MBMI Reports on Annual General Meeting

   MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE: MBR) reports that pursuant to the Annual General Meeting ("AGM") held July 28, 2010, shareholders have voted in favour of all management resolutions proposed in the Management Information Circular. The seven members elected to the Board of Directors include: Michael T. Mason, John F. Cook, David G. Tafel, Kenneth A. Cawkell, John Seaman, Christopher A. Serin, and Hermes Dichosa. Subsequent to the AGM, the Board of Directors appointed the following officers: Michael Mason as President and C.E.O.; David Tafel as V.P. Corporate Development; Adrian Rothwell as C.F.O., and Kenneth Cawkell as Corporate Secretary.

Corporate Profile

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

Further Information

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

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: MBMI Resources Inc. Investor Relations [phone] or Toll Free: 1-877-399-1991 [phone] (FAX) [e-mail] www.mbmiresources.com