| ||August 18, 2006|
MBMI Appoints Chief Financial Officer, Grants Stock Options
| ||August 18, 2006. MBMI RESOURCES INC. (MBR:TSXV) "MBMI" is pleased to announce the appointment of Mr. Adrian Rothwell, CA as Chief Financial Officer to the Company. Mr. Rothwell has previously acted as a financial consultant to MBMI, as well as a number of other publicly-traded companies. As a Chartered Accountant he offers many years of professional accounting, public practice, and industry specific expertise. Mr. Rothwell is a member of the Institute of Chartered Accountants of British Columbia, Canada and the Institute of Chartered Accountants of Australia. |
MBMI also announces that, in accordance with the Company's Stock Option Plan, it has granted to certain directors, officers, and employees incentive stock options to purchase up to an aggregate of 2,000,000 common shares exercisable on or before August 17, 2011 at a price of $0.84 per share.
For further information:
David G. Tafel - VP Corporate Development
Tel: 604-683-1991; Fax: 604-683-8544; Toll free: 1-877-399-1991
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
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