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

Mill Bay Ventures Inc.

October 27, 2009 08:30 ET

Mill Bay Ventures Inc.: Results From the 2009 Geochemistry and Prospecting Program Valentine Mountain

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 27, 2009) - Mill Bay Ventures Inc. (TSX VENTURE:MBV)(PINK SHEETS:MLBVF)(FRANKFURT:M4K) ("the Company") is pleased to report the results from the 2009 geochemistry and prospecting program completed during September following up positive results from the 2008 program along the northern gold corridor of the Valentine Mountain Property. The 2009 field program consisted prospecting, rock sampling, and stream moss mat sampling by a 3 person team walking uphill along stream beds during low water flow conditions, taking stream moss mat samples every 100-200 metres, and rock samples wherever significant veins or sulphidic zones were exposed in stream beds.

During that program, 12 rock samples and 34 stream moss mat samples were taken from the area of the Valentine Mountain Property. The 34 stream moss mat samples were dried and sent to Acme Laboratories Ltd. in Vancouver for 36 element Group 1DX30 ICP analysis. The rock samples were also sent to Acme Analytical Laboratories Ltd. in Vancouver for 39 element Group 7TX ICP-MS/ES analysis plus gold, platinum and palladium Group 3B fire assay fusion ICP-MS. The geochemistry results from both the moss mat and rock samples were received from Acme in October, 2009.

The stream moss mat sample results yielded significantly elevated values for gold (exceeding 50 ppb) in 11 of the 34 samples (32%), including 5 samples (15%) exceeding 250 ppb. Similar to the 2008 results in the area of the northern gold corridor, the 2009 results show elevated values for gold only in some samples. It is also significant that the samples with elevated values for gold occur in sequential samples along streams, with well defined cut-offs or catchment basins upstream from the sites of four of the samples with the highest gold values. The elevated gold values from these four sample sites suggest the presence of a northwest-trending zone over a strike length of 3 kilometres along the northern slope of Valentine Mountain within the northern gold corridor. This zone is located 5 kilometres northwest of the Valentine Mountain Discovery Zone.

The 2009 rock sampling program failed to yield any significant gold values in outcrop along the stream beds, and also failed to explain the elevated gold values obtained in both the 2008 and 2009 stream moss mat samples. Therefore, it can be reasonably assumed that as-yet undiscovered bedrock sources of gold occur in the area of the northern corridor. These assumed sources are worthy of follow-up work to determine their specific locations, characteristics, dimensions and grades with additional prospecting, and possibly trenching and sampling.

The 2008 and 2009 field programs at Valentine Mountain were conducted and supervised by Jacques Houle, P.Eng., a Qualified Person pursuant to National Instrument 43-101. Mr. Houle has reviewed the contents of this news release.

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: 63,079,698

Last Trading Price: $0.05

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.

Contact Information