MPH Ventures Corp.
TSX VENTURE : MPS
FRANKFURT : IJA1

MPH Ventures Corp.

February 24, 2010 09:00 ET

MPH Godfrey Gold Phase One Drill Program Completed, West Timmins, Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2010) - MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") announces results from the first phase of exploration drilling on the Godfrey Property. The 100% owned Godfrey Gold Project is located 20 km west of Timmins, Ontario and 9 km northwest of the Lakeshore Gold Timmins Mine. 

All three holes drilled to date encountered a wide zone (+60 metres) of the heavily altered felsic intrusion. The quartz sericite alteration contains quartz veins and fine disseminations of pyrite. The third hole confirmed the altered intrusion at depth. 

Godfrey Gold property drill hole location map, West Timmins:
http://www.mphventurescorp.com/i/maps/MPS-2010-Phase-1-Drill-Program-on-the-Godfrey-Property.jpg

The three holes have identified a strong alteration system along 100 metres of strike extent to a vertical depth of 300 metres. An associated Induced Polarization anomaly extends across the southern portion of the property for 400 metres. Significant gold assays were not encountered in the three holes drilled, however the increasing alteration intensity at depth and remaining untested portions of the IP anomaly remain to be evaluated. 

This first phase of work on the Godfrey Gold property was located in the southwest corner of the property and was designed to test a Magnetic and IP geophysical anomaly. Based on historical geophysics, stripping, and sampling there are more structures to be tested to the north of this first phase of drilling. 

The Company is currently reviewing the geological and geophysical data and evaluating additional plans for the Godfrey Gold property. 

In other news, MPH Ventures announces that line cutting has been completed on the Company's 100% owned 3500 acre Raney Gold Project located southwest of Timmins, Ontario.

The line cutting was in preparation for a tightly spaced IP and Magnetic geophysical survey now underway over the Raney property gold occurrence. This survey will be extended 300 metres to the west and 300 metres to the east on strike with the known gold zone. The data from this survey will be used to determine the next drill program for the Raney gold zone.

Raney gold property proposed grid with past drill hole locations:
http://www.mphventurescorp.com/i/maps/Raney_gridsketch.jpg

To date, fourteen diamond drill holes have been completed on the project, five holes by past project operators and nine holes by MPH Ventures. Significant gold intersections include 7.7 g/t Au over 6.8 metres in hole R-09-04, 6.5 g/t Au over 8.0 metres in hole R-09-08, and 3.5 g/t Au over 6.8 metres in hole 99-01. Most intersections are positioned between the 90 and 130 metre vertical depth level. Results from the limited drilling to date show excellent potential for the discovery of a continuous gold structure on strike and at depth.

The exploration program is being carried out under the direction of Todd Keast, PGeo. The information in this news release was prepared by Todd Keast, PGeo., a qualified person as defined by National Instrument 43-101.

MPH Ventures Corp. is a gold and molybdenum exploration company focused on mineral development within Canada. The company has recently acquired several properties in Northern Ontario and the West Timmins Mining Camp.

For further information on MPH Ventures Corp. (TSX VENTURE:MPS) visit the Company's web site at www.mphventurescorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT
President

This news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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