Wed Oct 31, 2007
Purchase of Pidgeon Molydenum Mines Shares from Rio Algom and Goldcorp to close next week

Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) announces that further to its News Release dated October 17, 2007, the closing of the Company's acquisition of 93.45% of the outstanding shares of Pidgeon Molybdenum Mines Limited from Rio Algom Limited, a wholly-owned subsidiary of BHP Billiton Ltd. (NYSE: BHP) and Goldcorp Inc. (TSX: G) has been extended to November 7, 2007 at the consent of all parties.

MPH Ventures Corp. is a gold, silver, copper, and molybdenum exploration company focused on mineral development within Canada and Latin America.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"