MBMI Provides Corporate Update and Files Financials

MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) wishes to
provide an update on its corporate activities.


The financial reporting and corporate compliance services of RG Mining
Investments Inc. has been terminated. Pursuant to this termination, and
effective September 30, 2011, MBMI has accepted the resignations of Stephen M.
Gledhill as Chief Financial Officer and Leslie Haddow as Corporate Secretary. 


In addition, Mr. Frank Pastorino, the Company's Vice President of Operations,
has also been terminated.


Mr. Sam Y.C. Kwan has been appointed as Chief Financial Officer of the Company,
effective on October 1, 2011.


Sam Y.C. Kwan, CA, CPA, has more than twelve years financial experience in
external audit, taxation, accounting and corporate finance. He has experience in
international business and has been involved in foreign exchange risk management
and hedging strategy implementation. Mr. Kwan is a Chartered Accountant who has
practiced at major accounting firms, most recently at BDO Dunwoody LLP. Mr. Kwan
is the Audit Committee Chairman of Kam and Ronson Media Group Inc. and the
President of Horwath Leebosh Global Advisors, Inc., the Asia Pacific corporate
finance division of Horwath Leebosh Appel LLP, which provides financial advisory
services to Chinese, Hong Kong and other Pacific Rim entities.


In connection with this appointment of Sam Y.C. Kwan as Chief Financial Officer,
the Company's Board of Directors ("the Board") has approved a consulting
agreement entitling Mr. Kwan to an annual base salary of $80,000 ($6,667 per
month) plus $9,600 ($800 per month) in housing allowances, and a signing bonus
of 250,000 share purchase options of the Company exercisable at a price of $0.10
per share for five years from the date of grant.


The Board has also appointed Mr. John H. Wong (President and Chief Executive
Officer) as a director to fill a vacancy and bring the total appointed directors
to six.


Mr. John H. Wong holds a Bachelor's degree in Finance and a Master of Business
Administration. Mr. Wong has accumulated over twenty years of international
experience in diversified investment projects in Europe, America, Asia and
Africa. He has been involved in feasibility studies, management, marketing and
financial control in various industries and his diverse worldwide investment
experience strengthens his global view and analytical abilities. Mr. Wong is a
director of the TSX-V listed company Kam & Ronson Media Group Inc., President of
SinoCan Capital Inc. and CEO of Horwath Leebosh Global Advisors Inc.


In connection with Mr. Wong's previously announced appointment on July 29, 2011,
as President and Chief Executive Officer, the Board has approved a consulting
agreement entitling Mr. Wong to an annual base salary of $120,000 ($10,000 per
month) and a signing bonus of 375,000 share purchase options of the Company
exercisable at a price of $0.10 per share for five years from the date of grant.


The Board has also approved a directors' compensation program entitling each
non-executive director of the Company (other than the Chairman of the Board) to
annual director retainer fees of $12,000 ($1,000 per month). In addition, each
director (other than the Chairman of the Board) will be granted of 250,000 share
purchase options of the Company exercisable at a price of $0.10 per share for
five years from the date of issuance ("Director's Options"). The Chairman of the
Board will be entitled to annual director retainer fees of $24,000 ($2,000 per
month) and a grant of 375,000 share purchase options of the Company exercisable
at a price of $0.10 per share for five years from the date of issuance. 


As both John H. Wong and Sam Y.C. Kwan are officers of the Company who also act
as directors, they will not be entitled to director retainer fees, but will be
entitled to Director's Options. 


In addition, the Board has approved a grant of 250,000 share purchase options of
the Company exercisable at a price of $0.10 per share for two years from the
date of grant to each director of the Company (other than the Chairman of the
Board and John H. Wong, a director and the Chief Executive Officer), and a grant
of 375,000 share purchase options of the Company exercisable at a price of $0.10
per share for two years from the date of grant to the Chairman of the Board and
to John H. Wong. All of these options will vest upon the validation of Financial
and Technical Assistance Agreements of the Company relating to certain
properties in the Philippines which are currently the subject of a dispute as
disclosed in the Company's press release of April 19, 2011 (the "Validation") if
such Validation is obtained within one year of the option grant. If the
Validation is not obtained within one year of the option grant, one-half of the
options granted will expire after one year from the option grant. The remaining
options will either vest upon the Validation if the Validation is obtained
within two years of the option grant, or expire two years from the date of grant
if the Validation has not been obtained by that time.


All share purchase options granted have been granted under the Company's stock
option plan under which 10% of the Company's issued and outstanding shares are
reserved for issuance under the plan. 


Head Office Relocation

Effective October 1, 2011, the Company's corporate head office was relocated to
Richmond Hill, Ontario:


30 Wertheim Court, Unit 10 East Office 

Richmond Hill, Ontario 

Canada L4B 1B9

Financial Results

MBMI has completed and filed its interim Financial Statements and Management
Discussion and Analysis for the period ended July 31, 2011.


Full results may be found at www.sedar.com or the Company's website.

ON BEHALF OF THE BOARD OF DIRECTORS

John H. Wong, President and C.E.O.
Mbmi Resources Inc. (TSXV:MBR)
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