Mill Bay Ventures Inc.

Mill Bay Ventures Inc.

July 21, 2009 05:00 ET

Mill Bay Ventures Inc.: AC Gold Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 21, 2009) - Mill Bay Ventures Inc. ("the Company") (TSX VENTURE:MBV)(PINK SHEETS:MLBVF)(FRANKFURT:M4K) announces that it has entered into an amending agreement to the option agreement dated June 21, 2007 (the "Option Agreement") to acquire 111 mining claims located in Lander County, Nevada, known as the AC Gold Property, to amend the Option Agreement by reducing the payments from US$1,500,000 to US$1,300,000 and removing the 3% net smelter returns royalty, in consideration for the issuance to the optionor of a total of 1,500,000 common shares of the Company. Any work on the property is at the sole discretion of the Company.

Drill targets have been located and the Company is planning to drill these claims as soon as possible.

The amending agreement is subject to the acceptance for filing by the TSX Venture Exchange.


William Glasier, President

This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

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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