MPL COMMUNICATIONS INC.
TSX VENTURE : MPZ

MPL COMMUNICATIONS INC.

September 29, 2009 23:36 ET

MPL Comments on TSX Venture Exchange Trading Halt

TORONTO, ONTARIO--(Marketwire - Sept. 29, 2009) - MPL Communications Inc. (TSX VENTURE:MPZ) advises that trading in its common shares was halted this afternoon by the TSX Venture Exchange.

The TSXV instituted a compliance review of MPL's affairs in early September, expressing dissatisfaction with elements of MPL's corporate governance practices and continuous disclosure. MPL does not agree with the TSX's position and gave a full response by the requested response date. The TSXV replied that MPL's response was neither complete nor satisfactory. MPL disagrees but intends to work with the TSXV towards a resumption of trading. A further announcement will be made as events require it.

MPL is an internationally recognized independent investment advisory publisher of nine investment advisory newsletters, an investment newspaper published twice monthly, an investment advisory web site and an on-line equity research service. MPL also publishes two non-financial newsletters for health and dental professionals. Almost all subscribers are located in Canada.

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 release.

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