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

Mill Bay Ventures Inc.

April 20, 2012 19:30 ET

Mill Bay Ventures Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 20, 2012) - Mill Bay Ventures Inc. (TSX VENTURE:MBV)(PINKSHEETS:MLBVF)(FRANKFURT:M4K) (the "Company") has closed a private placement originally announced on March 6, 2012 for gross proceeds totalling $132,000 through the sale of 2,200,000 Units. Each Unit consists of one common share and one common share purchase warrant (the "Warrant"). Each Warrant will be exercisable at $0.10 for a period of two years following the close of the private placement. The transaction is subject to approval by the TSX Venture Exchange.

For further information on the Company's exploration properties, please visit the Company's website at www.millbayventures.com.

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: 20,246,539

Last Trading Price: $0.06

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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