Mill Bay Ventures Inc.

Mill Bay Ventures Inc.

June 24, 2009 05:00 ET

Mill Bay Ventures Inc.: Valentine Mountain Completion of Surveying and Rock Chip Sampling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2009) - Mill Bay Ventures Inc. (TSX VENTURE:MBV)(PINK SHEETS:MLBVF)(FRANKFURT:M4K) ("the Company") is pleased to announce the completion of surveying and rock chip sampling of the Log Dam zone on their 100% owned Valentine Mountain mineral tenures. The Valentine Mountain claims are located 40 miles west of Victoria on southern Vancouver Island, cover approximately 7,084 acres (2,867 hectares) along a trend estimated at 7km long and 500m wide. The property hosts a historic mineral resource, known as the Discovery Zone, with an estimated 30,660 tonnes grading 14.7 grams (0.473 ounces) of gold per tonne (not NI 43-101 compliant).

The Log Dam zone is located 1,100 meters west of the Discovery Zone (site of main previous workings, diamond drill holes, trenching, and small milling operation). The Log Dam zone consists of variable auriferous quartz veining (minor pyrite-arsenopyrite), associated with anomalous Au in soil which coincides with pyritic-tourmaline-garnet altered metamorphosed volcanic host rocks (aka amphibolite). Two 30-60 meter thick amphibolite bands coincide with increased IP chargeability, and the swampy area where the Log Dam was built coincides with a total field magnetic decrease, suggesting the presence of secondary alteration. Rock chip sampling of 13 quartz veins in the vicinity of the Log Dam revealed the following significant assays:

Sample No. Width Description g/t Au opt Au
599250 0.4 meters 30% qtz, 2% lim, 2% py 32.02 0.934
599319 0.3 meters 30% qtz, 2% lim, 2% py 2.13 0.062

The recent logging that took place around the Log Dam has created good access roads to the quartz veins of interest and management is engaged in a permit application with the Ministry of Energy and Mines to carry out a program of approximately 3,000 meters of diamond drilling that would target gold bearing quartz fissure vein structures in the Log Dam and Discovery zones.

Rock chip sampling, geological mapping and GPS surveying were carried out by Andris Kikauka, P.Geo., a Qualified Person for the purposes of NI 43-101.


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.

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

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