Morumbi Resources Inc. Reports on Positive Developments on Bougainville Regarding Mining Policy

--  Bougainville Executive Council affirms that mineral rights on
    Bougainville belong to the customary landowners in line with the
    requirements of Section 23 of the Bougainville Constitution and that the
    role of the Government is limited to that of a custodian



Morumbi Resources Inc. (TSX VENTURE:MOC) ("Morumbi" or the "Company") is pleased
to report positive developments on Bougainville with respect to the formulation
of mining policy. A Bougainville mining policy is a condition precedent under
the 2004 Bougainville Constitution in order to demonstrate Administrative
Capacity for the drawdown of full powers over mining to the Autonomous
Bougainville Government ("ABG") from Papua New Guinea. This process is a prelude
to lifting the moratorium over mining on the island and the issuing of
exploration licences.


After months of stalemate on the island with respect to the core issue of
mineral ownership, the Bougainville Executive Council (ABG Cabinet) ("BEC") on
June 11, 2013 accepted and formally endorsed the recommendations of the joint
ABG and Bougainville Resource Owners Representative Committee ("BRORC")
technical teams in a briefing to the BEC - that the true intentions and meaning
of Section 23, is to be implemented - to return the ownership of minerals to the
customary landowners as required under the Bougainville Constitution.


The BEC has fully endorsed the work in progress between the stakeholders, and
has subsequently given drafting instructions for the new Mining Act to be
formulated. The President is insistent that the process be expedited and that
the September sitting of the House be targeted for a Bill to be ready. In the
event that the Bill is ready beforehand, the President indicated that a Special
Sitting of the House could be called.


Reproduced is a report by News Content (C) Radio New Zealand International:

Bougainville's Momis says talks with former army leader going well

Posted at 19:01 on 10 June, 2013 UTC

The President of the autonomous Papua New Guinea province of Bougainville, John
Momis, says good progress is being made in talks with the former leader of the
Bougainville Revolutionary Army, Sam Kauona.


Earlier this year Mr. Kauona was strongly critical of the government's planned
mining legislation, suggesting it was being written by an Australian academic,
and local Bougainvilleans had no input.


Mr. Momis has stressed Bougainvilleans will have a say and will play leading
roles in the sector.


He says both men have since been meeting to talk and discuss the issues.

"And in a spirit of collaboration and spirit of reaching an agreement that will
get Bougainville on its feet again we have come a long way, in fact, we met
again today (Monday (June 10)) and tomorrow (Tues (June 11)) we will continue. I
am very happy with the progress we are making."


In a subsequent statement Sam Kauona said; 'I and other stakeholders salute the
President for showing great leadership by listening to the concerns of the
resource owners and Bougainvilleans generally, and for directing that resource
owners, ex-combatants and Bougainvilleans be represented to provide direct input
and participation in the drafting of the Mining Policy and Mining Act. We are
fortunate to have Ezekiel Masatt to head up our technical team." 


About Morumbi Resources Inc.

Morumbi is a public company with early stage mineral exploration licences in
PNG. Morumbi is also currently evaluating resource opportunities on the
Autonomous Island of 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 current moratorium is lifted and
licences may be 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.
Chris Buncic
President & CEO
416-366-4200
[e-mail]
www.morumbi.ca