Suite 2230 - 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8
www.mphventurescorp.com
TSX Venture Exchange Symbol: MPS Telephone: (604) 687-3376
Email: info@mphventurescorp.com Facsimile: (604) 687-3119
NEWS RELEASE
September 17, 2009
MPH Ventures Acquires Three Gold Properties in
Timmins, NE Ontario
Vancouver, BC - MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the
"Company") is pleased to announce that it has entered into an
Acquisition Agreement with certain vendors (the "Vendors) to acquire
a 100% interest in three contiguous gold exploration properties
referred to as the Godfrey Gold property comprised of approximately
700 acres located in the Godfrey and Bristol Townships, Timmins
Mining Division of northeastern Ontario.
Godfrey Gold property location map:
http://www.mphventurescorp.com/i/maps/MPS-Timmins-Area-Map.jpg
The Godfrey Gold property is located 20 km west of Timmins, Ontario
and 9 km northwest of the Lakeshore Gold Timmins Mine. The property
covers several historical gold occurrences. Previous operators
exposed a 125 metre long trench within a highly altered felsic
intrusion. Multiple quartz veins and shear structures contain
pyrite, chalcopyrite, galena and visible gold with grab sample assay
results up to 13.8 oz/t Au (386.4 g/t Au). A sampling program in
2008 returned high grade gold results including 1.5 oz/t Au and 0.79
oz/t Au from grab samples.
MPH Ventures has not yet completed the work necessary to verify the
historical results and since they are historical in nature and are
non-compliant with NI 43-101, the results should not be relied upon.
An exploration program consisting of line cutting, mechanical
trenching and ground geophysics is planned for the Godfrey Gold
property this fall to be followed by a drilling program.
Todd Keast, PGeo., is the qualified person under the meaning of
National Instrument 43-101 and has reviewed the data in this News
Release.
Pursuant to the terms of the Agreement, the Company has agreed to pay
the sum of $10,000 and issue an aggregate of 1,500,000 common shares
to the Vendors in accordance with their respective interests in the
Godfrey Gold property. The property is subject to a 2% net smelter
return royalty (the "NSR") in favour of the Vendors. MPH Ventures
has been granted a right to purchase one-half of the NSR on the
Godfrey Gold property by paying the Vendors the sum of $1,000,000 for
the 1% NSR acquired.
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-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
For further information 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
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF
THIS NEWS RELEASE.
This news release may contain certain "Forward-Looking Statements"
that may involve a number of 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. For a more detailed discussion of
such risks and other factors, refer to the Company's filings with
Canadian Securities regulators available on www.sedar.com.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.