MPH Ventures Corp.

COMPANY DATA | INTRODUCTION |  PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

COMPANY DATA

INTRODUCTION

MPH Ventures Corp. is a gold, silver, and molybdenum exploration company focused on mineral development within Canada and Latin America. The Company continues to aggressively seek mineral exploration projects in Canada, as well as within Ecuador and Peru.

PROJECT IN HAND

(1) Pidgeon Molybdenum Project, Kenora Mining District, Northwestern Ontario

MPH Ventures has acquired a significant molybdenum (Mo) deposit with a historical (Non National Instrument 43-101 compliant) inferred resource. The Company has commissioned Wardrop Engineering Inc. to review all the historical data and complete a National Instrument 43-101 compliant report on the deposit. The project, the Pidgeon Molybdenum Deposit, is located in the Echo Township, Kenora Mining District, northwestern Ontario.

The 210 hectares project was initially developed by Rio Algom and Dickenson Mines in the 1970's and subsequently acquired by BHP Billiton and Goldcorp (respectively) through ongoing mergers and acquisitions. The most extensive work was conducted by Rio Algom in the late 1970's with reports written by Strathcona Mineral Services Ltd. on behalf of Rio Algom in 1980. The Company believes the potential to increase both the grades and probably reserves warrants immediate exploration on the property.

Project highlights include:

• The property was initially acquired by Rio Algom and Dickenson Mines in the 1970's and subsequently by BHP Billiton and Goldcorp (respectively) through ongoing mergers and acquisitions. 

• Approximately 76 holes have been drilled on the property over the last 50 years. The most extensive work was conducted by Rio Algom in the late 1970's with reports written by Strathcona Mineral Services Ltd. on behalf of Rio Algom in 1980.

• A significant inferred resource estimate and defined mineralization zone was reported on the property by Strathcona Mineral Services. Historic estimates of a global resource up to 55 million tons at 0.08% Mo. This data was compiled prior to the National Instrument 43-101 standards, and is reported for information purposes only and should not be relied upon.

• Strathcona Mineral Services report also shows that the molybdenum deposit is open in all directions. The Company believes that the grade and tonnage potential of the property can be further increased through deeper in-fill drilling within the mineralization zone.

• MPH Ventures has commissioned Wardrop Engineering Corp. to bring the historic reports to National Instrument 43-101 standards.

Molybdenum Market Overview

Molybdenum (Mo), or "Moly" for short, is used as an alloying agent in steel to enhance strength and resistance to wear and corrosion. It is also used in lubricants developed for high-temperature and high-pressure applications. There are no known substitutes for molybdenum's unique properties which are used in most of the present day super-alloys. Molybdenum has risen in value from $3.00 per pound to $35 per pound over the last few years due to the strong demand and short supply.

(2) M10 Gold, Silver & Base Metal Project, Ecuador

MPH Ventures Corp. holds a 50% interest in Lateegra Gold Corp.'s (TSX-V:LRG) mining concession under the name M10 property, a volcanogenic massive sulphide prospect. 

The M10 property is located in the Pichincha Province, 50 km west-southwest of the capital, Quito in Ecuador immediately north of and adjoining Cornerstone Capital and Coastport Capital's La Plata gold-silver-copper-zinc rich VMS deposit and covers an area of 5,600 hectares.

The property was identified by Ing Fredy Salazar who was instrumental in the identification of Aurelian Resources' El Condor project. The M10 concession covers 7.5 km of potential strike length of favorable geology. Documented mineral showings are reported to exist on the property including the El Diablo showing located on the south limits of the property.

On February 14, 2007, MPH Ventures announced that it had commenced a field program on the M10 massive sulphide prospect. MPH Ventures was able to locate maps of field work carried out in the early 1990's, which have assay data and geological mapping information. The Company's field crew is going back to these areas of earlier work and will attempt to verify the information contained therein.

The Company is also aggressively seeking properties within the southeastern provinces of Zamora-Chinchipe and Morona-Santiago, where leading junior exploration companies, such as Aurelian Resources and Corriente Resources, have made world class gold and copper deposit discoveries.

(3) Heyson Project, Red Lake, Northwestern Ontario

MPH Ventures Corp. owns 39% of the 9,000 acres Heyson property with Skyharbour Resources Ltd. as operator owning the other 61% interest. The property lies in the southern portion of the central Red Lake gold belt, 5 km south of the operating Goldcorp's Red Lake and Campbell gold mines.

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 km. 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 g/t gold over 0.4 metres.

Only a small part of the Heyson property has been explored to date. MPH Ventures remains optimistic that a 2,500 - 3,000 metre drill program could greatly enhance the value of the Heyson property.

MANAGEMENT

MPH Ventures Corp. has a well management team with experience in different areas.

James G. Pettit, President & Director
Mr. Pettit has been a Director of MPH Ventures Corp. (formerly ITL Capital Corporation) since January of 2002 and was appointed President in 2004. Mr. Pettit is currently serving as a Director on the Boards of 8 public resource companies and offers 15 years experience within the industry specializing in finance, corporate governance, management, and compliance.

He specializes in the early stage development of private, as well as public companies. His background over the past 15 years has been focused primarily within the resource sector where he has managed and directed junior mining companies through good times and bad.

Allen L. Cole, B.A., LLB., Vice President of Exploration
Mr. Cole joined MPH Ventures Corp. in December of 2006 as the Company's Vice President of Exploration. He oversees the Company's Ecuador exploration projects, and will aid in the identifying and negotiations of other suitable mining projects or properties for potential acquisition by the Company.

Mr. Cole has over 20 years of experience in the mineral exploration and development sector including Exploration Manager for Fortress Minerals Corp., and Project Manager & Manager of Corporate Development for Entree Gold Inc., both with projects in Mongolia. His experience includes negotiating drill contracts, employment contracts, organizing geophysical surveys, soil sampling, and camp construction, acting as local government liaison, and conducting exploration programs in foreign countries.

Donald C. Huston, Director
Mr. Huston has been associated with the mineral exploration industry for over 25 years and has extensive experience as a financier and in-field manager of numerous mineral exploration projects in North America. He was born and raised in Red Lake, Ontario and spent 15 years as a geophysical contractor with C.D. Huston & Sons Ltd. as mineral exploration consultants in northern Ontario, Manitoba, and Saskatchewan. Mr. Huston serves as a Director of 5 Canadian public resource companies.

Amanda Chow, CMA, Director
Ms. Chow serves as an independent Director of MPH Ventures Corp. She is a Certified Management Accountant (CMA) and a graduate of Simon Fraser University where she earned her Bachelor of Business Administration degree. She began working with public companies in 1999.

Donald G. Myers, Director
Mr. Myers serves as a Director of MPH Ventures Corp. He has over twenty years of experience in public company management and corporate communications working with companies listed on the TSX Venture, NASDAQ, and Toronto Stock Exchanges. Mr. Myers' background includes holding the position of Director and Officer of several junior public companies listed on the TSX Venture Exchange.

Nancy Ackerfeldt, Corporate Secretary
Ms. Ackerfeldt has over 20 years of experience in public company administration and compliance, working primarily with junior public companies listed on the TSX Venture Exchange. Since August 1995, Ms. Ackerfeldt has been employed with 98 Corporate Group Resources Ltd., a private management and administrative service company which provides office space, accounting, legal, secretarial and support services to public companies.

David Busch, B.A., B.Sc.(Hons), P.Geo., Exploration Manager and Qualified Person
With over 30 years experience exploring northwest Ontario's gold belts, Mr. Busch is considered one of Canada's foremost authorities on the geology and exploration of Archaean lode gold deposits, particularly the Red Lake & Birch-Uchi greenstone belts. He is the Company's qualified person as defined in National Instrument 43-101.

NEWS UPDATE

On November 2, 2007, MPH Ventures Corp. announced that it had signed an agreement with KTTM Geophysics to conduct an Internet protocol chargeability/resistivity and magnetometer survey on its M10 property located in the Pichincha Province, 50 km west-southwest of the capital, Quito in Ecuador.

MPH Ventures has expanded its holdings in Ecuador and acquired a 50% vested interest in the Efyza II concession contiguous with the M10 concession. This additional acquisition has solidified MPH Ventures' land position in this very prospective area of Ecuador.

On October 31, 2007, MPH Ventures Corp. announced that further to its news release on Stockwatch on October 17, 2007, the closing of the Company's acquisition of 93.45% of the outstanding shares of Pidgeon Molybdenum Mines Ltd. has been extended to November 7, 2007, at the consent of all parties.

On October 18, 2007, MPH Ventures Corp. announced that further to its news release on Stockwatch on October 17, 2007, MPH Ventures will make an offer to the remaining minority shareholders of Pidgeon Molybdenum Mines Ltd. (PMML) to acquire all of their shares for a purchase price of $36,646.26. The minority shareholders hold a 6.55% interest in PMML.

On October 17, MPH Ventures had amended the terms of its agreement with Rio Algom Limited, a wholly owned subsidiary of BHP Billiton Ltd. and Goldcorp Inc. for the acquisition by MPH Ventures of 93.45% of the outstanding shares of PMML.

Under the terms of the amended agreement, MPH Ventures has agreed to purchase all existing shares of PMML held by BHP Billiton and Goldcorp for the sums of $353,290.47 and $103,216.14 respectively. The Company also agrees to make a payment of $93,493.39 to BHP Billiton in respect to existing debt owed by PMML to Rio Algom.

The transaction is subject to TSX Venture Exchange acceptance with closing scheduled for October 31, 2007.

MPH Ventures also has arranged a non-brokered private placement of up to four million units at a price of 20 cents per unit. The Company intends to use the proceeds of the private placement for general working capital and expenses with respect to its Pidgeon molybdenum deposit project.

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