Morumbi Resources Closes Private Placement

Morumbi Resources Inc. (TSX VENTURE:MOC) ("Morumbi" or the "Company") is pleased
to announce that it has closed a non-brokered private placement offering (the
"Offering") for gross proceeds of $1,005,099.55. The Company issued 2,871,713
units (each a "Unit"), at a price of $0.35 per Unit. Each Unit consists of one
common share of the Company ("Common Share") and one common share purchase
warrant (each a "Warrant"). Each Warrant entitles the holder thereof to acquire
one Common Share of the Company at a price of $0.45 until November 20, 2014,
subject to earlier exercise in accordance with the terms thereof.


In connection with the Offering, the Company paid $69,508 in cash fees and also
issued 198,594 finder warrants (the "Finder Warrants") to three eligible arm's
length persons. Each Finder Warrant entitles the holder thereof to acquire one
Unit of the Company at a price of $0.35 per Unit until November 20, 2014.


All securities issued pursuant to the Offering, including the Common Shares and
Warrants underlying the Units, the Common Shares underlying the Warrants, the
Finder Warrants and the Common Shares and Warrants underlying the Finder
Warrants are subject to a four (4) month and one (1) day statutory hold
commencing from closing. The Offering is subject to TSX Venture Exchange
acceptance of requisite regulatory filings. The proceeds raised from the
Offering will be used for general working capital.


About Morumbi

Morumbi Resources Inc. is a public company with early stage mineral exploration
licences in PNG. Morumbi is also currently evaluating resource opportunities in
Bougainville, PNG by forming strategic relationships with local landowner
companies with the view to securing mineral exploration licences on their
traditional lands, if and when the moratorium is lifted and licences are
granted. It also has a legacy light oil property in northwest Alberta. The
Company trades on the TSX Venture Exchange under the symbol "MOC". For more
information about Morumbi and the Company's plans visit our website at
www.morumbi.ca.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Morumbi Resources Inc.
Lindsay Semple
Chief Executive Officer
[phone]
[e-mail]
www.morumbi.ca