MBMI Closes $1,314,000 Private Placement

MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) reports that
further to its April 12, 2010 news release, it has closed the non-brokered
Private Placement financing and the Company has received gross proceeds of
$1,314,000 in consideration of the issuance of 6,570,000 Units at a price of
$0.20 per Unit.


Each Unit consists of one Common Share and one full Common Share Purchase
Warrant. Each full Warrant entitles the holder to purchase one Common Share at a
price of $0.30 and has an expiry period of three years. The Common Shares are
subject to four month hold periods expiring in August, 2010.


The net proceeds of this financing shall be used for the exploration and
development of MBMI's Philippine nickel mineral properties and for general
corporate purposes. Total finders' fees of $83,230 and 448,000 broker warrants
having the same terms as the investors have been paid in connection with this
financing.


MBMI Resources Inc. is a Canadian-based mining company focused on the
exploration and development of nickel mineral properties in the Philippines.
MBMI and its Philippine partners have an interest in nine nickel laterite
projects in the Philippines, covering an area greater than 22,000 hectares.
MBMI's objective is to become a major supplier of high-grade nickel products to
primary industrial consumers in Asia. 


ON BEHALF OF THE BOARD OF DIRECTORS

David G. Tafel, V.P. Corporate Development and Director

This news release may contain forward-looking information including but not
limited to comments regarding the timing and content of upcoming financings,
work programs, geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking information includes disclosure
regarding possible future events, or conditions or results of operations that is
based on assumptions about future economic conditions and courses of action, and
therefore, involves inherent risks and uncertainties. Although management has a
reasonable basis for the conclusions drawn, actual results may differ materially
from those currently anticipated in such statements.