Mill Bay Ventures Inc.
TSX VENTURE : MBV
PINK SHEETS : MLBVF
FRANKFURT : M4K

Mill Bay Ventures Inc.

February 11, 2010 12:49 ET

Mill Bay Ventures Inc. Completes 545 Meters Core Drilling on Valentine Mountain Log Dam and Discovery North Gold Zones

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2010) - Mill Bay Ventures Inc. ("the Company") (TSX VENTURE:MBV)(PINK SHEETS:MLBVF)(FRANKFURT:M4K) is pleased to announce results for diamond drilling carried out on their 100% owned Valentine Mountain Au project in December, 2009. The drilling program consisted of 5 drill holes ranging from 160-527 feet (48.77-160.63 meters) in depth. A total of 138 core samples (which ranged from 1-10 ft or 0.305-3.048 m interval length) were split and geochemical analysis of the split core sample were done at Pioneer Labs Inc., Richmond, BC (Geochemical Analysis Certificate 2092531). Values greater than 0.5 g/t Au are listed from drill holes 2, 3 & 5 as follows:

LOG DAM-V09DDH-2: interval 16.7-18.3 m (length 1.5 m) 0.52 grams/tonne Au (interval 55-60 ft, length 5 ft, 0.015 troy ounces/short ton Au)

LOG DAM-V09DDH-3: interval 88.4-89.9 m (length 1.5 m) 0.83 grams/tonne Au (interval 290-295 ft, length 5 ft, 0.024 troy ounces/short ton Au)

DISCOVERY NORTH-V09DDH-5: interval 22.3-22.6 m (length 0.3m) 0.62 grams/tonne Au (interval 73-74 ft, length 1 ft, 0.018 troy ounces/short ton Au)

The Log Dam is the location of a 300 x 25 m area of anomalous Au and As in soil, as well as a coincident IP chargeability high and magnetic total field low geophysical anomaly. The geochemical and geophysical anomalies follow an east-west trend (dipping steeply south), that traces the amphibolite rock unit. The Log Dam is located 22 m north and 18 m east of drill hole collar V09DDH-2 and 89 m north and 169 m east of V09DDH-3. The Log Dam Zone is characterized by silicification (quartz carbonate vein/replacement). Mineralization consists of minor amounts of pyrite, pyrrhotite (0.1-2%), with trace chalcopyrite, arsenopyrite that is hosted in chloritized, silicified and carbonate altered amphibolite (metavolcanic). Pyrite and pyrrhotite occur as disseminations and veinlets, and in quartz vein/replacement.

The Discovery North gold bearing mineral zone follows an east-west trend (dipping steeply south), that traces the contact between the amphibolite and schist rock unit. The amphibolite/schist contact is characterized by shearing/faulting and silicification (quartz carbonate vein/replacement). Mineralization consists of minor amounts of pyrite, pyrrhotite (0.1-2%), with trace chalcopyrite, arsenopyrite hosted in chloritized, silicified and carbonate altered amphibolite (metavolcanic) and schist (metasediment). The amphibolite/schist contact related quartz-carbonate fissure veining is similar to the 'D' vein structure (Discovery Zone) located about 100 m south of Discovery North Zone.

Management plans to drill several follow-up holes in the vicinity of the Discovery North and Log Dam Zones. Andris Kikauka, P.Geo., is the qualified person (under the guidelines of NI-43-101) responsible for reporting Valentine Mountain Gold Project geochemical analysis of drill hole samples.

PLEASE CHECK THE COMPANY'S WEBSITE: www.millbayventures.com FOR REPORTS AND INFORMATION ON SIX OTHER PROPERTIES.

ON BEHALF OF THE BOARD

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.

Shares issued: 66,050,254

Last Trading Price: $0.035

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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