MPH Ventures Continues to Significantly Expand Molybdenum Deposit in Phase 2 Drilling,...

MPH Ventures Continues to Significantly Expand Molybdenum Deposit in Phase 2
Drilling, NW Ontario

TSX Venture Exchange Symbol: MPS

VANCOUVER, July 22 /PRNewswire-FirstCall/ - MPH Ventures Corp. (TSX-V: MPS)
(FWB: IJA1) (the "Company") is pleased to provide a progress report on the
Company's ongoing phase 2 drill program on its 100% 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

MPH Ventures has now completed 24 drill holes in its ongoing phase 2 drill
program. Assays have been received for the first 5 holes only with partial
assays received on hole # 6. The phase 2 drill program consists of a series of
step out holes and is designed to intersect ore grade molybdenum within 100
metres of surface.

The drilling continues to confirm the Company's opinion that a possible
mineable open pit situation exists for the Pidgeon Molybdenum Deposit
property. The Pidgeon Molybdenum Deposit property has excellent infrastructure
with an all weather road going across the property, location to paved highway
is only 10 kilometres to the south, and location to the major Trans Canada CN
rail line is only 10 kilometres to the north of the property.

The original Pidgeon Molybdenum Deposit property is known to contain an
indicated resource of 8.5 million tonnes of molybdenum with an average grade
of .09% per tonne Mo (see Wardrop Engineering report filed on SEDAR
November 27, 2007). A phase 1 drill program completed in February 2008
confirmed the known resource potential of the Pidgeon Molybdenum Deposit. This
phase 2 drill program is designed to significantly increase the size and
tonnage of the existing molybdenum deposit and MPH Ventures is confident that
this objective is being achieved.

The molybdenum mineralization continues to remain open ended to both the
northeast and to the southwest of the reported known deposit. The Company
remains optimistic that it will achieve the goal of greatly increasing the
size of the existing deposit with this drill program. Possibly two to three
fold.

Phase 2 drill holes # 1 and # 2 were collared in the known zone of molybdenum
to confirm past data indicating higher molybdenum grade in the interior zone.

Drill holes # 3 and # 4 were designed to test the west southwest extension of
the main molybdenum zone with 50 metres spacing. Both holes have encountered
significant widths of molybdenite. These 2 holes now demonstrate that Pidgeon
molybdenum zone continues in a more westerly direction than previously
indicated. This is a very significant development as drill information
indicates a continuation of the main molybdenum zone to the west that has
never been previously drill tested.

Drill holes # 5 and # 6 are part of a larger series of drill holes that are
designed to test the northeast extension, along strike, of the known
molybdenum zone using 50 metres spacing. Only partial assays have been
received from drill hole # 6. MPH Ventures is very encouraged because drilling
to date has confirmed the molybdenum zone is expanding to the northeast.

2008 Phase 2 Drill Hole Map:
http://www.mphventurescorp.com/s/Image.asp?i=maps/MPS-Phase-2-Drilling.jpg

DRILL HOLE SUMMARY

-------------------------------------------------------------------
Hole # From (m) To (m) Length (m) % Mo
-------------------------------------------------------------------

-------------------------------------------------------------------
PM 08-1 49.3 55.3 6 0.51%
-------------------------------------------------------------------
incl 49.3 50.3 1 1.36%
-------------------------------------------------------------------

-------------------------------------------------------------------
PM 08-2 70.3 75.3 5 0.06%
-------------------------------------------------------------------
79.8 81.8 2 0.05%
-------------------------------------------------------------------

-------------------------------------------------------------------
PM 08-3 22.4 26.0 3.6 0.12%
-------------------------------------------------------------------
44.2 48.4 4.2 0.07%
-------------------------------------------------------------------
50.5 57.5 5.0 0.05%
-------------------------------------------------------------------
60.0 68.6 8.6 0.04%
-------------------------------------------------------------------

-------------------------------------------------------------------
PM 08-4 26.5 38.4 11.9 0.41%
-------------------------------------------------------------------
incl 26.5 31.0 4.5 1.50%
-------------------------------------------------------------------

-------------------------------------------------------------------
PM 08-5 47.9 76.3 28.4 0.08%
-------------------------------------------------------------------
incl 47.9 58.1 10.2 0.11%
-------------------------------------------------------------------
67.3 76.3 9.0 0.12%
-------------------------------------------------------------------
Partial
Assays
-------------------------------------------------------------------
PM 08-6 40.2 50.3 10.1 0.20%
-------------------------------------------------------------------

The current drilling continues to substantiate a positive .09% molybdenum
average grade on the property, with higher grade intersections also being seen
in many holes.

Compilation of all data collected during this phase 2 drill program combined
with the phase 1 drill program and historical exploration data continue to
confirm that significant molybdenum mineralization is present within the
pegmatite vein swarm along the contact of the Archean age Lateral Lake Stock.
This zone has an arcuate strike length of approximately 10 Kilometres. This
round of drilling highlights the fact that the main molybdenum zone is not
closed off. The Company continues to expand its drill program along strike of
the known molybdenum deposit area.

GEOLOGY OF THE PIDGEON MOLYBDENUM DEPOSIT

The Pidgeon Molybdenum Deposit is a unique deposit as it is not considered a
porphyry deposit. Molybdenite at the Pidgeon Molybdenum Deposit property is
located in a pegmatitic phase of a large granite intrusive body. The pegmatite
occurs as a continuous phase along the linear margin of the granite for a
strike length of approximately 10 kilometres. The pegmatite averages 30 meters
in true thickness and has a shallow dip. The linearity of the zone and a
uniform shallow dip make the deposit very amenable to open pit extraction.

Molybdenite appears to have been emplaced late in the system and may be
controlled by an extensive fracture network. Grades in any given section are
highly variable however the average content between individual sections shows
the grade has significant continuity with an average overall grade of 0.09%
molybdenum.

In addition to the margin of the granite, recent drilling has identified
molybdenum bearing pegmatitic phases within the granite itself as well as
mineralized pegmatite splays into the granite.

These recently identified aspects of the deposit indicate new prospective
settings as the resource continues to be expanded.

Molybdenum continues to trade on the open market at a price of approximately
$34.00 (US) per pound. At .09% molybdenum, the Pidgeon Molybdenum Deposit
property has an average grade of approximately 2 pounds Mo per tonne.

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
Laboratories in Saskatoon using a four acid digestion method. A stringent
program of quality control is employed throughout the exploration program with
standards, duplications and blanks being entered into the sample stream at 30
sample intervals.

MPH Ventures has also initiated a large surface stripping program with a D5
tractor and a backhoe. This will enable the geologists to have a fresh look at
previously unexposed molybdenum zones that lie near surface. Geological
surface mapping will better enable the Company to further expand the known
Pidgeon molybdenum zone.

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.

SOURCE MPH Ventures Corp.

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