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



    TSX Venture Exchange Symbol: MPS

    VANCOUVER, July 22 /CNW/ - 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 No. 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 No. 1 and No. 2 were collared in the known zone of
molybdenum to confirm past data indicating higher molybdenum grade in the
interior zone.

    Drill holes No. 3 and No. 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 No. 5 and No. 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 No. 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 No.         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.





For further information:

For further information: 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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MPH VENTURES CORP.

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