Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) (the "Company") announces that it has closed its 1,800,000 Flow-Through Unit private placement announced by News Releases dated November 7 and 23, 2007. The Company raised the sum of $450,000 by the issuance of 1,800,000 Flow-Through Units. The Company intends to utilize the proceeds of the private placement for its Pidgeon Molybdenum Deposit project located approximately 50 kilometres east from the city of Dryden, District of Kenora, Northwestern, Ontario.

The Flow-Through Units are at a price of $0.25 per Unit. Each Unit consists of one flow-through common share and one share purchase warrant, which entitles the holder to purchase an additional non flow-through common share at a price of $0.31 until the close of business December 2, 2009.

The common shares and warrants issued under the placement and any shares issued pursuant to the exercise of the share purchase warrants, are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring April 4, 2008.

The following pros and insiders participated in this private placement: Jim Pettit (I), Donald C. Huston (I), Shayne Nyquvest (P) and Andrew Muir (P).

MPH Ventures Corp. is a molybdenum and precious metal exploration company focused on mineral development within Canada and Latin America.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
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JAMES G. PETTIT