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 partners control 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 material to primary industrial consumers in Asia.

1. MBMI RESOURCES INC. COMPANY PROFILE
PHOTO GALLERY

2.
2

3.
MBMI RESOURCES INC. COMPANY 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 partners control 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 material to primary industrial consumers in Asia.
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
In June of 2010 the Company announced the approval of a consolidated Financial and Technical Assis-
tance Agreement (FTAA) with the Philippine Government which allows large-scale exploration, devel-
opment and utilization of minerals on the four (4) properties on Palawan, Philippines.
Projects’ Overview
All of MBMI's properties are located in the Philippines and are within the known nickel geological trends
that contain and/or produce raw nickel materials. Each of the properties has had historic exploration ac-
tivity which has confirmed the presence of nickel mineralization.
The Company is focused on identifying and developing high-grade nickel zones which can support Direct
Shipping Operations ("DSO"). Under DSO, nickel laterite material is excavated and the resultant product
is segregated according to grade. The material is then air dried to reduce the moisture content and
blended to meet customer specifications. The blended material is then loaded on barges for transfer to
ocean-going bulk ore freighters for sale to nickel processing plants. The material is sold for a percentage
of the nickel price as stated by the London Metal Exchange ("LME").
4

4.
ALPHA
The most advanced project in the Company's portfolio, the Alpha Project is located in the central region
of the island Province of Palawan approximately 660km southwest of the Philippine capital of Manila.
Drilling and exploration was conducted during the 1970's by Pacific Metals Company (Pamco) of Japan,
Olympic Mining and Development Corp. and its affiliates, and in 2001 by BHP Billiton's Queensland
Nickel Pty Ltd. of Australia. Evaluation of historic drill results and geological data on the Alpha property
has allowed MBMI'S Philippine partners to identify primary drilling and excavation targets.
The Company's Philippine partners have been granted three Small Scale Mining Operating permits for the
Alpha nickel property which allow for the extraction of up to 150,000 dry metric tonnes of nickel bearing
material per year. All necessary permits have been granted in respect to the Small Scale Mining Opera-
tions and MBMI, through its Philippine partner Narra Nickel Development Corporation, is currently ex-
cavating, stockpiling and shipping mineralized nickel laterite material for sale to Asian consumers.
Construction and development of operational infrastructure commenced in April, 2007. An initial seven
kilometre long road from the excavation site down to the stockyard area on the coast was completed in
July, 2007, and an area greater than forty hectares in size was prepared adjacent to the completed port
facility to allow for the sorting, drying and stockpiling of nickel material. An extension to the coastal port
causeway added a 265 metre pier complete with a thirty metre turnaround to accommodate the simulta-
neous loading of up to three large material handling barges. The Alpha compound also includes an opera-
tions base with administration office complex, sample preparation and assay laboratory, screening and
crushing facilities as well as a nursery for Environmental Impact Assessment rehabilitation purposes.
To date, the Company has shipped and sold nickel material at an average grade of 1.85% nickel to Asian
consumers. Additional nickel bearing material has been excavated from the Alpha property and is cur-
rently being dried and sorted at the coastal Stockyard. In April, 2009 the Company received and filed a
National Instrument 43-101 (NI 43-101) resource estimate for the property.
In June of 2010 the Company announced the approval of a Financial and Technical Assistance Agree-
ment (FTAA) with the Philippine Government which allows large-scale exploration, development and
utilization of minerals on the property for a term of 25 years (renewable for additional 25 years).
BETHELEM
Located near the Alpha property, the Bethlehem nickel project comprises an area of 3,402 hectares in the
municipality of Narra; approximately 99 kilometres southwest of Puerto Princessa city on the Philippine
island of Palawan. The Bethlehem property has been the target of exploration by a number of companies
since the 1970's, including BHP Billiton's Queensland Nickel Pty Ltd. in 2001. MBMI entered into a joint
venture with Olympic Mines and Development Corporation in 2004, and in 2006 completed a resource
inventory that confirmed mineralization trends. The Company is currently working on an initial resource
estimate for the property.
In June of 2010 the Company announced the approval of a Financial and Technical Assistance Agree-
ment (FTAA) with the Philippine Government which allows large-scale exploration, development and
utilization of minerals on the property for a term of 25 years (renewable for additional 25 years).
5

5.
RIO TUBA
Located on the southerly portion of the island of Palawan, the Malatgao and Northern Rio Tuba proper-
ties (collectively the Rio Tuba project) cover an area in excess of 8,900 hectares.
Rio Tuba is a joint venture between MBMI and Olympic Mines and Development Corporation. The
properties are contiguous to Sumitomo Metal Mining Co. Ltd's recently commissioned "Coral Bay"
Ferro-nickel project which has mined and shipped nickel material for over twenty-five years. Permitting
and exploration is focused on the potential for Direct Shipping nickel laterite material from these proper-
ties. Mine planning and engineering evaluations are in progress and drill targets have been identified.
In June of 2010 the Company announced the approval of a Financial and Technical Assistance Agree-
ment (FTAA) with the Philippine Government which allows large-scale exploration, development and
utilization of minerals on both properties for a term of 25 years (renewable for additional 25 years).
DINAGAT ISLAND
The Dinagat Island project provides MBMI Resources with an opportunity to assume an alternate role in
the production process. The Company has entered into a long-term Purchase Agreement for mineral ma-
terials produced from the property, and in return will provide financial and technical services as well as
marketing and transaction services with respect to the liquidation of the mineral products produced. In
addition, MBMI will provide pre-export financing for the project which will be secured by the nickel
product stockpiles from the property. The agreement term is for the life of the exploration, development,
and utilization of the property.
The counterparty to this agreement holds a Mineral Production Sharing Agreement (MPSA) located
within the Philippine Government designated Surigao Mineral Reservation and is at an advanced stage in
the approval process for all required permits to commence excavation.
SAMAR
MBMI has the right to earn up to a 92% interest in four advanced exploration nickel projects encompass-
ing 10,150 hectares located in the southeastern region of the island of Samar, Philippines.
These four projects have historic (non NI 43-101 compliant) resource estimates and will be the subject of
future exploration programs. Location and existent infrastructure in the project area would require up-
grades to facilitate ground access should the projects return successful results from initial drilling explora-
tion.
Corporate Management
Michael T. Mason (B.Sc., MBA)
Position: President & Director
As a managing Partner of Mineral Services, LLC. Mr. Mason 35 years experience of marketing precious &
base metals, specialist in risk management, off-take agreements & international trading; recent Consultant
to North Ltd., BHP, Phelps Dodge Corp., Western Mining Company Ltd., Apex Silver and other major
mining companies.
6

6.
David G. Tafel (B.A., Econ)
Position: V.P. Corporate Development & Director
Mr. Tafel contributes 20 years of corporate management, strategic planning, administration and financial
services experience to the MBMI Resources team. Mr. Tafel has managed private investment funds as an
investment advisor for a major Canadian investment firm, and is currently President of a corporate advi-
sory services firm offering strategic planning services and administrative guidance for emerging public
corporations. Member of the Audit Committee. Mr. Tafel is also a President & director of Garson Gold
Corp.
Kenneth A. Cawkell (B.A.,LLB)
Position: Secretary & Director
Mr. Cawkell is a member of the Alberta and British Columbia Bar Associations and has over 25 years of
experience in both public and private venture capital markets. He co-founded Cawkell Brodie Glaister
LLP Business Lawyers in 1987, where he acts as a managing partner. Throughout his career, Mr. Cawkell
has veen extensively involved in all aspects of corporate structuring, finance and securities law. He is an
investor in and founder of a number of private companies where he has held executive management posi-
tions, and currently sits on the board of a number of private and public companies. He is a member of
the Securities Law Advisory Committee to the BC Securities Commission. Member of the Audit Commit-
tee.
John F. Cook (P.Eng.)*
Position: Director
A Professional Mining Engineer, Mr. Cook has more than 40 years of extensive experience in all facets of
mining development, operations and management. Currently, he serves as Chairman of Wolfden Re-
sources Inc., Anaconda Gold Corporation and Castlerock Resources, and as a non-executive Director
with GLR Resources Inc. Past positions include Senior Mining and Managing Consultant of RTZ Con-
sultants Ltd.; Senior Project Manager, General Manager and V.P. Engineering of Lac Minerals Ltd.; and
V.P. Operations of GoldCorp Inc.
Christopher A. Serin (M.B.A., P.Eng)
Position: Director
Mr.Serin is a mining engineer who has more than 30 years international financial and corporate manage-
ment experience mainly involved in natural resources projects. He was CFO of Royal Oak Mines from
1990 to 1994 when annual productive capacity increased from 200,000 to 500,000 ounces of gold. Mr.
Serin was also responsible for the formation of Ouromias Minerals Inc.
Hermes Dichosa
Position: Director
Director and In-house Counsel to MBMI's Philippine subsidiary Narra Nickel Mining and Development
Corp since October 2005. From June 2003 to October 2005 Mr. Dichosa was an Administrative Officer
at San Beda College, Manila, Philippines. Mr. Dichosa holds a Graduate degree of Bachelor of laws and
7

7.
an AB Philosophy. He is a member of Integrated Bar of the Philippines and has twenty years of experi-
ence in mining and mineral processing.
John Seaman
Position: Director
Mr. Seaman has served as the Chief Financial Officer of Pediment Exploration Ltd., a mining exploration
company, since April 2007, as the Chief Financial Officer and Director of Premier Goldmines Limited, a
mineral exploration company, since May 29, 2006 and is also the Controller for Apex Investigation &
Security Inc. (private security firm) since 1992. From October 1, 2002 to May 11, 2007, Mr. Seaman
served as the Chief Financial Officer and Director of Wolfden Resources Inc., a mineral exploration and
development company. In addition Mr. Seaman sits on the Board of Directors of Rolling Rock Re-
sources, Valor Resources, and Skybridge Development Corp.
Adrian Rothwell (CA, B.Econ.)
Position: Chief Financial Officer
Mr. Rothwell has been providing financial consulting, management and controllership services to the
mining industry since 1995. He has previously acted as a financial consultant to a number of other pub-
licly-traded companies. As a Chartered Accountant he offers many years of professional accounting, pub-
lic practice, and industry specific expertise. Mr. Rothwell is a member of the Institute of Chartered Ac-
countants of British Columbia, Canada and the Institute of Chartered Accountants of Australia.
Lloyd Jacobs
Position: Manager, Corporate Communications
Mr. Jacobs graduated from the British Columbia Institute of Technology with a specialization in Market-
ing Management and Communications. Mr. Jacobs has had a successful career in both private and pub-
licly traded companies, and prior to his appointment at MBMI developed and maintained the investor
relations functions for a small cap U.S. mining and exploration company.
Philippine Management
Jose P. Leviste Jr.
Position: Vice Chairman of MBMI Philippines
Manuel Agcaoili
Position: Country Manager & Director, Narra Nickel
Reuben (Benji) Macolor
Position: C.O.O., Narra Nickel
Steve Shieldkret
Position: V.P of Marketing (Logistics/shipping/sales)
Frank Pastorino
8

8.
Position: V.P of Development (MBMI Philippines)
* is a qualified person under National Instrument 43-101
Corporate Directory
Corporate Address: MBMI Resources Inc.
Email: info@mbmiresources.com
Address: Suite 322, 470 Granville Street
Vancouver, BC
Canada V6C 1V5
Telephone: 604-683-1991
Fax: 604-683-8544
Toll Free: 1-877-399-1991
Auditor: Grant Thornton LLP, Chartered Accountants
Address: Suite 1600, 333 Seymour Street
Vancouver, BC
Canada V6B 0A4
Telephone: 604-687-2711
Legal Counsel: Cawkell, Brodie & Glaister
Address: Suite 1260 - 1188 West Georgia Street
Vancouver, BC
Canada V6E 4A2
Philippine Legal Counsel: Tolosa Romulo Agabin & Flores Law Offices
Address: 8th Floor, GMA Lou-Bel Plaza
Chino Roces Ave. cor. Bagtikan St
San Antonio Village, Makati City
Metro Manila, Philippines
Transfer Agent: Computershare Investor Services
Address: 2nd Floor -- 510 Burrard Street
Vancouver, BC
Canada V6C 3B9
Toll Free: 1-800-564-6253
Community
MBMI and its Philippine partners are committed to funding and advancing initiatives to enhance conser-
vation and community development. Responsible mining practices to minimize environmental and social
impacts are primary objectives for the Company.
9

9.
Contributing to meaningful projects such as the tree and seedling nursery located adjacent to the Alpha
nickel project in Narra, Palawan, is important to the Company. Since its initiation, the nursery has pro-
vided local inhabitants with cash crop seedlings and land management educational programs that assist in
supplementing the Philippine government's regional vegetation program.
The Company is also committed to increasing employee wellness and has initiated the development of a
number of local recreational facilities in the municipality of Narra.
Programs such as these, combined with direct employment of in excess of 500 skilled and manual local
Philippine labourers, have enabled MBMI and its Philippine partners to provide a balanced program of
responsible mining with respect to the economic and social development of the surrounding communi-
ties.
CODE OF BUSINESS CONDUCT AND ETHICS
MBMI RESOURCES INC.
CODE OF ETHICS AND CONDUCT
FOR DIRECTORS, OFFICERS AND EMPLOYEES
INTRODUCTION
MBMI Resources Inc. ("MBMI or the Company") is committed to conducting its business in accordance
with applicable laws, rules and regulations, and the highest standards of business ethics.
This Code of Ethics applies to all directors, officers and employees of the Company (collectively referred
to as the "Employees") and sets forth specific policies to guide you in the performance of your duties.
CODE OF ETHICS and CONDUCT
It is the policy of the Company that the Employees observe the highest standards of business and per-
sonal ethics in the conduct of their duties and responsibilities. Employees must practice honesty and in-
tegrity in every aspect of dealing with other Company employees, the public, the business community,
stockholders, customers, suppliers and governmental authorities. The Employees will abide by this Code
of Ethics (the "Code") and will adhere to the following ethical principles:
1. Honest and Ethical Conduct: Each Employee will act and conduct themselves honestly and ethi-
cally, including the ethical handling of actual or apparent conflicts of interest between personal
and professional relationships.
2. Full, Fair, Accurate, Timely and Understandable Disclosure: Each Employee will make full, fair,
accurate, timely and understandable disclosure in reports and documents prepared for the Com-
pany and which the Company files with, or submits to, the regulatory authorities and in other
public communications made by the Company.
3. Expenses Reporting: Each Employee will exercise integrity, prudence and judgment in incurring
and approving business expenses and ensure that business expenses are reasonable and serve the
Company's business interests. Each Employee should ensure that all transactions and expenses
are properly authorized and recorded accurately, completely and promptly.
4. Disclosure of Transactions and Expenses: No Employee shall conceal any funds, expenses or
transactions from management, the Disclosure Committee or the Company's Auditors
10

10.
5. Compliance with Applicable Laws: Each Employee will comply with applicable governmental
laws, rules and regulations.
6. Accept or Offer to Bribes: No Employee shall attempt to improperly influence the decisions of
any party dealing with the Company by offering or accepting gifts or bribes out of the ordinary
course of business.
7. Intellectual Property: Each Employee shall take precautions to avoid inadvertent disclosure of
the Company's confidential information and intellectual property by not discussing such informa-
tion in public.
8. Reporting of Conflicts of Interest: Each Employee will promptly report any material transaction
or relationship that reasonably could be expected to give rise to a "conflict of interest" to the
Disclosure Committee. A "conflict of interest" occurs when an Employee's personal interests
could compromise, or could reasonably appear to compromise, that Employee's ability to per-
form his/her responsibilities objectively and in the best interests of the Company. Even the per-
ception of the conflict should be avoided as it may jeopardize the trust of the Company's stake-
holders. Any situation which might constitute a potential conflict of interest should be reported
to the Disclosure Committee.
9. Corporate Opportunity; No Employee will:
i) take personally for his/her self or associates, the benefit of or from any business oppor-
tunity that is discovered by virtue of the Employee's position or through the use of
the Company's property or information that may reasonably be expected to compete
now or in the future with the business of the Company;
ii) serve as a director or officer of, or work as an employee or consultant for, any competi-
tor or business partner of the Company without first disclosing same to the Disclo-
sure Committee in writing and abiding by their decision.
10. Consequences for non-adherence to the Code: Any violation of this Code, whether or not mate-
rial, may have repercussions which could include termination of employment and or legal action
to recover damages or property.
Issued by the Board of Directors
ENVIRONMENT
MBMI Resources Inc. ("MBMI" or the "Company") is committed to take positive action to conserve
natural resources and minimize the impact of its activities on the environment through diligent applica-
tion of appropriate technology and responsible conduct at all stages of exploration, development, mining
and mineral processing.
MBMI's Environmental Policy provides a measurable framework for the performance of the Company's
activities in an environmentally responsible manner, ensuring compliance by the Company and its em-
ployees with all applicable environmental regulations and commitments.
MBMI Resources Inc. will:
Evaluate, plan, construct, and operate all projects and facilities to reduce adverse environmental
impacts and to meet or exceed applicable environmental laws, regulations, and standards. In the
absence of applicable regulations, the Company will apply cost effective best management prac-
tices to protect the environment.
Require managers of all projects and operations to adhere to the Company Environmental Policy
and to identify, evaluate, and minimize risks to the environment.
11

11.
Continuously review environmental achievements and technology to seek and implement meth-
ods for further improvement.
Require all operations to have site-specific emergency response plans, which meet or exceed all
applicable regulations.
Conduct regular audits of environmental performance and emergency response plans to verify
compliance with the Company's policy and applicable regulations. Identify revisions or improve-
ments to current practices in order to minimize environmental impacts.
Educate employees in environmental matters and responsibilities relating to performance of their
assigned tasks. Entrust all employees to maintain necessary environmental performance for their
activities.
Foster communication with shareholders, the public, employees, and government to enhance
understanding of environmental issues affecting the Company's activities.
Work pro-actively with government and the public to define environmental priorities. Participate
in the development of responsible laws for the protection of the environment.
COMMITTEE CHARTERS
Audit Committee
Whistleblower Policy
Corporate Governance Policy
Compensation Committee
MBMI Advances Exploration Drilling And Excavation Programs
February 09, 2011
Vancouver, B.C., February 09, 2011 - MBMI RESOURCES INC. ("MBMI" or the "Company")
(MBR:TSXV) reports that further to its recently completed $5 million financing, and the securing of a $7
million advance payment announced November 29, 2010, the company anticipates exploration and de-
velopment activities at the Alpha and Bethlehem Palawan Properties to accelerate.
A drilling contractor has been engaged, drilling targets selected and an exploration drilling program on the
Alpha property is set to commence shortly that will expand drilling beyond the limits of the 60 hectare
small scale mining area previously permitted. Initial exploration has identified accessible high-grade, ex-
posed nickel and chrome materials zones within the 3200 hectare property. The drill program objective is
to expand currently delineated areas and confirm sufficient resources for supporting development opera-
tions.
Excavating, heavy earth moving equipment and haulage trucks have been ordered and first deliveries are
expected to arrive at site this month. Environmental programs are being completed where multiple silta-
tion ponds and catchment dams have been constructed protecting the areas that might be affected by
potential development of the Alpha property.
A 43-101 resource estimate is anticipated to be completed this year on the adjacent 3200 hectare Bethle-
hem nickel property based on results of the Company's previously completed drilling program. MBMI is
currently completing internal geological modeling work to provide to an independent geological consult-
ing group for verification of initial resource estimates.
MBMI is focused on the exploration and development of nickel mineral properties and with its Philippine
partners holds a Financial or Technical Assistance Agreement ("FTAA") with the Philippine government
12

12.
with respect to the Alpha, Bethlehem and Rio Tuba properties. The FTAA will allow MBMI and its Phil-
ippine Partners to progress toward development of full-scale operational programs at each property.
MBMI and its Philippine partners have an interest in nine nickel laterite projects in the Philippines, cover-
ing 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.
Mr. John F. Cook, (P.Eng) is the designated Qualified Person as defined in NI 43-101 for MBMI Re-
sources Inc., and has reviewed and approved this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
"Michael T. Mason"
President and CEO
Further Information
For further information relating to the Company or this release, please refer to the Company's website at
www.mbmiresources.com or contact Investor Relations at 604-683-1991or 1-877-399-1991 or
mbr@mbmiresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking information including but not limited to comments re-
garding the timing and content of upcoming financings, work programs, geological interpretations, receipt
of property titles, potential mineral recovery processes, etc. Forward-looking information includes disclo-
sure 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 uncer-
tainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ
materially from those currently anticipated in such statements.
You can view the Previous News Releases item: Wed Feb 2, 2011, MBMI Closes $5.18 Million Private
Placement
You can return to the main News Releases page, or press the Back button on your browser.
http://www.mbmiresources.com/s/NewsReleases.asp?ReportID=441846&_Type=News-
Releases&_Title=MBMI-Advances-Exploration-Drilling-And-Excavation-Programs
MBMI Closes $5.18 Million Private Placement
February 02, 2011
Vancouver, B.C., February 2, 2011 -- MBMI RESOURCES INC. ("MBMI" or the "Company")
(MBR:TSXV) reports that further to its news release on January 31, 2011, it has closed a non-brokered
Private Placement financing for 32,379,348 Shares priced at $0.16 per Share for gross proceeds of
$5,180,695. The shares will be subject to a four month hold expiring in June 2011. Finder's fees of
$259,034 and 719,541 broker warrants exercisable for two years at $0.18 have been paid. The net pro-
ceeds of this financing shall be used for the development of MBMI's Palawan, Philippine nickel mineral
properties and for general corporate purposes.
13

13.
MBMI is focused on the exploration and development of nickel mineral properties and with its Philippine
partners maintains a Financial or Technical Assistance Agreement ("FTAA") with the Philippine govern-
ment with respect to the Alpha, Bethlehem and Rio Tuba properties. The FTAA will allow MBMI and its
Philippine Partners to progress toward development of full-scale operational programs at each property.
MBMI and its Philippine partners have an interest in nine nickel laterite projects in the Philippines, cover-
ing 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 CEO
Further Information
For further information relating to the Company or this release, please refer to the Company's website at
www.mbmiresources.com or contact Investor Relations at 604-683-1991or 1-877-399-1991 or
mbr@mbmiresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking information including but not limited to comments re-
garding the timing and content of upcoming financings, work programs, geological interpretations, receipt
of property titles, potential mineral recovery processes, etc. Forward-looking information includes disclo-
sure 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 uncer-
tainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ
materially from those currently anticipated in such statements.
You can view the Next News Releases item: Wed Feb 9, 2011, MBMI Advances Exploration Drilling
And Excavation Programs
You can view the Previous News Releases item: Mon Jan 31, 2011, MBMI Announces $5.1 Million Pri-
vate Placement
You can return to the main News Releases page, or press the Back button on your browser.
http://www.mbmiresources.com/s/NewsReleases.asp?ReportID=440890&_Type=News-
Releases&_Title=MBMI-Closes-5.18-Million-Private-Placement
MBMI Announces $5.1 Million Private Placement
January 31, 2011
Vancouver, B.C., January 31, 2011 - MBMI RESOURCES INC. ("MBMI" or the "Company")
(MBR:TSXV) reports that it has arranged a non-brokered Private Placement financing for 32,379,348
Shares priced at $0.16 per Share for gross proceeds of $5,180,695. The net proceeds of this financing shall
be used for the development of MBMI's Palawan, Philippine nickel mineral properties and for general
corporate purposes. The placement is subject to approval of the TSX Venture exchange.
14

14.
MBMI is focused on the exploration and development of nickel mineral properties and with its Philippine
partners maintains a Financial or Technical Assistance Agreement ("FTAA") with the Philippine govern-
ment with respect to the Alpha, Bethlehem and Rio Tuba properties. The FTAA will allow MBMI and its
Philippine Partners to progress toward development of full-scale operational programs at each property.
MBMI and its Philippine partners have an interest in nine nickel laterite projects in the Philippines, cover-
ing 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 CEO
Further Information
For further information relating to the Company or this release, please refer to the Company's website at
www.mbmiresources.com or contact Investor Relations at 604-683-1991or 1-877-399-1991 or
mbr@mbmiresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking information including but not limited to comments re-
garding the timing and content of upcoming financings, work programs, geological interpretations, receipt
of property titles, potential mineral recovery processes, etc. Forward-looking information includes disclo-
sure 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 uncer-
tainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ
materially from those currently anticipated in such statements.
You can view the Next News Releases item: Wed Feb 2, 2011, MBMI Closes $5.18 Million Private
Placement
You can view the Previous News Releases item: Tue Dec 14, 2010, MBMI Closes Private Placement Fi-
nancing
You can return to the main News Releases page, or press the Back button on your browser.
http://www.mbmiresources.com/s/NewsReleases.asp?ReportID=440454&_Type=News-
Releases&_Title=MBMI-Announces-5.1-Million-Private-Placement
MBMI Partners' FTAA Application Approved
June 02, 2010
Vancouver, B.C., June 2 2010 - MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX V: MBR)
is pleased to announce that the consolidation application of Narra Nickel Mining and Development, Inc.
(NNMDC), Tesoro Mining and Development, Inc. (TMDI), and McArthur Mining, Inc. (MMI) has been
approved into one Financial or Technical Assistance Agreement (FTAA) covering four (4) properties lo-
15

15.
cated in the municipalities of Rizal, Bataraza, and Narra, all in Palawan, subject to existing laws, rules, and
regulations of the Philippines. Approval of this FTAA application will allow MBMI and its Philippine
Partners to substantially increase exploration activities and to progress toward development of full-scale
operational programs at each property.
The Company intends to fund the development of each project once all necessary requirements have
been satisfied, and expects to gradually increase activities after all environment, social, and local obliga-
tions have been reconfirmed and total compliance has been exceeded. The company's objective is to
achieve harmony amongst the communities while developing operations that demonstrate responsible
mining and positive environmental action.
MBMI has established long-term consumer interest for the full spectrum of nickel and chrome products
which are anticipated to be generated from operations and has advanced discussions with several major
potential strategic partners whom are interested in jointly developing down-stream value-added process-
ing facilities in the Philippines.
The exploration and development of the four properties contained within the FTAA will exceed US $50
million where the allocation is estimated to be over a period of one to four years. To date approximately
US$20 million has been expended on exploration, evaluation, development, infrastructure, and commu-
nity relations for the Palawan properties.
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-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
Further Information
For further information relating to the Company or this release, please refer to the Company's website at
www.mbmiresources.com or contact Investor Relations at 1-877-399-1991 or mbr@mbmiresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking information including but not limited to comments re-
garding the timing and content of upcoming financings, work programs, geological interpretations, receipt
of property titles, potential mineral recovery processes, etc. Forward-looking information includes disclo-
sure 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 uncer-
tainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ
materially from those currently anticipated in such statements.
16

16.
General Disclaimer
MBMI Resources Inc. ("MBMI" or the "Company"), has taken all reasonable care in producing and pub-
lishing information contained on this website, and will endeavour to do so regularly. Material on this site
may still contain technical or other inaccuracies, omissions, or typographical errors, for which MBMI as-
sumes no responsibility. The Company does not warrant or make any representations regarding the use,
validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under
no circumstances, including, but not limited to, negligence, shall MBMI be liable for any direct, indirect,
special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of
data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility
of damage, arising from your use, or inability to use, the material on this site. The information is not a
substitute for independent professional advice before making any investment decisions. Furthermore, you
may not modify or reproduce in any form, electronic or otherwise, any information on this site, except
for personal use unless you have obtained our express permission.
The TSX Venture Exchange has not reviewed the information on this website and does not accept re-
sponsibility for the adequacy or accuracy of it.
Forward-Looking Statements
This website contains forward-looking statements, including but not limited to comments regarding pre-
dictions and projections. Forward-looking statements address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results may differ materially from those currently antici-
pated in such statements.
This website uses the terms "inferred resources", "indicated resources" and "mineral resources". The
Company advises readers that although these terms are recognized and required by Canadian securities
regulations (under National Instrument 43-101 "Standards of Disclosure for Mineral Projects"), the US
Securities and Exchange Commission does not recognize these terms. Readers are cautioned not to as-
sume that any part or all of the mineral deposits in these categories will ever be converted into reserves.
In addition, "inferred resources" have a great amount of uncertainty as to their existence, and economic
and legal feasibility. It cannot be assumed that any part of an Indicated or Inferred Mineral Resource will
ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources
may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a Prelimi-
nary Assessment as defined under National Instrument 43-101. Readers are cautioned not to assume that
part or all of an inferred resource exists, or is economically or legally mineable.
Third Party Links
MBMI has provided links from this website to several other websites which are arms-length to the Com-
pany. The viewer should be aware that in linking to these outside websites, he or she is leaving the MBMI
web site and that MBMI is not responsible for the content of any other site.
17