MBMI Resources Inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 31, 2009. For the quarter, the company reported net loss of CAD 1,582,254 or CAD 0.02 loss per basic and diluted share against net loss of CAD 1,563,023 or CAD 0.02 loss per basic and diluted share for the same period a year ago. Loss for the period before provision for income taxes was CAD 1,355,794 compared to CAD 1,563,145 for the same period of last year. Cash flows used in operating activities CAD 533,771 compared to CAD 175,235 for the same period of last year. For the six months, the company reported net loss of CAD 2,092,914 or CAD 0.02 loss per basic and diluted share against net loss of CAD 3,956,819 or CAD 0.05 loss per basic and diluted share for the same period a year ago. Loss for the period before provision for income taxes was CAD 2,254,532 compared to CAD 3,953,039 for the same period of last year. Cash flows used in operating activities CAD 556,833 compared to CAD 1,292,347 for the same period of last year.

MBMI Resources Inc. announced that further to its news release of September 3, 2009, it has closed the third and final tranche of a secured loan. Gross proceeds of $200,000 have been advanced to MBMI in the form of a secured two year convertible debenture for $100,000 and a secured two year bridge loan for $100,000. The Loans bear interest at 10% per annum, compounded and payable monthly. The principal amount of the debenture is convertible into units of MBMI at the option of the lenders at a fixed conversion price of $0.10 per unit. The units will be comprised of a common share and one common share purchase warrant. One warrant will entitle the holder to purchase one common share of MBMI at a price of $0.13 per share for a period of 2 years from closing.

GC-Global Capital Corp. announced that further to the joint press release on August 4, 2009, its client company, MBMI Resources Inc., has closed the second tranche of a secured loan in the amount of $1,400,000. To date the total amount of the secured loan is $2,400,000. The second tranche has been advanced to MBMI in the form of a secured two year convertible debenture for $700,000 and a secured two year bridge loan for $700,000. The loans bear interest at 10% per annum, compounded and payable monthly. The first tranche closing was on August 4, 2009, in the amount of $1,000,000. The net proceeds of the loans will be used for exploration and development of MBMI's Philippine nickel mineral properties, and for general corporate purposes.