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

Mill Bay Ventures Inc.

July 04, 2008 08:00 ET

Mill Bay Receives Letter of Comfort on Coal Permits

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 4, 2008) - Mill Bay Ventures Inc. ("Mill Bay" or the "Company") (TSX VENTURE:MBV)(PINK SHEETS:MLBVF)(FRANKFURT:M4K) is pleased to announce that the Company has received a priority comfort letter from the Ministry of Energy and Resources of Saskatchewan with regards to two of four township applications made on May 22, 2008 on behalf of Mill Bay encompassing 18,432 hectares (45,545.47 acres) of a total of 36,864 hectares (91,090.94 acres) ground west of Hudson Bay, Saskatchewan. A Coal Prospecting Permit has been issued for the two townships confirming that Mill Bay's applications are first in line. The standard issue comfort letters states, "The extent to which the land described in these applications can be issued has not been investigated, and therefore this letter should not be construed as an indication that any land will be issued, as full review is still to be completed."

The Company has been encouraged by the recent coal discovery in the area by Goldsource Mines Inc. which confirms the regional potential for coal deposits and suggests a much larger coal system. As Mike Magrum, PEng reported in Goldsource Mines Inc.'s April 28, 2008 news release, "Coal structures of the Creataceous age are generally stratigraphic and can encompass several thousand square kilometers."

In the event the applications are successful, Mill Bay plans to diligently explore the acreage.

Mill Bay has several gold properties that are currently being explored, farmed out or joint ventured. See the website for details (www.millbayventures.com).

ON BEHALF OF THE BOARD

William Glasier, President

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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