Ocean Park Enters Option Agreement on the Trapper Gold Project in British Columbia

Ocean Park Ventures Corp. ("Ocean Park" or the "Company") (TSX VENTURE:OCP) is
pleased to announce that it has signed an option agreement with Constantine
Metal Resources Ltd. ("CMR") dated November 29, 2010 (the "Option"), to acquire
a 50% interest in CMR's Trapper Gold Project. Pursuant to the terms of the
Option Agreement, the Company will pay $100,000 and issue 100,000 common shares
to CMR upon receipt of applicable regulatory approvals. 


The Trapper Gold Project comprises 9 contiguous mining claims (3,756 hectares)
that make up the Trapper Gold property (the "Property"), located in the Atlin
Mining Division in northern British Columbia. The Property lies 45 kilometres
north of the Golden Bear mine road, accessed from Dease Lake and 200 kilometres
south of the Yukon-BC border. The Property covers a very large gold-in-soil
anomaly that has not yet been drill tested. The gold anomaly has been
established with more than 900 soil samples defining a greater than two
kilometre long zone that averages 200 metres in width and remains open ended
along strike. The gold anomaly is associated with mafic volcanic rocks assigned
to the Triassic aged Stuhinni Group that are intruded by diorite and dacitic
feldspar porphyry stocks. Extensive iron carbonate-silica alteration suggests
that the soil anomaly is associated with a robust large scale hydrothermal
system.


In order to maintain the Option and earn a 50% interest in the Property, the
Company must make cumulative exploration expenditures on the Property totalling
$4.75 million as follows: $750,000 by December 15, 2011, $1,250,000 by second
anniversary, $2,250,000 by the third anniversary and $4,750,000 by December 15,
2014. In addition, the Company must issue an additional 900,000 common shares to
CMR as follows: 200,000 by the second anniversary, 300,000 shares by third
anniversary and 400,000 shares by December 15, 2014.


After completing $4.75 million in exploration expenditures and issuing the share
consideration to CMR to earn the 50% interest, the Company may elect to extend
the Option and earn an additional 20% interest, for a total interest of 70%. To
earn the additional 20% interest the Company must issue an additional 500,000
common shares by December 15, 2015 and spend an additional $5 million in
exploration expenditures on the Property within three (3) years, with a minimum
annual expenditure of $1,000,000.


In the event that the Company exercises the Option, Ocean Park and CMR will
enter into a joint venture to further develop the Property, with each party
contributing to their pro rata portion of the approved exploration program. If,
at any time, a party's interest in the joint venture is reduced to below ten per
cent, it shall be deemed to have conveyed its interest proportionately to the
other party in consideration of the right to receive a 2% net smelter royalty
("NSR") for gold below US$1,000/oz, and 3% if above. One-half of the NSR and a
right of first refusal on the other half can be repurchased by the other party
for $2,500,000.


The parties may also jointly purchase 1% of the 2.5% NSR that currently exists
on the Property in favour of its previous owner, by contributing that portion of
$500,000 that equals each party's relative interest in the Property at the time
of the NSR purchase, with a first right of refusal on the remaining 1.5% NSR. 


The acquisition is subject to regulatory approval.

Trapper Gold Project Background 

Historical work in the early 1980's by Chevron Minerals of Canada, outlined a
large-scale, high-tenor gold-in-soil geochemical anomaly with initial
reconnaissance soil sampling followed by 700 grid controlled soil samples that
is now known as the Trapper Gold property (previously referred to as the Inlaw
property by Chevron). Within the greater than one kilometre long anomaly, 13
individual soil samples yielded gold values greater than 1000 ppb gold (1.0
g/t), and two sites yielded greater than 8000 ppb (8.0 g/t) gold. Reconnaissance
sampling by CMR in 2010 extended the anomaly 1000 metres along trend for a total
length in excess of two kilometres. The anomaly, which encompasses numerous
supportive +100 ppb Au values, occurs with elevated arsenic and antimony, and is
associated with pervasive iron carbonate-silica+/-clay alteration that can be
traced on surface for a distance of five kilometres. A 1984 Chevron follow-up
program carried out prospecting and preliminary mapping with more than 30 grab
samples and 11 channel samples. One grab sample assayed greater than 10,000 ppb
(10 g/t) gold and 11 one meter channel samples averaged 1.9 g/t gold and 9 g/t
silver with a range of 0.3 g/t gold to 6.2 g/t gold. Further work recommended by
Chevron geologists was apparently not carried out. 


Mr. Chris Taylor, M.Sc. P.Geo, is a Senior Geologist with Ocean Park and is the
Qualified Person as defined by National Instrument 43-101, who supervised the
preparation of the above information. The information was obtained from previous
public disclosure by CMR. 


OCEAN PARK VENTURES CORP.

On behalf of the Board

Paul Matysek, Acting President and Chairman

This new release may contain forward-looking statements. These statements are
based on current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of factors
discussed in the management discussion and analysis section of our interim and
most recent annual financial statement or other reports and filings with the TSX
Venture Exchange and applicable Canadian securities regulations. We do not
assume any obligation to update any forward-looking statements.