| | | June 19, 2007
MBMI Adds New Director, Grants Stock Options
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| | June 19, 2007. MBMI RESOURCES INC. (MBR:TSXV) ("MBMI") ("the Company") is pleased to announce the addition of Mr. John Seaman to the Board of Directors. 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 Resources, Valor Resources, and Skybridge Development Corp.
MBMI also announces that, in accordance with the Company's Stock Option Plan, it has granted to certain directors, officers, employees, and consultants, incentive stock options to purchase up to an aggregate of 1,750,000 common shares exercisable on or before June 19, 2012 at a price of $3.60 per share.
MBMI and its Philippine partners jointly control a 100% interest in eight nickel laterite projects in Palawan and Samar, Philippines covering an area in excess of 22,000 hectares where the objective is to develop a series of major suppliers of high-grade nickel products to the primary nickel consumers in Asia.
For further information:
David G. Tafel - VP Corporate Development, Director
Tel: 604-683-1991; Fax: 604-683-8544; Toll free: 1-877-399-1991
Email: mbr@mbmiresources.com
Website: www.mbmiresources.com
Forward Looking Statement
This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from either of the Companies' expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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