MPH Ventures Completes Sale of Gould Property to Prodigy Gold Inc.

MPH Ventures Corp. (TSX VENTURE:MPS) (OTC PINK:MPSFF) (FRANKFURT:IJA1) is
pleased to announce that it has amended its Option Agreement with Prodigy Gold
Inc. (now Argonaut Gold Inc.) wherein Prodigy has acquired the remaining 40%
interest, such that it will have earned a 100% interest in the Company's Gould
property consisting of three mineral claims located in the Finan Township, Sault
St. Marie Mining Division, Ontario. 


Pursuant to the terms of the Amending Agreement, Prodigy has paid the sum of
$250,000 to MPH Ventures in lieu of the remaining first option and second option
consideration totaling $70,000, 100,000 common shares of Prodigy and exploration
expenditures totaling $650,000. MPH Ventures has retained a 2% net smelter
return in the Gould property.


MPH Ventures Corp. is a molybdenum and gold 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

FOR FURTHER INFORMATION PLEASE CONTACT: 
MPH Ventures Corp.
Don Myers
Director
604-687-3376
604-687-3119 (FAX)
Toll Free: 800-567-8181
[e-mail]