MPVC Announces Flow-Through Private Placement

WINNIPEG, MANITOBA--(Marketwired - Nov. 11, 2013) - MPVC Inc. ("MPVC" or the "Corporation") (TSX VENTURE:MVC.H) announces today that it intends to proceed with a non-brokered private placement of flow-through common shares. The flow-through private placement will be for gross proceeds of up to $850,000. MPVC will be offering up to 5,666,667 common shares at a price of $0.15 per flow-through common share.

This offering is subject to the acceptance of the TSX Venture Exchange. The Corporation may pay a finder's fee in cash and/or securities of the Corporation in respect of the private placement. All securities issued to purchasers and finders under the private placement will be subject to a four-month hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The proceeds of this offering will be used for exploration expenditure commitments in respect of the Corporation's option agreement with CanAlaska Uranium Ltd.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This news release is not for dissemination in the United States or for release to U.S. newswire services. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to persons in the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.