MPH Ventures Corp.
TSX VENTURE : MPS

MPH Ventures Corp.

July 11, 2007 08:00 ET

MPH Ventures Updates Exploration in Ecuador

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 11, 2007) - MPH Ventures Corp. (TSX VENTURE:MPS) (the "Company") is pleased to announce an exploration update on its 5,600 hectares M10 precious and base metal property located 50km east of the capital Quito in the Pinchincha province of Ecuador.

The property is located within the intra oceanic island arc sequence of the Machuchi Unit approximately 5km north along strike of Cornerstone Capital's La Plata Massive Sulfide deposit, which is contained within the same stratigraphy. Structurally the La Plata deposit is contained within an anticline, the axis of which continues onto the M10 property. To the northeast of MPH Ventures properties lies the La Florida mine which is currently extracting high-grade gold and silver ore from extensive quartz veins. These veins trend east-west and it is our belief they have the potential of continuing onto our property. No systematic exploration has ever been undertaken in this area.

Map: http://www.mphventurescorp.com/s/Image.asp?i=maps/m10_laplata_map.jpg

MPH Ventures has been undertaking geological exploration of its M10 property since February 2007. Thus far, the exploration work has consisted of detailed geological mapping of the area, rock chip sampling of outcrops and float, stream sediment and soil sampling, and the taking of panned concentrate samples. Samples are prepped in Quito by the internationally respected laboratory group Inspectorate and pulps are shipped to Lima for analysis. A vigorous QA/QC system has been emplaced involving the insertion of standards (from Canadian labs), blanks and duplicates. MPH Ventures is encouraged with the assayed results received to-date.

A more comprehensive field report from the Company's Vice President of Exploration, Al Cole, can be found on the Home Page of MPH Ventures website at: http://www.mphventurescorp.com/i/pdf/Progress_Report_June2007.pdf

The Company will continue this work to complete coverage of the M10 property. In September and October 2007, a geophysical program involving induced polarization, resistivity, and magnetics will be conducted. These are proven techniques in the discovery of Massive Sulfide deposits which are 'blind' or have subtle surface exposure.

MPH Ventures has employed CINGE, the premier environmental impact study group in Ecuador, to complete an Environmental Impact Assessment (EIA) for the M10 prospect. The terms of reference for this report have been approved by the Ecuadorian Ministry of Mines and Energy and the draft report is almost complete.

The Company has formed a very good relationship with the local people who live on and around the prospect and are mostly employed in agricultural activities such as dairy and cane farming. A Community Relations Officer has been appointed to explain our activities to the community and to listen to and report to us any concerns the community may have. Currently we have twelve local employees and this number will increase greatly as our activity increases in the coming months.

MPH Ventures has several community development initiatives underway. These include replacing the church floor in Reunion Toachi Township, employing an engineer to oversee the construction of a bridge, and the planting of 500 saplings to be used in erosion control.

Given the proximity to other deposits and the presence of anomalous grades throughout the property, it is the belief of the Company that we are in the right location to potentially discover a high quality ore deposit.

MPH Ventures has an option to earn a 50 per-cent interest in the 4,915 hectare M10 concession from Lateegra Gold Corp.

The M10 property was identified by Ing Fredy Salazar, who spent several years as a senior geologist for Newmont Mining, and provided consulting services for Aurelian Resources. Mr. Salazar was instrumental in the identification of the land package known as the Condor project held by Aurelian Resources located in the emerging gold belt in southern Ecuador.

David J. Busch, B.A., B.Sc., PGeo., is the qualified person under the meaning of National Instrument 43-101, and has reviewed the data in this News Release.

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

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture Exchange has not reviewed and does 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: 800-567-8181
    (604) 687-3119 (FAX)
    or
    MPH Ventures Corp.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 800-567-8181
    (604) 687-3119 (FAX)
    Email: info@mphventurescorp.com
    Website: www.mphventurescorp.com