March 16, 2010 22:00 ET

MPL Communications Inc.: News Release

TSX Venture Exchange Suspends Trading in MPL Shares

TORONTO, ONTARIO--(Marketwire - March 16, 2010) - MPL Communications Inc. (TSX VENTURE:MPZ) announces that trading in its common shares was suspended by the TSX Venture Exchange effective March 11, 2010. MPL learned of the suspension late yesterday.

The suspension followed a trading halt that was imposed by the TSXV on September 29, 2009 during the course of a TSXV compliance review. MPL and the TSXV engaged in months of lengthy correspondence since the trading halt was imposed. MPL stands by its position and thinks that further communication at this time is unlikely to lead to resolution of the issues raised by the TSXV. It will also result in legal and accounting expense that MPL cannot afford and divert the attention of MPL's directors and management away from managing its business through the current challenging environment. The TSXV notified MPL that failure to reply to the latest correspondence in a manner satisfactory to the TSXV may result in a trading suspension.

Although trading in MPL's shares has been suspended by the TSXV, trades outside of the facilities of the TSXV are unaffected.

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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