Malbex Resources Inc. Provides Update on Earn-in Arrangements With Barrick Gold Corporation

Malbex Resources Inc. ("Malbex") (TSX VENTURE:MBG) provided an update today on
its previously announced agreement with Barrick Gold Corporation ("Barrick")
relating to Malbex's Del Carmen project in San Juan Province, Argentina (the
"Del Carmen Project") whereby Barrick will have the option to earn in to a 51%,
and then a 75%, interest in the Del Carmen Project based on meeting certain
expenditure requirements. In conjunction with the earn-in arrangements, Barrick
has agreed to subscribe for an aggregate of 14,285,714 common shares of Malbex
for an aggregate subscription price of C$1,000,000 (the "Private Placement").


The closing of the Private Placement and the earn-in arrangements is conditional
on, among other things, Malbex causing the exploration agreement covering the
Del Carmen Project to be transferred to a newly-formed entity jointly-owned by
wholly-owned subsidiaries of Barrick and Malbex, the extension of such
exploration agreement, the delivery of required work and environmental permits
for the Del Carmen Project and the approval of the TSX Venture Exchange. Malbex
and Barrick are continuing to work towards satisfying all the conditions
necessary to close the Private Placement and the earn-in arrangements. All of
the terms and conditions of the Private Placement and the earn-in arrangements
remain the same since they were announced on April 22, 2014. 


About Malbex 

Malbex is a gold exploration company led by experienced management and directors
with projects in Argentina. In April 2010, Malbex made a near-surface,
gold-silver oxide discovery at the Del Carmen Project, its lead project in
Argentina. 


The Del Carmen Project is located in the El Indio Gold Belt, which contains more
than 35 million ounces of gold in current reserves and past production,
including Barrick's Veladero mine and Pascua-Lama project. For more information,
please visit www.malbex.ca. 


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain information that may constitute "forward-looking information"
under applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements about closing of the Private
Placement and the earn-in arrangements, as there can be no assurance that the
Private Placement and the earn-in arrangements will be completed as proposed or
at all. Forward-looking information is necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are subject to
known and unknown risks, uncertainties, and other factors which may cause the
actual results and future events to differ materially from those expressed or
implied by such forward-looking information, including the risks identified in
the Malbex's annual information form under the heading "Risk Factors". There can
be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on
forward-looking information. All forward-looking information contained in this
press release is given as of the date hereof and is based upon the opinions and
estimates of management and information available to management as at the date
hereof. Malbex disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as required by law.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Malbex Resources Inc.
Joe Hamilton
President and Chief Executive Officer
(416) 628-0215
ir@malbex.ca
www.malbex.ca

Malbex Resources Inc. (TSXV:MBG)
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