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2016-02-02

MPH Ventures Corp.: MPH Ventures to Change Name to Cuba Ventures Corp., Announces Proposed Change of Business, Planned Financing

VANCOUVER, British Columbia, Feb. 01, 2016 (GLOBE NEWSWIRE) -- MPH Ventures
Corp.
(TSX-V:MPS) (OTCBB:MPSFF) (Frankfurt:IJA2) (the "Company") is pleased to
announce a proposed Change of Business ("COB") which, subject to regulatory
acceptance, will see the Company transition from a Resource Issuer to a
Technology Issuer.

MPH Ventures Corp. is a Tier 2 TSX Venture listed company formed under the
laws of the Province of British Columbia, its primary focus has been the
exploration and development of mineral exploration properties located in
northwestern Ontario.

MPH Ventures' new business will commence through the acquisition of the
remaining 80% interest in Travelucion S.L. ("Travelucion"), from Steve
Marshall, a Canary Island resident and principal operator of Travelucion.
Travelucion is a privately owned limited liability company formed under the
laws of the Canary Islands, Spain.

Travelucion is an online travel and digital marketing company that specializes
in travel marketing, electronic reservations and online booking solutions for
international visitors to Cuba.

The COB will be accomplished through:

* the acquisition of the remaining 80% interest in Travelucion S.L. not
currently owned ("The Acquisition")
* the assembly of an experienced team of management professionals ("The
Team")
* a name change to Cuba Ventures Corp. to reflect the new business ("Name
Change")

The Acquisition

On July 8, 2015, MPH Ventures announced it had signed a Definitive Agreement
with Steve Marshall, the shareholder of Travelucion S.L. pursuant to which
the Company would acquire 20% of the shares of Travelucion S.L. in exchange
for 4,000,000 common shares of MPH Ventures and CAN$100,000 in cash with an
option, for a period of eight months, to acquire the remaining 80% of the
shares of Travelucion S.L. by the issuance of a further 16,000,000 common
shares of MPH Ventures.

On negotiation of the acquisition, Steve Marshall was arm's length to the
Company and its directors, officers and insiders.

On October 20, 2015, the Company completed the acquisition of a 20% interest
in Travelucion S.L. by the issuance of 4,000,000 common shares of MPH
Ventures at a deemed price of $0.05 per share and the payment of CAD $100,000
to Steve Marshall, the selling shareholder of Travelucion S.L..

On February 01, 2016, MPH Ventures gave notice to Travelucion S.L. of its
intention to exercise its option to acquire the remaining 80% of the shares
of Travelucion S.L..

The acquisition is subject to TSX Venture Exchange acceptance.

The Business

The COB is through the acquisition of the remaining 80% of the shares of
Travelucion S.L. not currently owned by MPH Ventures.

Travelucion owns one of the most significant portfolios of Cuba focused web
properties and domains that have been promoting Cuba and offering online
travel services to the Caribbean nation since 1995. Travelucion's revenues
have been increasing in the wake of the notable shift in American policy
towards Cuba as diplomatic relations between the two nations has now
normalized and with travel restrictions on Americans visiting Cuba starting
to gradually relax. Travel restrictions that make it difficult for most
Americans to visit the Caribbean island remain in place but new rules put in
place by U.S. President Obama has made it much easier for permitted Americans
to visit Cuba than it has been for the last half-century.

Travelucion owns 432 web assets popularizing Cuban Culture, Music,
Celebrities, over sixty major tourist destinations, Golf, Banking and
Commerce which collectively generate over 30 million page-views per year.
Through legacy agreements with Cuba's largest travel companies, Travelucion's
emblematic e-commerce brands like Havanatur.com, Cuba VIP and GoCuba provide
the company with access to a broader and more diverse portfolio of national
travel and tourism packages in Cuba than any other travel provider.
Travelucion is also uniquely established to handle the travel requirements of
qualified U.S. travelers to Cuba. This allows permitted U.S. travelers, in
addition to non-U.S. travelers, the ability to book online hotel and spa
accommodations or create Cuban travel packages with exclusive private home
rentals, exotic/antique car services and access to a multitude of guided or
self-discovery tours across Cuba.

Travelucion's unaudited financials for the 12 month period from January 1st to
December 31st, 2014 show a net income of CDN $6,177.00 on sales net of
cancellations and reductions of CDN $672,116.00. Travelucion's unaudited
financials for the 9 month period January 1st to September 30th, 2015 show a
net income of CDN $60,311.00 on sales net of cancellations and reductions of
CDN $1,071,833.00. Of particular note is the rapid growth in the net sales
numbers over the last few years. This growth in travel booking sales has
continued for the last quarter of 2015 as well as for January of 2016.

Travelucion plans to increase its revenues further by enhancing its corporate
profile through additional marketing and by focusing on Canadian and American
travelers. The majority of Travelucion's current sales are from Europe and
South America yet Americans represent 34% of visitors to Travelucion's
websites but account for less than 3% of the company's revenue. The company
plans to establish relationships and partnerships with large North American
travel companies and suppliers including cruise lines, water sports
companies, and medical tourism as well as ecotourism suppliers. MPH and
Travelucion will also overhaul and modernize the 432 websites that currently
generate over 30 million page-views per year that drive traffic to
Travelucion's booking platform to further monetize this online traffic. In
addition, the company will continue to build on its 150 private home (Casa
Particulars) rental listings using a model similar to that of Airbnb and
HomeAway, as well as its taxi/historic private car rental services.

The Team

Jim Pettit: President, CEO and Director

Jim Pettit, a North Vancouver, BC resident, has been a director of MPH
Ventures since January of 2002 and was appointed President and Chief
Executive Officer in 2004. He is currently serving on the board of directors
of several publicly traded companies and offers 25+ years of experience
within the industry specializing in finance, corporate governance, executive
management and compliance. Jim was previously Chairman and CEO of Bayfield
Ventures Corp. which was bought by New Gold Inc. in January 2015.

Steve Marshall: President, CEO of Travelucion S.L.

Steve Marshall, a Canary Island resident, is the President and CEO of
Travelucion and the owner of the remaining 80% interest in Travelucion and
its Cuban web domain/asset portfolio. He is a trilingual entrepreneur
specializing in international marketing and deal brokering having
successfully adapted to varied world markets throughout his career directing
marketing campaigns in Spain, France, Russia, Moldova, Ukraine and Cuba
including a multinational timeshare company and a multilevel digital
marketing corporation. Mr. Marshall spent 11 years in Cuba specializing in
Cuban joint ventures and successfully founded a number of companies
including, Primeras Inversiones, (Havana Free Zone), first State approved
real estate joint venture - CIMEX, Dimension W-Tech start-up joint venture
with the Ministry of Communications, and the first Cuba-centric online
marketing company handling over 30 million annual internet visitors with the
Ministry of Tourism. Steve's past Cuban ventures have received coverage in
the Financial Times, BBC News, CNN, Time Magazine, Washington Post, Chicago
Tribune, and The Wall Street Journal. Steve was a special advisor to a number
of Cuban corporations spearheading their entrance into the new economy and
providing support and investment in a range of commercial sectors. He is
knowledgeable concerning the idiosyncrasies of dealing with the Cuban
Government and Cuba's foreign investment laws.

Don Myers: Director

Don Myers, a Vancouver, BC resident, has served as a non-executive Director
and audit committee member of MPH Ventures Corp. since September 2005. Mr.
Myers is the Director of Corporate Communications at 98 Corporate Group
Resources Ltd. which provides public company administrative management
services including venture capital financing, business development,
accounting and corporate communications. He is currently serving on the board
of directors of three companies and manages the investor relations and
corporate communications of four publicly traded mineral exploration and
development companies. He has 30 plus years of experience in public company
management and investor relations having helped raise over $350 million in
venture capital for resource and technology companies listed on the TSX
Venture, NASDAQ and Toronto Stock Exchanges.

Amanda Chow, CPA, CMA: Director

Amanda Chow, a Burnaby, BC resident, has served as an independent Director and
audit committee member of MPH Ventures Corp. since November 2005. Ms. Chow is
a Chartered Professional Accountant (CPA, 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.

Name Change

MPH Ventures Corp. board of directors has approved a name change to Cuba
Ventures Corp. to better reflect the Company's new business direction.

Private Placement

MPH Ventures announces a non-brokered private placement of up to 10,000,000
units (the "Unit") at a price of $0.05 per unit to raise proceeds of up to
$500,000. Each Unit will consist of one common share and one half of one
non-transferable share purchase warrant (the "Warrant"). Each whole Warrant
will entitle the holder to purchase one additional common share, for a period
of two years, at a price of $0.075 per share.

The proceeds will be used for the aforementioned growth opportunities and
corporate developments with Travelucion, as well as for general working
capital purposes.

A finder's fee of 7% in cash and 7% in non-transferable warrants (the
"Finder's Warrants") may be paid in connection with part of this private
placement. Each Finder's Warrant will entitle the finder to purchase a common
share at a price of $0.075 per share for a period of two years from the
closing date of the private placement.

The private placement is subject to TSX Venture Exchange acceptance.

Sponsorship

MPH Ventures will apply to the TSX Venture Exchange for a waiver of the
requirement to engage a sponsor with respect to the COB; however, there is no
assurance that a waiver will be granted. The Company intends to include any
additional information regarding sponsorship in a subsequent press release.

Shareholder Approval

Författare WKR

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