VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2008) - MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") announces that it has cancelled a non-brokered private placement announced October 31, 2008.

The Company has determined that it has sufficient funds to complete its updated NI 43-101 resource calculation on its 100% owned Pidgeon Molybdenum Deposit project located at the east end of Lateral Lake, Echo Township, northwestern Ontario.

New 3D Video on Pidgeon Molybdenum Deposit - Oct. 2008: http://www.mphventurescorp.com/i/mis...

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 VENTURE:MPS) visit the Company's web site at www.mphventurescorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Jim Pettit, President