| ||June 21, 2011|
MBMI Renews Engagement with Lloyd Jacobs and Grants Options
| ||Vancouver, B.C., June 21, 2011 - MBMI RESOURCES INC. ("MBMI" or the "Company") (TSX-V: MBR) reports that further to the news release of May 27, 2008, the Company has renewed its contract with Lloyd J. Jacobs to provide investor communications, shareholder information and public relations services.|
In connection with the renewal, and in accordance with the Company's Stock Option Plan, MBMI has granted to Mr. Jacobs incentive stock options to purchase up to an aggregate of 250,000 common shares exercisable on or before June 2016 at a price of $0.10 per share. The options shall be subject to regulatory approval, vest over time pursuant to TSX Venture policy and shall expire five years from the date of grant, subject to the termination provisions of MBMI's Stock Option Plan.
ON BEHALF OF THE BOARD OF DIRECTORS
"Michael T. Mason"
President and CEO
For further information relating to the Company or this release, please refer to the Company's website at www.mbmiresources.com or contact Investor Relations at 604-683-1991 or 1-877-399-1991 or firstname.lastname@example.org.
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.
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