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Malbex Reports Additional Higher-Grade Mineralization at Del Carmen Norte, Including 46 m at 3.31 g/t Gold and 25.2 g/t Silver

Malbex Resources Inc. (TSX VENTURE:MBG)

today announced results from three drill holes, including additional higher-grade results, from the Rojo Grande target on the Company's Del Carmen gold-silver project in San Juan province, Argentina.

Hole DDHC-11-046 was collared approximately 80 metres (m) southeast of hole DDHC-11-042 (103 m at 2.84 g/t gold, PR Feb. 22, 2011) and has expanded the higher-grade mineralization recently discovered in this part of the Rojo Grande silicified ledge. Two significant zones of mineralization were encountered in hole 46:

* DDHC-11-046: 46 m at 3.31 g/t gold and 25.2 g/t silver

* and 132.65 m at 2.10 g/t gold and 10.8 g/t silver

* including 23 m at 5.51 g/t gold and 20.4 g/t silver

* and including 34 m at 3.32 g/t gold and 17.6 g/t silver

About Malbex

Malbex Resources Inc. is a gold exploration company led by experienced management and directors. Malbex holds an indirect 100% interest in three exploration projects in Argentina's El Indio Gold Belt, which hosts over 35 million ounces of gold in past production and current reserves, including Barrick's Veladero and Pascua-Lama gold deposits.

Last Sale: 0.59 52 Week Range: 0.28 - 0.98 Market Cap: 58.19M

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