Vancouver, B.C., May 26, 2011 - MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX-V: MBR) reports that further to the news release of April 19, 2011 in which the company announced the decision (the "Decision") by the Office of the President of the Philippines cancelling the Financial and Technical Assistance Agreements ("FTAAs"), the Company wishes to provide an update on corporate and operational activities.

The Company has the right to exhaust all legal efforts to reverse the Executive Secretary's Order (the "Order") and has officially filed a Motion for Reconsideration (the "Motion") with the Office of the President. Should the Motion be denied, the company may then appeal the Order in the Court of Appeals. If all efforts are exhausted within the Court of Appeals, the Company may then appeal in the Supreme Court of the Philippines.

The FTAA, a contract between the Philippine Government and MBMI's affiliates, has a defined procedure for resolving disputes in the international venue which is currently being evaluated by the Company's legal counsel. During the appeal process the Company is entitled to operate on a business as usual basis. However, in light of the Decision, the Company immediately put the following action plan in place:

1. Suspended exploration programs related to the Alpha property and has curtailed and/or terminated all unnecessary expenditures;

2. Retained major legal firms in both Canada and the Philippines;

3. Commenced legal action in the Philippines in accordance with Philippine legal procedures where a Motion For Reconsideration was filed;

4. Commenced discussions with various stakeholders and interest groups to assist with the legal process;

You can also view this News Release on our website at:
http://www.mbmiresources.com/s/NewsReleases.asp?ReportID=459188