MBMI Announces Philippines Court Decision on FTAA

MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) announces that
the Fifth Division of the Court of Appeals in Manila, Republic of the
Philippines has issued a decision (the "Decision") in response to an appeal by
the petitioners Narra Nickel Mining and Development Corporation, Tesoro Mining
and Development, Inc., and McArthur Mining, Inc. (subsidiaries of MBMI) of a
decision dated April 6, 2011 and a resolution dated July 6, 2011 rendered by the
Office of the President of the Philippines in OP case No. 1-E-229, which ordered
the cancellation and/or revocation of the FTAA (as defined below) between the
Republic of the Philippines and the petitioners. The Decision affirmed the April
6, 2011 and July 6, 2011 decisions of the Office of the President of the
Philippines.


The background to the case is as follows. On April 5, 2010, a Financial or
Technical Assistance Agreement ("FTAA") was issued in the name of Narra Nickel
Mining and Development Corporation, Tesoro Mining and Development, Inc., and
McArthur Mining, Inc. for the purpose of large scale exploration, development
and commercial exploration of possible mineral resources in an initial contract
area over the municipalities of Rizal, Bataraz, and Narra in Palawan,
Philippines. On May 7, 2010, Redmont Consolidated Mines Corporation filed a
petition for cancellation and revocation of the FTAA issued. The petition
resulted in the decision dated April 6, 2011 and resolution dated July 6, 2011,
rendered by the Office of the President of the Philippines which ordered the
cancellation and/or revocation of the FTAA. The cancellation/revocation of the
FTAA was initially disclosed in the Company's press release of April 19, 2011.


The Decision is significant as the FTAAs are necessary for MBMI to explore and
develop its primary property in Palawan, Philippines.


MBMI believes that the Decision is not consistent with the prevailing law and
jurisprudence. MBMI intends to file a Motion for Reconsideration before the
Court of Appeals. If there is an adverse decision to the Motion for
Reconsideration, it is anticipated that the matter would be ultimately brought
before the Supreme Court. Obtaining a successful outcome at the Court of Appeals
and/or the Supreme Court is critical to MBMI's activities on its Rizal, Bataraz
and Narra properties in Palawan, Philippines.


For further information relating to the Company or this release, please refer to
the Company's website at www.mbmiresources.com. 


Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the
future performance of the Company. Forward-looking statements, specifically
those concerning future performance, are subject to certain risks and
uncertainties, and actual results may differ materially from the Company's plans
and expectations. These plans, expectations, risks and uncertainties are
detailed herein and from time to time in the filings made by the Company with
the TSX Venture Exchange and securities regulators. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as a
result of new information, future events or otherwise.