MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR.H) is pleased to
announce that it has entered into an agreement with DMCI Mining Corporation
("DMCI") with respect to the shares the Company holds in three
Philippines-incorporated development companies (collectively, the "DevCos"). As
part of this agreement, MBMI has agreed to transfer to DMCI all MBMI's interest
in the DevCos (the "Transaction").


MBMI is currently the direct shareholder of approximately 40% of the shares of
each of the three DevCos companies. DMCI and another party effectively own the
remaining interests in those properties, and all properties of DevCos are
subject to a 5.5% net revenue returns royalties (the "Royaelties").


Pursuant to a memorandum of agreement (the "Agreement") entered into with DMCI
(together, the "Parties"), the Parties have agreed to a transaction whereby MBMI
would divest itself of all ownership of the DevCos, such that DMCI would acquire
an effective interest of approximately 84% in the Devcos, with the other
shareholder of the Devcos retaining an effective interest of approximately 16%
in the DevCos.


DMCI has agreed to pay US$12,000,000 to MBMI (the "Purchase Price") for the
purchase of MBMI's 40% interest in the DevCos. In the Agreement, DMCI has also
agreed that a downpayment of US$1,000,000 (the "Downpayment") could be withdrawn
from an escrow account established in October and November of 2012 pursaunt to
agreements signed at that time for the sale to DMCI of (i) 33% of the shares of
the parent companies of the DevCos (the "HoldingCos") and (ii) a call option
over an additional 40% of the shares of the HoldingCos. (For further information
regading that transaction, please see the Company's press releases of September
21, 2012 and November 2, 2012.) From the Downpayment, US$750,000 would be
immediately released to the Company, and the balance of US$250,000 would be
released upon satisfaction of certain conditions specified in the Agreement.


The balance of the Purchase Price (or US$11,000,000) would be payable upon
receipt of favourable court decisions that would allow the DevCos to engage
in/or resume mining operations in the Philippines and satisfaction of certain
other conditions (the "Completion Conditions"). 


As MBMI has previously disclosed, its subsidiaries in the Philippines are
engaged in legal proceedings challenging actions and decisions in the
Philippines that, if maintained and not reversed, prevent MBMI from conducting
exploration and mining on the Company's Alpha, Bethlehem, and Rio Tuba
properties in the Palawan province of the Philippines (the "Legal Proceedings").
If MBMI is not successful with the Legal Proceedings, the Transaction would be
rescinded and the DevCos shares sold to DMCI returned to MBMI free and clear of
any or all encumbrances, and without MBMI having any obligation to refund the
Downpayment. 


The Agreement is subject to the approval of the TSX Venture Exchange (the
"Exchange") and it is contemplated that shareholder approval would be obtained.
Once those conditions have been satisfied, the Agreement will take effect and
the Parties would then negotiate and enter into a definitive agreement giving
effect to the terms of the Agreement.


In the meantime, MBMI is responsible for all expenses relating to the continued
operations of the DevCo, while DMCI has provided funding of US$1,800,000 (net of
the Downpayment) to fund MBMI's costs in pursuing the Legal Proceedings. 


The Agreement has been approved by the board of directors of MBMI but remains
subject to the approval of the Exchange. MBMI will therefore issue a further
press release once the Exchange has completed its review of MBMI's application
for approval.


Other Matters

The Company is also advising that it is proceeding with the finalization and
audit of its financial statements for the year ended January 31, 2013, as well
as the completion of interim financial statements for the quarters ended April
30, 2013, July 31, 2013 and October 31, 2013. One of the most significant
factors contributing to the Company's delays with these reports was the need for
the Company to obtain a qualified report from the Philippines regarding the
financial impact of the Company's asset retirement obligations in that country.
That report has now been finalized and transmitted both to the Company and to
its auditors, thereby allowing MBMI to move ahead with the completion of its
outstanding financial statement (and related) filings.


Also, the Company advises that pursuant to five unsecured loans concluded in
November and December of 2013 and January, February and March of 2014, MBMI has
borrowed a total of $300,000 to fund its operations and those of its
subsidiaries in the Philippines. Interest of 6% per annum is payable on these
loans. The loans mature six months after the loan dates. The following is a
summary of the loan amounts, dates and maturity dates.




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        Loan Date             Principal Amount          Maturity Date      
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    November 27, 2013             $50,000                May 27, 2014      
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    December 17, 2013             $50,000               June 17, 2014      
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     January 13, 2014             $60,000               July 13, 2014      
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    February 14, 2014             $80,000               August 14 2014     
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      March, 11 2014              $60,000             September 11, 2014   
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Cautionary Statement: 

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.


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 MBMI's plans
and expectations. These plans, expectations, risks and uncertainties are
detailed herein and from time to time in the filings made by MBMI 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
MBMI Resources Inc.
Joseph Chan
+1 (647) 299-9203
mbmi@mail.com
www.mbmiresources.com
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