MBR Mbmi Resources Inc.

MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) reports that
further to its December 10, 2008 news release, it has closed the first and
second tranche of the non-brokered Private Placement financing. The Company has
received gross proceeds of $198,400 in consideration of the issuance of
3,968,000 Units at a price of $0.05 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 $0.10 and has an expiry period
of two years. The Common Shares are subject to a four month hold which expires
in April 2009.


The net proceeds shall be used for exploration and development of the Company's
Philippine nickel mineral properties, and for general corporate purposes.


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

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