Malbex Q2 Update

May 25, 2011 – Malbex Resources Inc. (TSX-V:MBG) has filed its interim financial statements and

MD&A for the three and six months ended March 31, 2011 on SEDAR (www.sedar.com).

“We’re extremely pleased with the results from the recently completed drill program at Del Carmen Norte,” said Tim Warman, President and CEO. “We’ve outlined a significant body of shallow, oxide- hosted gold-silver mineralization at Rojo Grande, and should now have sufficient data to compile an initial resource estimate.”

Mr. Warman continued, “With proceeds from our recent $15 million financing in hand, we have begun planning for a much larger drill season at Del Carmen beginning in October of this year. Our goal will be to expand Rojo Grande, which is still open to the southwest and at depth, while also drilling numerous other targets on the 9km2 Del Carmen Norte alteration system. Additionally, we plan to continue our exploration of the second alteration system, Del Carmen Sur, following up on

some promising sampling results from the previous field season.” Q2 and recent highlights:

• Drilling at the flagship Del Carmen project began in November 2010 and ended in late April

2011. Assays for the 2010/2011 field season have been reported for 21 holes (4,648.65 m) to date

• Significant results released since the Q1 report, all from the Rojo Grande target at Del Carmen

Norte, include:

o hole 46 – 46 m of 3.31 g/t gold and 25.2 g/t silver