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Message: Mph Ventures Aquires Yukon Property next to " UNDERWORLD"

Mph Ventures Aquires Yukon Property next to " UNDERWORLD"

posted on Jun 18, 2009 12:33PM


MPH VENTURES ACQUIRES YUKON PROPERTY ADJACENT TO UNDERWORLD’S WHITE GOLD PROJECT.

Vancouver, BC – MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the “Company”) is pleased to announce it has entered into an agreement to acquire a 100 % interest in the Quartz Claims property. This property consists of 22 unit blocks located in the Yukon Territories adjacent and to the north-east of Underworld Resources Inc’s White Gold property. The total land package is approximately 950 hectares. Underworld has been exploring sediment and vein-hosted gold targets and they have recently announced (see their news dated May 26, 2009) a discovery hole of 103 metres of 3.4 grams per tonne gold. The land to the east, west, and south of the Quartz Claims Property has now been completely staked and a staking rush appears to be underway. The Company is planning to mobilize a field crew to perform detailed mapping and sampling in the next few weeks.

Yukon Map Showing Area of Interest:

http://www.mphventurescorp.com/s/Ima...

Quartz Claims Property Map:

http://www.mphventurescorp.com/i/map...

MPH Ventures will pay the Vender $75,000 cash and 800,000 shares of MPH plus a 3% NSR with an option to buy back 1% for $1 million. The Company also agrees to spend $250,000 over the next 12 months as a work commitment.

The Company will pay a finder’s fee of 75,000 common shares in connection with the property acquisition.

The above transaction is subject to the acceptance of the TSX Venture Exchange.

MPH Ventures Corp. is a gold and mineral exploration company focused on mineral development within Canada.

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