MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) is pleased to
report that its Philippine partners have received a favourable ruling from their
appeal to the Mines Adjudication Board ("MAB") of the Philippines Department of
Environment and Natural Resources ("DENR") related to the Alpha Property,
Bethlehem Property, and the two Rio Tuba Properties all located in the Province
of Palawan.


The MAB ruling overturns a "status quo order" issued previously by a regional
Panel Of Arbitrators in 2007 (see news release November 27 2007) pursuant to a
challenge initiated by a 'shell company' known as Redmont Consolidated Mines
Corp ("Redmont"). The Company and its Philippine legal counsel maintained that
this challenge had no legal merit and was an attempt by Redmont and its backers
to illegally gain an interest in these projects.


"The MAB decision removes the major hurdle that has delayed processing of the
projects' full scale mine applications and is a positive step forward for the
Philippine mining industry not only from a local prospective but also
internationally. It will pave the way for the eventual development of
down-stream metallurgical processing facilities in the Philippines which will
benefit the Philippines mining industry as a whole," said Michael Mason,
President and Director of MBMI.


Redmont and its backers had alleged in its Petition filed with the Panel Of
Arbitrators in 2007, that Narra Nickel Mining and Development Corp. (Alpha
property) McArther Mining Inc. (Rio Tuba properties) and Tesoro Mining Inc.
(Bethlehem property) were not Filippino corporations and as a result were not
entitled to apply for MPSA or FTAA permits for their properties.


MBMI and its Philippine partners sought the advice of Philippine legal counsel
in structuring their corporate holdings to ensure they were at all times
compliant with Philippine law. The Mines Adjudication Board in its order,
reversed and set aside the Panel of Arbitrators decision and the MAB dismissed
the Petition filed by Redmont and its backers. This ruling validates the
Philippine corporate ownership structure of MBMI and its Philippine partners and
confirms this structure is consistent with accepted practice in the Philippines
and is in compliance with the requirements of Philippine law.


The MAB in their order stated that: "The Board is satisfied that the Appellants
have adduced sufficient evidence to prove that they are Filipino corporations.
The Board does not concur with the Panel's conclusion that the said corporations
failed the so called "control test", simply because MBMI Resources, Inc., a
Canadian corporation and common stockholder of the Appellants, holds "the
controlling interest in respondent companies" and hence "is the sole entity that
stands to benefit most from MPSA application of the respondent Filipino
companies". The MAB went on to state that "It is worth mentioning in this regard
that the Securities and Exchange Commission (SEC) had previously rendered an
Opinion- SEC Opinion 03-03-1998, where it ruled that it is the outstanding
capital stock, and not the paid-up capital, that should be used as the basis for
determining the nationality of corporations. Neither is the Board impressed with
the Panel's convoluted and long-winded discussion of the "control test". A
cursory perusal of the assailed Resolution would indicate that the Panel had
neglected or omitted to cite legal provisions, statutory principles or
jurisprudence in support of its conclusions. Instead, it is readily apparent
that the Panel had indulged in unwarranted conjectures and dubious inferences,
which hardly inspires confidence in the Panel's ability to competently resolve
the dispute."


Mr. Jose P. Leviste, Vice-Chairman of Narra Nickel, McArther Mining and Tesoro
Mining, the operator of the projects, stated, "We are pleased that this
interference in our efforts to develop a local resource which has the support of
the people and government of Palawan has been stopped and that the attempted
claim jumping by Redmont and its backers has been rejected. This project has
brought significant tangible benefits to the people of Palawan to date and with
MBMI's support we anticipate this continuing well into the future."


The Company's Philippine partners were granted Small Scale Mining Operating
permits for the Alpha nickel property in Narra, Philippines which have enabled
the evaluation, extraction, testing, and sales of nickel raw materials to Asian
industrial consumers. The Full Scale Mine Applications related to the Alpha
property and three other Palawan nickel projects are advancing through an
approval process within the Philippine Department of Environment and Natural
Resources (DENR) and once granted would allow for full-scale commercial
production.


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 control eight 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. At this time the Company
has not yet established NI 43-101 compliant mineral resources or mineral
reserves that would support a commercial mining operation.


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