MBMI Resources Inc.
TSX VENTURE : MBR

MBMI Resources Inc.

August 20, 2012 17:16 ET

MBMI Announces Revised Terms of Proposed Private Placement

RICHMOND HILL, ONTARIO--(Marketwire - Aug. 20, 2012) - MBMI RESOURCES INC. (the "Company") (TSX VENTURE:MBR) announces revised terms of a proposed private placement of common share units (the "Units") previously announced in the Company's press release of July 31, 2012. The private placement is for up to 14,000,000 Units at a price of $0.05 per unit (reduced from $0.08 per unit as previously disclosed) for gross proceeds of up to $700,000. The Units are comprised of one common share of the Company and one warrant, each warrant being exercisable to acquire one common share of the Company at a price of $0.10 per share for two years after issuance.

In connection with the private placement, the Company may pay to finders a commission of up to 5% of the gross proceeds from the sale of Units placed by finders, payable in common shares of the Company, and a number broker warrants ("Broker Warrants") equal to 5% of the number of Units placed by finders. Each Broker Warrant will be exercisable for one Common Share for a period of 2 years at an exercise price of $0.10 per share.

Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the future performance of MBMI Resources Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. MBMI Resources Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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