Press Releases

OTTAWA, ONTARIO -- (MARKET WIRE) -- 02/09/12 -- On Friday, February 10, Agriculture Minister Gerry Ritz will be available to speak to media by telephone. He will talk about his agriculture trade mission to China.

EVENT:            Media call back

DATE:             Friday, February 10

TIME:             10:00 a.m. (Ottawa)
                  11:00 p.m. (China)

CALL IN DETAILS:  North American Dial-In:
                  1-877-413-4814

                  International/Local Dial-In: +1-613-960-7526

                  PassCode: 6347135

                  Conference Title:
                  Minister Ritz' Mission to China

Media that register for the call back will receive an advisory should the time change.

Contacts:
Media Relations
Agriculture and Agri-Food Canada
Ottawa, Ontario
613-773-7972
1-866-345-7972

Source: Agriculture and Agri-Food Canada

OTTAWA, ONTARIO -- (MARKET WIRE) -- 02/09/12 -- A report from the BMO Economics Department released today states that charitable donations in Canada could be encouraged by extending the 29 per cent tax credit to all donations, not just those over $200. Currently, donations below $200 receive a 15 per cent credit.

The report was presented to the House of Commons Standing Committee on Finance during an appearance by John Waters, Vice President and Head of Technical Expertise, Wealth Group, BMO Nesbitt Burns at the committee's hearing today on tax incentives for charitable donations.

"While this would have little or no impact on large donors, we believe it will help encourage giving for more modest donors, as the marginal return would nearly double for gifts of up to $200," said Doug Porter, Deputy Chief Economist, BMO Capital Markets. "Further, the median claimed charitable donation in 2010 was $260 - versus an average of $1,437 - suggesting that many donors could benefit from such a step."

The report noted that the overall cost of this step would be less than $200 million, even if more than 1.5 million Canadians began giving more generously to charities. "Given the projected fiscal cost, we would recommend considering implementing this change only when the revenue situation is stronger and the fiscal position is closer to balance," said Mr. Porter.

"We applaud this recommendation from BMO, which we believe will help organizations like United Way broaden their base of donors," said Michele Thibodeau-DeGuire, President and Executive Director, Centraide of Greater Montreal. "It would make it much easier for donors to understand what the amount of their tax credit will be."

The full report can be downloaded at: http://www.bmonesbittburns.com/economics/reports/20120209b/SR120209.pdf.

Contacts:
For media inquiries, please contact:
Peter Scott, Toronto
(416) 867-3996
PeterE.Scott@bmo.com

Ronald Monet, Montreal
(514) 877-1873
Ronald.Monet@bmo.com

Source: BMO Financial Group

RICHMOND HILL, ONTARIO -- (MARKET WIRE) -- 02/09/12 -- MBMI RESOURCES INC. (the "Company") (TSX VENTURE: MBR) announces a proposed private placement of convertible debentures ("Debentures") with an aggregate principal amount of up to $1,500,000, and a proposed consolidation of the common shares of the Company ("Share Consolidaton") on a 5 to 1 basis, whereby one new common shares would be issued in exchange for every 5 pre-consolidation common shares outstanding. The Debentures, which will be unsecured, will accrue interest at a rate of 12% per annum and will mature one year after issuance. Following the completion of the Share Consolidation, the principal amount of the Debenture would be convertible at the option of the holder into units ("Units") at a deemed price of $0.10 per Unit. The Share Consolidation is subject to the approval of the Company's shareholders and the TSX Venture Exchange. The Company anticipates that the Share Consolidation will be proposed to shareholders for approval at the Company's next shareholders' meeting.

Each Unit would be comprised of one common share of the Company and one-half of one warrant ("Warrant"), each whole Warrant being exercisable for one common share at a price of $0.12 per share for a period of one year after the Share Consolidation.

Finders or agents may be entitled to receive finder's fees of up to 8% of the principal of the Debenture placed by finders payable in shares ("Finder's Shares") with a deemed price of $0.05 per share, and a number of finder's warrants ("Finder's Warrants") equal to the number of Finder's Shares issued. Each Finder's Warrant would be exercisable to acquire, for a term of one year after the Share Consolidation, one common share at a price of $0.12 per share.

The conversion price per Unit and exercise price of the Warrants and Finder's Warrants are based on the Share Consolidation being completed on a 5 to 1 basis. If the Share Consolidation is completed at a different consolidation ratio, the conversion price and warrant exercise prices will be adjusted accordingly.

The private placement is subject to the approval of the TSX Venture Exchange.

For further information relating to the Company or this release, please refer to the Company's website at www.mbmiresources.com.

Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the future performance of MBMI Resources Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. MBMI Resources Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contacts:
MBMI Resources Inc.
John Wong
President and CEO
647-925-8998
mbmi@mail.com
www.mbmiresources.com

Source: MBMI Resources Inc.

OTTAWA, ONTARIO--(Marketwire - Feb. 9, 2012) - A report from the BMO Economics Department released today states that charitable donations in Canada could be encouraged by extending the 29 per cent tax credit to all donations, not just those over $200. Currently, donations below $200 receive a 15 per cent credit.

The report was presented to the House of Commons Standing Committee on Finance during an appearance by John Waters, Vice President and Head of Technical Expertise, Wealth Group, BMO Nesbitt Burns at the committee's hearing today on tax incentives for charitable donations.

"While this would have little or no impact on large donors, we believe it will help encourage giving for more modest donors, as the marginal return would nearly double for gifts of up to $200," said Doug Porter, Deputy Chief Economist, BMO Capital Markets. "Further, the median claimed charitable donation in 2010 was $260 - versus an average of $1,437 - suggesting that many donors could benefit from such a step."

The report noted that the overall cost of this step would be less than $200 million, even if more than 1.5 million Canadians began giving more generously to charities. "Given the projected fiscal cost, we would recommend considering implementing this change only when the revenue situation is stronger and the fiscal position is closer to balance," said Mr. Porter.

"We applaud this recommendation from BMO, which we believe will help organizations like United Way broaden their base of donors," said Michele Thibodeau-DeGuire, President and Executive Director, Centraide of Greater Montreal. "It would make it much easier for donors to understand what the amount of their tax credit will be."

The full report can be downloaded at: http://www.bmonesbittburns.com/economics/reports/20120209b/SR120209.pdf.


FOR FURTHER INFORMATION PLEASE CONTACT:
        For media inquiries, please contact:
        Peter Scott, Toronto
        (416) 867-3996
        PeterE.Scott@bmo.com

        Ronald Monet, Montreal
        (514) 877-1873
        Ronald.Monet@bmo.com

Source: BMO Financial Group