MBR Mbmi Resources Inc.

MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) reports that it
has completed and filed its 2010 audited Financial Statements and its Management
Discussion and Analysis for the comparative year ended January 31, 2010. The
Company recorded a comprehensive loss for the year ended January 31, 2010 of
$2,224,880 ($0.02 per share), compared with $7,842,450 ($0.10 per share) for
2009.


The decrease in comprehensive loss is mostly due to rationalization of
administration, project consulting and communications. Head office management
accepted a 50% reduction in remuneration and a reduction in development
activities, travel costs and lower stock based compensation contributed to this
decrease. Costs associated with mineral exploration and acquisitions decreased
year over year due to the reduction of exploration activities on the Alpha
property. Development activities were kept to a minimum as the Company awaited
the grant of an FTAA permit on this property.


Included in the 2010 year-end audited financial statements, the Company restated
its consolidated balance sheet as at January 31, 2009 to reclassify certain
property, plant and equipment of $1,527,417, previously included in mineral
properties and deferred exploration costs. As the amortization of these assets
is capitalized to mineral properties and deferred exploration costs, the
reclassification did not result in any changes to the consolidated statements of
operations and comprehensive loss and shareholders' equity for the years ended
January 31, 2010 and 2009.


Full financial results may be found at www.sedar.com or the Company's website.

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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