MPH Ventures Corp.

MPH Ventures Corp.

March 23, 2007 13:03 ET

Lateegra Gold & MPH Ventures Acquire "Efyza 2" Property in Ecuador

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 23, 2007) - MPH Ventures Corp. (TSX VENTURE:MPS) (the "Company") is pleased to announce the joint acquisition of the Efyza 2 claims, an approximately 700-hectare holding, located adjacent to the Company's existing M10 concession with Lateegra Gold Corp. (Lateega). Acquisition costs include payment of $50,000 (U.S.) (which Lateegra has paid), for which the Company will reimburse Lateegra as to 50 per cent. A first-pass field program by MPH Ventures on the Company's and Lateegra's adjoining M10 concession indicated the potential relevance for the Efyza 2 claims within the local geological setting.

The 4,915-hectare M10 concession is currently undergoing a first-phase exploration program by MPH Ventures, which has an option to earn a 50 per-cent interest from Lateegra in the M10 concession by spending $2.5 million on exploration over four years, paying $50,000, and issuing 600,000 shares to Lateegra over a four-year period. Due to the relevance of the Efyza 2 property within the framework of the M10 concession, the exploration expenditures under the M10 option with Lateegra will be extended to the Efyza 2 property, with expenditures to be approved by mutual consent between Lateegra and the Company.

The M10 property was identified by Ing Fredy Salazar, who spent several years as a senior geologist for Newmont Mining, and provided consulting services for Aurelian Resources. Mr. Salazar was instrumental in the identification of the land package known as the Condor project held by Aurelian Resources located in the emerging gold belt in southern Ecuador.

MPH Ventures Corp. is a gold, silver, and base metal exploration company focused on mineral exploration and development within Latin America.


JAMES G. PETTIT, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

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

Contact Information

  • MPH Ventures Corp.
    James G. Pettit
    (604) 687-3376 or Toll Free: 1-800-567-8181
    MPH Ventures Corp.
    Don Myers
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)