MPH Ventures to Consolidate Shares 1 for 10, Private Placement Announced

MPH Ventures Corp. (TSX VENTURE:MPS) (OTC GREY:MPSFF)(FRANKFURT:IJA1) announces
that it intends to effect a consolidation of its common shares on the basis of
one new common share for every ten common shares outstanding. The name of the
Company will not change and the trading symbol will remain the same.


Management and the Board of Directors believe that the share consolidation is in
the best interests of the Company and its shareholders. Management believes that
the share consolidation will allow MPH Ventures important flexibility in order
for the Company to complete future financings. 


The Company currently has 80,825,010 common shares outstanding and, following
the share consolidation on a ten to one basis, will have 8,082,501 common shares
outstanding. No fractional common shares will be issued and no cash will be paid
in lieu of fractional post-consolidation common shares but the number of common
shares to be received by a shareholder will be rounded down to the nearest whole
common share.


MPH Ventures also announces it has arranged a non-brokered private placement of
up to 12,000,000 post consolidated units (the "Unit") at a price of $0.05 per
unit to raise proceeds of up to $600,000. Each Unit consists of one post
consolidated common share and one non-transferable post consolidated share
purchase warrant (the "Warrant"). Each Warrant will entitle the holder to
purchase one post consolidated common share for a period of two years at a price
of $0.10 per share. The Company intends to utilize the proceeds from this
private placement for further property investigation and for general working
capital purposes.


A finder's fee of up to 7% cash and 7% non-transferable warrants (the "Finder's
Warrants") may be paid in connection with part of this private placement. Each
Finder's Warrant will entitle the finder to purchase a common share at a price
of $0.10 per share for a period of two years from the closing date of the
private placement.


The share consolidation and the private placement are subject to approval by the
TSX Venture Exchange.


About MPH Ventures Corp.:

MPH Ventures Corp. is a molybdenum, graphite 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 

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 release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address events or developments that
management of the Company expects, are forward-looking statements. Although
management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The Company undertakes
no obligation to update these forward-looking statements if management's
beliefs, estimates or opinions, or other factors, should change. Factors that
could cause actual results to differ materially from those in forward-looking
statements, include market prices, exploration and development successes,
continued availability of capital and financing, and general economic, market or
business conditions. Please see the public filings of the Company at
www.sedar.com for further information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
MPH Ventures Corp.
James G. Pettit
President
604-687-3376
604-687-3119 (FAX)
Toll Free: 800-567-8181
[e-mail]


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