MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX VENTURE:MBR) announces that
the previously filed Motion for Reconsideration with the Office of the President
has been denied. As such, on July 27, 2011 the Company through its Philippine
affiliates filed a petition for review in the Philippine Court of Appeals
against Redmont for the issuance of a Temporary Restraining Order ("TRO") and /
or Writ of Preliminary Injunction. This petition for review is seeking the Court
of Appeals to issue a TRO which would lift and eventually reverse and dismiss
the cease and desist order from the Office of the President in relation to the
Financial or Technical Assistance Agreement ("FTAA").


The Company through its affiliates have also filed a complaint in the Regional
Trial Court of Pasig City against Redmont Consolidated Mines Corporation
("Redmont") and Manuel T. Casador (collectively the "defendants") for Tortious
Interference, Violation of articles 19 and 21 of the Civil Code, Injunction, and
damages with application for the issuance of a Temporary Restraining Order
("TRO") and / or Writ of Preliminary Injunction. The damages total
PhP38,724,133.76 (Philippine Pesos) plus ongoing monthly reimbursements and
additional litigation expenses and costs of suit. 


MBMI's Philippine affiliates have applied for this TRO to restrain and or
prohibit the defendants, including the directors, stockholders, officers,
employees and agents of the defendant Redmont, and any and all persons acting in
their behalf from interfering, questioning, assailing, or filing or taking any
other legal actions, that would directly or indirectly affect the validity and
implementation of the FTAA.


The issuances of both Temporary Restraining Orders will allow MBMI and its
Philippine affiliates to continue its business operations until the legal
matters can be resolved in due process through the Court of Appeals or the
Supreme Court. The company will continue to vigorously fight the decision by the
Office of the President and will exhaust all options at its disposal to reverse
the action.


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.
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