MBR Mbmi Resources Inc.

MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) is pleased to
report on the fiscal year financial period ended January 31, 2009, filed today.
Full financial results may be found at www.sedar.com or the Company's website. A
summary of the financial statements and highlights of the period and subsequent
events are as follows:


Highlights

- Approximately 118,000 Dry Metric Tonnes ("DMT") of nickel material with an
average grade of 1.86% Ni and 18.5% Fe shipped during the period for proceeds of
approximately $8.8 million;


- Small-Scale Mine Operating Permits ("SSMO") extended, enabling 200,000
additional DMT to be shipped by September 2010, from the Alpha property;


- Sales agreements executed with Asian industrial consumers for the purchase of
raw nickel bearing material for delivery in 2009;


- Current finished nickel material inventory of 50,128 DMT with an average grade
of 1.49% Ni and 19.0% Fe in Alpha coastal stockpile;


- Finalized independent National Instrument 43-101 ("NI 43-101") resource
estimate of nickel bearing resources within the SSMO permitted areas on Alpha
property.


- The Company's proportionate cash flow share from nickel material sales of
approximately $5.1 million continued to fund development activities.


Investment in Mineral Exploration and Development

The Company's share of total expenditures on mineral properties during the year
ended January 31, 2009 was $9,398,415. Overall, exploration costs paid in the
year are consistent with maintenance of the Alpha property permits, drilling on
the Alpha property, assaying and operation of the lab, as well as consulting
fees and wages for site personnel. Exploration costs also include the
development of an excavation pit, hauling to the stockyard of mineralized nickel
material, as well as crushing, drying, blending and sorting operations necessary
for direct shipment operations. Revenues of $5,102,390 in respect of the
Company's shipments of nickel laterite material were deducted from mineral
properties and deferred exploration costs, leaving a net increase in deferred
costs of $4,296,025.


During the previous year, nickel laterite material excavation commenced, the
causeway, consisting of the dock facility and pier, and the road to the
excavation site was completed and is currently undergoing improvements. The
Company made its first shipment during the previous year and has made additional
shipments since. The Company's focus in the immediate term is the attainment of
a Financial and Technical Assistance Agreement ("FTAA") permit (application
having been made by the Company's joint venture partner, Narra Nickel Mining
Development Corp.), which once granted, will allow the company to make
additional capital investment and expand operations.


In September 2008, two (2) of the three (3) SSMO permits were renewed, thus
allowing the Company to extract a further 200,000 DMT over the two year life of
the permits.


During the year, management commissioned an independent NI 43-101 compliant
technical report on the nickel bearing resources within the 60 hectare SSMO
permitted area of the 3,200 hectare Alpha property. The report confirmed the
validity of the historical drilling data that has been compiled on the Alpha
property. Further exploration beyond the restrictive (SSMO) areas will be
conducted upon the issuance of additional exploration permits. The full report
filed in May 2009, may be found at www.sedar.com or the Company's website.


Results from the small-scale nickel material shipments have assisted the Company
in moving toward the permitting and development of a potential full-scale
operation pursuant to an FTAA and conforming to best global environmental
standards and Philippine law. The Alpha project has received strong local
community support and the project has been endorsed by the provincial Palawan
Council for Sustainable Development.


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

Michael T. Mason, President 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.

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