MPS

MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") announces
that that further to its news releases dated November 4, and 26, 2010, it has
closed its non-brokered private placement and issued a total of 21,000,000 units
at a price of $0.05 per unit to raise gross proceeds of up to $1,050,000. Each
unit consists of one common share and one non-transferable share purchase
warrant which entitles the holder to purchase one additional common share of the
Company at a price of $0.10 per share. The Company closed the private placement
in two tranches. 11,720,00 share purchase warrants are exercisable until
December 1, 2013 and the balance of 9,280,000 share purchase warrants are
exercisable until December 15, 2013.


The 11,720,000 common shares issued under the first tranche closing and any
shares issued upon exercise of the warrants will be subject to a four month
restriction until April 1, 2011. The balance of 9,280,000 common shares in
connection with the second tranche closing and any shares issued upon exercise
of the warrants will be subject to a four month restriction until April 16,
2011.


The Company paid a cash finder's fee finder's fee totaling $20,437.50 and issued
225,000 units as a finder's fee. The 225,000 finder's units are on the same
terms and conditions as the units issued under the private placement.


MPH intends to utilize the proceeds of this private placement for its 3400 acre
Pidgeon Molybdenum Deposit Project located approximately 50 kilometres east of
Dryden, in Northwestern Ontario, and for general working capital purposes.


Pidgeon Molybdenum Deposit Project Claims Map:
http://www.mphventurescorp.com/s/Image.asp?i=maps/MPS-ON-Pidgeon-area-map.gif

About MPH

MPH Ventures is focused on the development of its wholly owned gold and
molybdenum projects located throughout Ontario. Management of MPH has extensive
expertise in identifying and adding value to exploration projects throughout
Ontario, 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

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