Libra Advisors, LLC Acquires Units of MBMI Resources Inc. for Investment Purposes



    TORONTO, March 5 /CNW/ - Libra Advisors, LLC ("Libra"), announced today
that it has acquired 4,285,715 Units of MBMI Resources Inc. ("MBMI") at a
price of $0.70 per Unit in connection with MBMI's non-brokered private
placement. Each Unit consists of one common share and one half warrant. Each
whole warrant entitles the holder to acquire one common share, exercisable at
a price of $0.90 per warrant, until March 2, 2009. As a result of the
acquisition, Libra now holds 4,941,815 common shares, representing
approximately 7.78% of the outstanding common shares of MBMI, and 2,142,857
warrants of MBMI that, if exercised, would result in Libra holding
approximately 10.81% of the total outstanding common shares of MBMI.
    Libra acquired these Units for investment purposes and may, from time to
time, acquire additional securities of MBMI or dispose of such securities as
it may deem appropriate.

    Libra is the investment advisor to Libra Fund LP and Libra Offshore,
Ltd., with principal offices at 909 Third Avenue, 29th Floor, New York, NY
10022.




For further information:

For further information: Mr. Ranjan Tandon, Managing Member at (212)
350-5125

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LIBRA ADVISORS, LLC

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