MPH Ventures Corp.
TSX VENTURE : MPS
FRANKFURT : IJA1

MPH Ventures Corp.

August 31, 2009 09:00 ET

MPH Ventures Issues Shares to Rubicon Minerals, Updated NI 43-101 Resource Calculation to be Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2009) - MPH Ventures Corp. (TSX VENTURE:MPS)(FRANKFURT:IJA1) (the "Company") announces that it has issued 25,000 common shares in connection with its Property Option Agreement dated November 15, 2007 with Rubicon Minerals Corp. whereby the Company has been granted an option to earn a 100% interest, subject to a 2% net smelter return royalty, in the Echo Township property located in the Patricia Mining Division, northwestern Ontario (the "Property"). The Property surrounds and forms part of the Company's 3400 acres Pidgeon Molybdenum Deposit project.

http://www.mphventurescorp.com/i/maps/MPS-ON-Pidgeon-area-map.gif

The common shares issued are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring December 27, 2009.

In order to earn a 100% interest in the Property, the Company must make further cash payments of $60,000 and issue 50,000 common shares over the remaining two year term of the Agreement.

This Property was acquired as part of the land holdings surrounding the core patented Pidgeon Molybdenum Deposit claims MPH Ventures purchased from BHP Billiton and Goldcorp in November 2007. It is the Company's intention to continue to advance this project as the price of molybdenum continues to rebound.

MPH Ventures believes molybdenum prices will continue to strengthen through the rest of this year and well into 2010. In the near term, the Company will be commissioning an updated NI 43-101 compliant resource calculation along with recommendations to further increase the size of the Pidgeon Molybdenum surface deposit.

MPH Ventures Corp. is a gold and molybdenum exploration company focused on mineral development within Canada.

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.

Contact Information

  • MPH Ventures Corp.
    James G. Pettit
    President
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    or
    MPH Ventures Corp.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    info@mphventurescorp.com
    www.mphventurescorp.com