MPH Ventures Significantly Extends Length of Pidgeon Molybdenum Deposit in NW Ontario

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Thu Jun 19, 2008 10:27am EDT

MPH Ventures Significantly Extends Length of Pidgeon Molybdenum Deposit in NW
Ontario
TSX Venture Exchange Symbol: MPS

VANCOUVER, June 19 /PRNewswire-FirstCall/ - MPH Ventures Corp. (TSX-V:
MPS) (FWB: IJA1) (the "Company") is pleased to announce an update regarding
the Company's phase 2 drill program on its 100 percent-owned Pidgeon
Molybdenum Deposit project located at the east end of Lateral Lake near the
town of Dryden, Northwestern Ontario.
    Pidgeon Molybdenum Deposit location map:
http://www.mphventurescorp.com/s/Image.asp?i=maps/MPS-ON-Pidgeon-Fig_41.gif
    The Pidgeon Molybdenum Deposit property contains an indicated resource of
8.5 million tonnes with an average grade of .09% Molybdenum (see Wardrop
Engineering report filed on Sedar November 27, 2007). The Phase 2 drill
program has been designed with the intent of significantly increasing the size
of the existing molybdenum deposit, which remains open both to the northeast
and southwest.
    3D Video on Pidgeon Molybdenum Deposit drilling:
http://www.mphventurescorp.com/i/misc/PM2.wmv
    MPH Ventures has now completed 8 drill holes of the phase 2 drill program.
All 8 holes drilled to date have encountered significant molybdenum
mineralization and have succeeded in significantly extending the length of the
molybdenum zone. Several of the intercepts seen to date have exceeded the
average in terms of the width of the known molybdenum zone. The objective of
this phase 2 drilling is to demonstrate that the known inferred Pidgeon
Molybdenum resource can likely be expanded to over 20 million tonnes with only
a modest drill program. The Company is of the opinion that this goal is within
reach and may be exceeded during this phase of drilling. MPH Ventures is of
the opinion that the Pidgeon Molybdenum Deposit property has the potential to
host as much as 50+ million tonnes at surface.
    Holes PM08-1 and PM08-2 were collared in the heart of the known molybdenum
zone to confirm past data indicating higher molybdenum grade in the interior
zone. Molybdenum mineralization has been encountered in a 50+ metre
intersection in drill hole PM08-1 and a 42+ metre intersection in drill hole
PM08-2.
    Hole PM08-3 and PM08-4 were designed to test the southwestern extension of
the molybdenum zone as indicated in past news release on March 26, 2008. Both
holes have encountered significant widths of molybdenite with Hole PM08-3
intersecting 40+ metres and hole PM08-4 with a 24+ metres intersection. These
two holes demonstrate that the Pidgeon molybdenum zone does not break at the
southwestern end of the known deposit and is likely continuous in a more
westerly direction than previously indicated. This is significant because it
indicates the western continuation of the main zone has not been previously
tested.
    Holes PM08-5 through PM08-16 all are designed to test the northeastern
extension of the known Pidgeon molybdenum deposit. These holes are being
drilled along strike on the molybdenum zone with approximately 50 metres
spacing between holes. These holes are being drilled at a dip of 50 degrees
with an azimuth of 320 degrees to a depth of approximately 100 metres. Holes
PM08-5 to PM08-8 have been completed and have encountered significant
molybdenum. PM08-5 intercepted 45 metres of molybdenite mineralization and
PM08-6 intercepted 46 metres. Holes PM08-7 and PM08 are currently being logged
and sampled. The reported core lengths are considered to be close to the true
widths of the molybdenum zone.
    All Phase 2 holes to date have intersected molybdenum within 100 metres of
surface. MPH Ventures is of the opinion that a possible open pit situation
exists for the Pidgeon Molybdenum Deposit property. The property has excellent
infrastructure in that the project has an all weather road going across the
property, location to paved highway is only 10 km south and location to major
CN rail line is only 10 km to the north of the property. A major existing
power line also traverses the Company's property.
    MPH Ventures has announced a $1 million non brokered private placement as
a funding mechanism to extend its Phase 2 drill program on the Pidgeon
Molybdenum Deposit project. It is the Company's intent to fully and thoroughly
explore this property for its molybdenum content. MPH Ventures intents to
fully delineate the deposit and bring much of the inferred resource to drill
indicated status.
    At the Pidgeon Molybdenum Deposit property, the drill core is sawn into
halves with one-half being sent for analysis and the other kept for future
reference. All samples were prepared and analyzed at TSL Analytical Labs in
Saskatoon using a four-acid digestion. A stringent program quality control was
employed throughout with duplicates, standards and blanks being entered into
the sample stream at 30 sample intervals.
David J. Busch, B.A., B.Sc., PGeo., MPH Ventures' Project Manager, is the
qualified person under the meaning of National Instrument 43-101 and has
reviewed the data in this News Release.
    MPH Ventures Corp. is a molybdenum and precious metal exploration company
focused on mineral development within Canada.
    For further information on MPH Ventures Corp. (TSX-V: MPS) visit the
Company's web site at www.mphventurescorp.com .
    ON BEHALF OF THE BOARD OF DIRECTORS

    "Jim Pettit"
    -----------------------------------
    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.

    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.
    CONTACT: contact myself or: Don Myers, MPH Ventures Corp., Director,
Telephone: (604) 687-3376, Toll Free: (800) 567-8181, Facsimile: (604)
687-3119, Email: info@mphventurescorp.com
SOURCE  MPH Ventures Corp.

contact myself or: Don Myers, MPH Ventures Corp., Director, Telephone: (604)
687-3376, Toll Free: (800) 567-8181, Facsimile: (604) 687-3119, Email:
info@mphventurescorp.com
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