MPH Ventures Corp.
TSX VENTURE : MPS
FRANKFURT : IJA1

MPH Ventures Corp.

August 23, 2011 14:36 ET

MPH Ventures Makes Final Option Payments for Property Tied Onto Pidgeon Molybdenum Deposit Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 23, 2011) - MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") is pleased to announce that it has earned a 100% interest, subject to a 2% net smelter return royalty, in its Echo Township property by making its final property option payment consisting of a cash payment of $40,000 and the issuance of 25,000 common shares. The Echo property forms part of the Company's 3400 acre Pidgeon Molybdenum Deposit Project.

Pidgeon Molybdenum Deposit Claims Map, Ontario:
http://www.mphventurescorp.com/s/Image.asp?i=maps/MPS-ON-Pidgeon-area-map.gif.

The Company acquired the Echo property pursuant to an Option Agreement (the "Option Agreement") dated November 15, 2007 with Rubicon Minerals Corp. wherein MPH Ventures was granted the option to acquire ten mineral claims (2360 acres) located in the Echo Township, Patricia Mining Division, Ontario.

The common shares are subject to a four month hold period expiring December 17, 2011.

MPH Ventures Corp. is a molybdenum and gold 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

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS 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: 800-567-8181
    604-687-3119 (FAX)

    MPH Ventures Corp.
    Don Myers
    Director
    604-687-3376 or Toll Free: 800-567-8181
    604-687-3119 (FAX)
    info@mphventurescorp.com
    www.mphventurescorp.com