MPH Ventures Corp.
TSX VENTURE : MPS
FRANKFURT : IJA1

MPH Ventures Corp.
Skyharbour Resources Ltd
TSX VENTURE : SYH

March 06, 2009 11:15 ET

MPH Ventures Issues Shares to Skyharbour For Debt Settlement Relating to Red Lake Gold Property, NW Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2009) - MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) ("MPH") and Skyharbour Resources Ltd. (TSX VENTURE:SYH) ("Skyharbour") announce that further to their respective news releases of February 6, 2009, MPH has issued 500,000 common shares to Skyharbour in connection with a Debt Settlement Agreement. Pursuant to the terms of the agreement, MPH agreed to issue Skyharbour 500,000 common shares to settle the outstanding debt and accrued interest, relating to non-contribution to work programs on the companies' 50/50 Heyson project in the amount of $85,000.

The common shares issued to Skyharbour will be subject to a four month restriction on re-sale, expiring on July 6, 2009.

The 7,000 acres Heyson property lies to the south of the former Howey and Hasaga gold mines in the southern portion of the central Red Lake gold belt, 5 km southwest of the operating Goldcorp Red Lake and Campbell gold mines in NW Ontario.

Red Lake Ontario Heyson Project Map: http://www.mphventurescorp.com/i/maps/Heyson.gif

MPH Ventures Corp. is a precious metal and molybdenum exploration company focused on mineral development within Canada.

For further information on MPH Ventures Corp. (TSX VENTURE:MPS) visit the Company's web site at www.mphventurescorp.com .

ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President





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

Contact Information

  • MPH Ventures Corp.
    James G. Pettit
    President
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    or
    MPH Ventures Corp.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    Email: info@mphventurescorp.com
    Website: www.mphventurescorp.com