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Message: Private Placement Announced
| February 12, 2009 |
| MPH Ventures Corp.: Private Placement Announced |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2009) - MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") announces it has arranged a non-brokered private placement of up to 5,000,000 units at a price of $0.05 per unit to raise gross proceeds of up to $250,000. Each unit consists of one common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one common share for a period of two years at a price of $0.10 per share. The Company may pay up to a 7.5% finder's fee, payable in cash or units, in connection with part of this private placement offering. The Company intends to utilize the proceeds of this private placement for a work program on its Red Lake, Ontario Heyson gold project and for general working capital purposes. Red Lake Ontario Heyson Project Map: http://www.mphventurescorp.com/i/map... The above transaction is subject to the acceptance of the TSX Venture Exchange. MPH Ventures Corp. is a gold and molybdenum 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 JAMES G. PETTIT, President |
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