Fri Mar 6, 2009 MPH Ventures issues shares to Skyharbour for Debt Settlement Relating to Red Lake Gold Property, NW Ontario
Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) ("MPH") and Skyharbour Resources Ltd. (TSX-V: SYH) ("Skyharbour") announce that further to their respective news releases of February 6, 2009, MPH has issued 500,000 common shares to Skyharbour in connection with a Debt Settlement Agreement. Pursuant to the terms of the agreement, MPH agreed to issue Skyharbour 500,000 common shares to settle the outstanding debt and accrued interest, relating to non-contribution to work programs on the companies' 50/50 joint venture Heyson gold property in the amount of $85,000.
The common shares issued to Skyharbour will be subject to a four month restriction on re-sale, expiring on July 6, 2009.
The 7,000 acres Heyson property lies to the south of the former Howey and Hasaga gold mines in the southern portion of the central Red Lake gold belt, 5 km southwest of the operating Goldcorp Red Lake and Campbell gold mines in NW Ontario.
MPH Ventures Corp. is a precious metal and molybdenum exploration company focused on mineral development within Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
______________________________
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
MPH Ventures Corp.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@mphventurescorp.com
THE TSX VENTURE EXCHANGE AND FRANKFURT EXCHANGE HAVE NOT REVIEWED AND DO NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
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