Mill Bay Ventures Inc V.MBV

Mill Bay (MBV) News Release..;

[sueron]

VANCOUVER, BRITISH COLUMBIA, Jun 21, 2007 (CCNMatthews via COMTEX News Network) -- CMQ Resources Inc. (TSX VENTURE:MBV)(PINK SHEETS:MLBVF) reports, "during the fall of 2006, CMQ completed 3 holes totaling 4,248 feet of drilling, including 1,441 feet of coring in the Valmy Hill focus area approximately two miles north of Hot Springs North. The Valmy Hill area exhibits surface mineralization that may indicate leakage from potential ore bodies in carbonate rocks at depth. The gold concentrations in these drill holes are not significant commercially, but the thicknesses are very encouraging. CMQ believes that considering the presence of highly altered lower plate carbonates and the substantial thicknesses of low concentrations of gold, continued nearby exploration could yield significant results. John Hogg, VP of Exploration for Vasquir Mines, is a qualified person, as defined by National Instrument 43-101, has approved this press release. Mill Bay is actively evaluating, acquiring and exploring prospective properties in Canada and the United States. Mill Bay also has gold properties in Bridge River, British Columbia and in the Battle Mountain Trend, Nevada. For more information about current properties, please see website: www.millbayventures.com On behalf of the Board of Directors of Mill Bay Ventures Inc. William Glasier President PREVIOUS NEWS RELEASE September 26, 2005 Mill Bay Ventures Inc. through its wholly owned subsidiary, Golden Reef Mining Co. Ltd. ("Golden Reef") owns certain mining claims known as the E&E Group and DH Group, consisting of 54 unpatented mining claims, all located in Eureka County, Nevada (collectively, the "E&E Group and the DH Group"). Golden Reef has granted a ten year mining lease to Vasquir Mines Inc., a subsidiary of CMQ Resources Inc. ("CMQ") of the E&E Group and the DH Group, subject to 3% net smelter returns, in consideration of the following minimum advance royalty payments (in US dollars) and minimum work commitments: Advance Common Minimum Work Date Royalty Stock Completed By October 1, 2005 $ 35,000 100,000 - October 1, 2006 $ 40,000 100,000 None October 1, 2007 $ 50,000 100,000 10,000 feet October 1, 2008 $ 75,000 100,000 12,000 feet October 1, 2009 $ 75,000 500,000 15,000 feet October 1 of each $150,000 subsequent year The above payments will be made in the form of Common Stock of CMQ valued at $.43 (Cdn.). On behalf of the Board of Directors of Mill Bay Ventures Inc. William Glasier, President SOURCE: Mill Bay Ventures Inc. Mill Bay Ventures Inc. William Glasier President [phone] [phone] (FAX) Email: [e-mail] Website: www.millbayventures.com Copyright (C) 2007 CCNMatthews. All rights reserved. © 2007 Stockgroup Media Inc. | Disclaimer