MPVC Inc. Private Placement

JUPITER, FLORIDA--(Marketwired - July 22, 2013) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES.

MPVC Inc. (TSX VENTURE:MVC.H) (the "Company" or "MPVC") announced today a revision to the terms of the warrants attaching to the units to be issued pursuant to the non-brokered private placement previously announced on July 15, 2013. Under the private placement, MPVC will be offering up to 10,000,000 units at a price of $0.05 per unit, each unit consisting of one common share and one common share purchase warrant. It was previously indicated that each warrant would entitle the holder to purchase one common share of the Company at the price of $0.10 per share on or before the earlier of (i) one year following the closing and (ii) the date following the expiry of four months from the closing and occurring 15 business days from the date the holder receives notice from the Company that the trading price of the common shares of MPVC has closed each day for a period of five consecutive trading days at $0.25 per share or higher. The accelerated exercise period described in (ii), above, has been amended so that the warrants entitle the holder to purchase one common share of the Company at the price of $0.10 per share on or before the earlier of (i) one year following the closing and (ii) the date occurring 15 business days from the date the holder receives notice from the Company that the trading price of the common shares has closed each day for a period of five consecutive trading days at $0.25 per share or higher.

Closing of the private placement is subject to final regulatory approval.

Neither 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 press release.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to persons in the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.