MBMI Announces Proposed Share Consolidation

MBMI RESOURCES INC. (the "Company") (TSX VENTURE:MBR) announces a proposed
consolidation of the Company's common shares (the "Common Shares") on a ten (10)
to one (1) basis, whereby one (1) new Common Share would be issued for every ten
(10) pre- consolidation Common Shares issued and outstanding, or such lesser
number of Common Shares as may be determined by the Board of Directors of the
Company and as may be required to obtain approval of the share consolidation
from the TSX Venture Exchange. The Company believes that the completion of a
share consolidation would facilitate future financings by the Company, as these
may be accomplished through the issuance of additional Common Shares. The
Company currently has 181,657,658 Common Shares outstanding. If the share
consolidation is completed on a ten (10) to one (1) basis, the Company would
have approximately 18,165,765 Common Shares outstanding, post-consolidation. The
proposed share consolidation is subject to the approval of the Company's
shareholders and regulatory authorities, including the TSX Venture Exchange. 


A special meeting of the shareholders of the Company has been scheduled for
Wednesday, May 2, 2012 (the "Meeting"), to consider, and if deemed advisable, to
approve the share consolidation, among other things. The Company has not
proposed a change of its corporate name in conjunction with the share
consolidation.


Further information regarding the share consolidation and other matters to be
acted upon at the Meeting may be found in the Company's management information
circular dated April 4, 2012, which is accessible on SEDAR at www.sedar.com.


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


Cautionary Statement:

No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.


The foregoing information may contain forward-looking statements relating to the
future performance of MBMI Resources Inc. 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. MBMI Resources Inc. does not
assume any obligation to update or revise its forward-looking statements,
whether as a result of new information, future events or otherwise.