 ounces gold per ton over 22 feet,
0.10 ounces gold per ton over 5 feet,
0.13 ounces gold per ton over 7 feet

Because all assay results are historic in nature, the Company does not
recommend relying on the quality of the assay data, however based on the
fact that the drilling was carried out by major mining companies the
results warrant further due diligence and follow-up. The Company has
discovered that some of the drill core from this 1980's drilling is
stored at the Ministry of Northern Development and Mines facility in
Timmins and therefore may be of some use. The Company anticipates
commencing field work on the properties in May once conditions in the
area improve. In the meantime the Company will undertake to compile all
of the data available for the various properties, develop an appropriate
exploration strategy for each of them and prepare for the execution of
the programs. The Company will provide updates on the developments on the
various projects in a timely manner and will be updating its website with
data as it becomes available.

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.

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.

Other Matters

Nebu also announces that effective March 31, 2009 it has ended its option
agreement with Quest Uranium Corporation whereby Nebu was earning a 50%
interest in the Stewart Lake and Nanuk properties held by Quest in the
George River area of northern Quebec. The directors of Nebu, in
consultation with the Company's geologists concluded the risk/reward
associated with a high cost exploration program in a remote location was
not justifiable in the current economic environment and a preferred
strategic direction was a gold exploration focus in more accessible
locations, which is what the Timmins area properties represent.

Nebu also confirms, as previously disclosed in its recent MD&A filed in
February 2009, that it terminated its option agreement with Portage
Minerals Inc. for the Golden Mile property in Nevada. Management
concluded that the exploration costs would be excessive and could not be
justified.

Nebu has also deferred until later in 2009 any decision to proceed with
the option on its original Wedge Hills uranium claims in northern Quebec.

Nebu is a junior exploration company focused on gold exploration
opportunities in Canada and also uranium exploration in northern Quebec.
Nebu's shares are listed for trading on the TSX Venture Exchange under
the symbol NBU.V Nebu currently has 31,225,833 common shares issued and
outstanding.

Contacts:
Nebu Resources Inc.
R. Brian Murray
CEO
416-985-7810

Nebu Resources Inc.
John Hickey
CFO
416-903-6649

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