Heyson Red Lake Gold Property (7,000 acres)

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MPH Ventures Corp. owns 50% of the 7,000 acres Heyson property with Skyharbour Resources Ltd. as operator owning the other 50% interest. The 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. Prior to Skyharbour optioning the property, there was very little reliable historical information available on the property. Whatever was available was difficult to substantiate. It was decided that a property scale till sampling survey should be undertaken to identify areas on the property that might host significant gold deposits. The Company identified a large, well-defined "gold-in-till" anomaly (Sully Creek Till Anomaly) on the property. The width of the anomaly covers 350 metres along a strike length of 1.5 kilometres. Sampling indicates the source of the gold-in-till anomaly is on the property. The probable source area is low ground covered by tills and capped by lacustrine clays rendering most conventional surface exploration techniques ineffective. Drilling in 2003 tested the Sully Creek Till Anomaly and identified gold values within a distinct hematite-epidote alteration system with the most significant intercept grading 59.4 grams per tonne over 0.4 metres.

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A 17-hole (approx. 3,000 metres) reconnaissance drill program has been completed on the Heyson Property. This drill program was to test the Sully Creek Till Anomaly by identifying structural controls and geology that may be attributable to the source of the anomaly. This drill program proved to be very successful.

MPH Ventures and Skyharbour Resources intersected zones of gold mineralization while drilling the eastern half of the till anomaly. Hole #3 encountered a high-grade gold intercept (visible gold) of 59.4 g/t over 0.4 metres. This intercept occurs in veining in a highly altered zone of fracturing and brecciation in the upper part of a shallow dipping diorite body. The alteration is approximately 15 metres thick. Hole #4 intersected 45 metres of 3% disseminated sulphides in felsic volcanics with elevated gold values throughout. Holes #3 and #4 are on strike and 700 metres apart.

Although this discovery was found in an alteration not typically associated with deposits in the Red Lake gold camp, the alteration assemblage is typical of a number of gold mines in the Canadian Achaean. This discovery is the result of the rigorous application, by MPH Ventures & Skyharbour Resources, of an exploration model as opposed to a geologic model. Not only has MPH Ventures & Skyharbour Resources found a new system in the region, but we now know there is gold in the system.

As a result of the 2004 drill program conducted on the property and data compilation of these results, a significant budget of continued exploration is recommended on the Heyson Gold Project. A budget consisting of primarily diamond drilling would be undertaken to explore the full extent of the newly discovered distinct hematite-epidote alteration system that contains a very large "gold-in-till" anomaly on the property. The scale of this alteration has only been partially defined but is believed sufficient in size and character to have the potential to host significant deposit scale gold mineralization. This alteration is now known to extend along a strike length of a least 1 kilometre and affect a section of rock of up to 100 metres thick. This system is characterized by intense hematite-epidote alteration, brecciation and fracturing associated with intrusive porphyries. The magnetic data has also been useful in identifying structural and lithological trends across the property. Only a small part of the Heyson property has been explored to date. MPH Ventures remains optimistic that a 2,500 - 3,000 metres drill program could greatly enhance the value of the Heyson property in Red Lake, Northwestern Ontario.