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2015-10-05

MPH Ventures Corp.: MPH Ventures Closes First Tranche of Non-Brokered Private Placement

VANCOUVER, British Columbia, Oct. 5, 2015 (GLOBE NEWSWIRE) --MPH Ventures Corp
.
(TSX-V:MPS) (OTCBB:MPSFF) (Frankfurt:IJA2) (the "Company") is pleased to
announce, further to its news release of August 14th, the Company has closed
the first tranche of its non-brokered private placement financing and has
raised $402,800.00 by the issuance of 8,056,000 Units (the "Units") at a
deemed price of $0.05 per Unit. Each Unit consists of one common share and
one non-transferable share purchase warrant (the "Warrant"). Each Warrant
entitles the holder to purchase one additional common share at a price of
$0.075 per share for a period of five years expiring October 5, 2020. Shares
issued in connection with this private placement including any shares issued
as a result of the exercise of any Warrants will be subject to a four month
hold period expiring February 6, 2016. Aggregate finder's fees of $15,891.40
cash and 226,100 agent warrants ("Agent Warrants") have been paid in
connection with this offering. The Agent Warrants are subject to the same
terms and conditions as the subscriber Warrants. Jim Pettit and Don Huston,
insiders of the Company, purchased 300,000 and 60,000 Units respectively and
pro groups purchased 1,400,000 Units of the private placement.

The proceeds will be used to complete MPH Ventures' previously announced
acquisition of a 20% interest in Travelucion, an online travel digital media
company servicing international visitors to Cuba (seeJuly 8th&August 14thnews
releases), as well as for general working capital purposes.

The private placement is subject to TSX Venture Exchange acceptance.

MPH Ventures has signed a Definitive Agreement with the shareholders of
Travelucion S.L. pursuant to which the Company shall acquire a 20% interest
in Travelucion S.L. in exchange for common shares of MPH Ventures and
$100,000 in cash with an option to acquire the remaining 80% interest. The
Definitive Agreement is subject to TSX Venture Exchange approval.

Travelucion is a cash-flow positive online travel digital media company that
specializes in travel marketing, electronic reservation and online booking
solutions for international visitors to Cuba. It 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. Recently, 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 normalize and with travel restrictions on
Americans visiting Cuba expected to gradually relax. Online booking is one of
the fastest growing sectors in the travel industry and Travelucion is poised
to take advantage of this rapid growth.

Travelucion owns 100% of 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 indulge in high end hotel and
spa accommodations or create uniquely Cuban travel packages with exclusive
private home rentals, exotic/antique car services and access to a multitude
of exhilarating guided or self-discovery tours across Cuba. Travelucion has
also developed a strong social media platform of passionate Cuba social media
followers across Facebook, Twitter, Pinterest and Instagram.

MPH Ventures and Travelucion will continue to expand the existing travel and
Cuba focused marketing initiatives in numerous sectors with a specific
spotlight on the emerging U.S.-Cuba travel market.

About MPH Ventures Corp.:

MPH Ventures Corp. has approx. 22.1 million shares issued and outstanding.

MPH-Travelucion Presentation:
http://www.mphventurescorp.com/i/pdf/MPS_PPT.pdf

For further information on MPH Ventures Corp. (TSX-V:MPS) visit the Company's
website atwww.mphventurescorp.com.

MPH VENTURES CORP.

"Jim Pettit"

JAMES G. PETTIT
President&CEO

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

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE.

This release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address events or developments that
management of the Company expects, are forward-looking statements. Although
management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance, and actual results or developments may
differ materially from those in the forward-looking statements. The Company
undertakes no obligation to update these forward-looking statements if
management's beliefs, estimates or opinions, or other factors, should change.
Factors that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and financing, and
general economic, market or business conditions. Please see the public
filings of the Company atwww.sedar.comfor further information.

CONTACT: Email: info@mphventurescorp.com
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: MPH Ventures Corp. via Globenewswire

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