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.
Click Here for Red Lake Ontario Heyson Project Map
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the RED LAKE district of northwestern Ontario, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
DONALD G. MYERS
For further information contact:
Skyharbour Resources Ltd.
Toll Free: 800-567-8181
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