Mill Bay Ventures Inc.

Mill Bay Ventures Inc.

November 25, 2010 11:38 ET

Mill Bay Ventures Inc. Provides Valentine Mountain Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 25, 2010) - Further to the news releases of October 27, 2010 and November 4, 2010 Mill Bay Ventures Inc. (the "Company") (TSX VENTURE:MBV)(PINK SHEETS:MLBVF)(FRANKFURT:M4K) is pleased to provide an update on the 2010 drilling and trench re-excavation program at its 100% owned Valentine Mountain Property on southern Vancouver Island, B.C.

As of November 24, 2010, nine drill holes totaling 1,624 metres have been completed to target depths in the Discovery Zone, and the tenth and final drill hole is currently in progress. Visible native gold was intersected at a down-hole depth of 26.6 metres in the seventh hole of the program, occurring as 0.1 to 1.5 millimetre blebs in a 5 by 10 millimetre area spatially associated with coarse grained arsenopyrite within a 1.2 metre interval of 10% quartz veining hosted by metasandstone. An additional steeper (eighth) hole was completed from the same setup to test beneath this intercept. Both these holes tested an historical data gap in the Discovery Zone.

Drill core from the completed holes has been logged and is being sawn and sampled at the Company's core facility in Sooke, B.C.; and two sample shipments have been made to ALS Minerals' laboratory in North Vancouver. Photographs of the drill core have been posted for viewing on the Company website

Plans to re-excavate, re-map and re-sample the Discovery Zone trenches were temporarily suspended due to the sudden and early on-set of winter snow conditions at the Valentine Mountain Property.

The contents of this news release have been reviewed by Jacques Houle, P.Eng., a qualified person as defined by NI43-101.

Mill Bay Ventures Inc. owns a 50% interest in the BRX gold claims at Bralorne and 100% interest in three sets of gold claims in Nevada, namely the NV claims, Golden Repeat claims and the E&E-DH claims.


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: 6,605,025

Last Trading Price: $0.30

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

Contact Information