Mill Bay Ventures Inc. Gold Properties and Mineral Exploration News

DRILLING STARTS ON MILL BAY VENTURES' LODE MINING CLAIMS IN NEVADA BY CMQ RESOURCES INC.

Mill Bay Ventures Inc., further to the company's news in Stockwatch dated Sept. 26, 2005, has been informed that CMQ Resources Inc. has commenced drilling on four Bureau of Land Management approved drill sites. It is expected that three holes will be drilled to a depth of approximately 1,600 feet this year and that will take at least 50 days to complete the program. The company has also received the second advanced royalty payment of $40,000 (U.S.) and 100,000 common shares of CMQ are being issued to the company.

John Hogg, vice-president of exploration for Vasquir Mines, 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 Ventures Inc., through its wholly owned United States subsidiary Golden Reef Mining Co., has discontinued exploration on its BLM lode mining claims in Utah. Jack Moore, project manager, Geol, reports disappointing assay results from the drilling. Mr. Moore reports that indications are that there is not enough continuity of the channel thickness across the area tested to form anything but ore pods that assayed nil vanadium and very low uranium. Mr. Moore cannot recommend continuing the project with what was found in the drilling program.

Exploration activity will cease and reclamation will be completed as outlined by the Bureau of Land Management and the State of Utah.

The foregoing information has been approved by Jack Moore, PGeol, a qualified person pursuant to National Instrument 43-101.

The B.P. claim block consists of 32 lode mining claims. The assessment work will be reported after the drilling is complete for this 2006 phase, as approved by the BLM and the State of Utah. Mr. Moore will obtain the proper forms for reporting the assessment work and file the forms before the September deadline.

Drilling started on Monday, July 10, 2006, on the road just north of the B.P. # 4 mine workings. This area drilling will consist of nine holes averaging 120 feet in depth. The drilling of the balance of the 50 hole program is expected to start in a few days.

The work on clearing the balance of the B.P. # 6 Incline drift, is being completed. One hole drilled intercepted the mine drift and is being used to pump air into the drift to remove smoke from the excavation skid-loader. Mr. Moore obtained a drill cuttings sample about 4 feet above the workings that appears to have uranium-vanadium mineral in the cuttings. Two samples were obtained in two five foot cuttings samples from the first drill hole which was about 6 feet from the drift. All three samples are at the laboratory for analysis with results anticipated within 2 weeks. Mr. Moore will log the holes with radiometric logging equipment this coming week. The thickness of the sample correlates with the apparent thickness in the mine drift that John Adams reported cutting some years ago.

Previous grab samples indicated uranium assayed at approximately 0.18% and vanadium at 2.5%. Uranium is currently trading at about $46/lb and vanadium at $10/lb.

Mill Bay Ventures Inc., through its wholly owned United States subsidiary,
Golden Reef Mining Co., has started exploration on its BLM lode mining
claims in Utah. Jack Moore, Project Manager, Geol. reports that the
following work will commence immediately:

· Drill 50 holes to approximate depth of 180 feet each, log, sample, assay
and receive Geologist¹s analytic report
with recommendations.

Previous grab samples indicated uranium assayed at approximately 0.18% and
vanadium at 2.5%. Uranium is currently trading at about $43/lb and vanadium
at $15/lb.

The foregoing information has been compiled by Jack Moore, P. Geol, a
qualified person pursuant to National Instrument 43-101.

Mill Bay Ventures Inc., through its wholly owned U.S. subsidiary, Golden
Reef Mining Co., has started exploration on its BLM lode mining claims in
Utah. Jack Moore, project manager, Geol, reports that the following work
will commence immediately:

prepare road, clean out two adits and survey;
locate drill targets; and
drill 50 holes to approximate depth of 180 feet each, log, sample, assay and
receive geologist's analytic report with recommendations.
Previous grab samples indicated uranium assayed at approximately 0.18 per
cent and vanadium at 2.5 per cent. Uranium is currently trading at about $43
per pound and vanadium at $15 per pound.

The foregoing information has been compiled by Jack Moore, PGeol, a
qualified person pursuant to National Instrument 43-101.

Mill Bay Ventures Inc. has closed the private placement of 4.21 million units at a price of 10 cents per unit, as announced in Stockwatch on April 5, 2006, and April 17, 2006. Each unit consists of one common share and a share purchase warrant entitling the investor to purchase an additional common share at an exercise price of 12.5 cents per share until May 30, 2008.

The hold period for all securities issued under this private placement expires on Sept. 30, 2006.

Number of shares: 4.21 million
Purchase price: 10 cents per share
Warrants: 4.21 million share purchase warrants to purchase 4.21 million shares
Warrant exercise price: 12.5 cents for a two-year period

Number of placees: 18
Insider participation: 058907 N.B. Ltd. (Gary Robertson, Dixi Robertson), 300,000; Intermark Capital Corporation (David Wolfin), 150,000; James A. Stewart, 200,000; William Glasier, 100,000

Pro group participation: James Oleynick, 30,000; Anthony P. Fierro, 25,000; J. Dave Ellis, 25,000

Finders' fees: $800 payable to Pacific International Securities Inc.; $1,800 payable to John Mullen; $1,000 payable to Tim Kenny; $8,750 payable to DLS Capital Inc. (Dianne Butterfield

Mill Bay Ventures Inc. has entered into an agreement with a related party to acquire 16 placer mining claims located in Clark county, Nevada, known as the Ivanpah property, covering up to 640 acres, more or less, for consideration of the issuance of 2.2 million common shares of the company and $128,000 (U.S.).

The transaction is subject to the acceptance for filing by the TSX Venture Exchange.

Mill Bay Ventures Inc. has granted incentive stock options for the purchase of up to 2,375,000 shares at a price of 12 cents per share exercisable on or before April 25, 2011, to directors, officers, employees and consultants of the company.

The net proceeds of the offering will be used for exploration and general working capital requirements.

The Company will pay finder fees in connection with this financing in accordance with TSX Venture Exchange policy.

"William Glasier"
____________________________________
William Glasier
President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Mill Bay Ventures Inc. has named Ed Bryant, consulting geologist, as project manager of the Golden Repeat property located near Midas, Nev. Mr. Bryant is highly qualified and has worked in the area for many years.

1. research property history;
2. mapping to one-inch-to-500-feet scale showing claims and topography; and
3. collecting up to 100 rock chip samples for assay.

1. geochemical survey; and
2. outcrop-scale mapping in selected areas with good geochemical response or visible alteration and/or mineralization.

The foregoing information has been approved by Mr. Bryant, PGeo, a qualified person pursuant to National Instrument 43-101.

A technical report on the Golden Repeat property can be found on the company's website.

Mill Bay Ventures Inc. has received approval of notice of intent, phase 1, for exploration of the BP claims located in Grand County, Utah, on its uranium-vanadium property from the regulatory authorities. This will entail road preparation, cleaning out the existing mine adits for surveying and geological examination.

Upon completion of phase one, the company will receive approval from the regulatory authorities to proceed with a drilling program as recommended by Jack Moore. The company has staked, surveyed in and recorded 53 BLM lode mining claims in Grand county, Utah, as recommended by Mr. Moore.

Samples have been taken from the property, assayed, split and sent to the Blanding mill, owned by International Uranium, for evaluation. The sampling program averaged 0.18 per cent uranium and 1.5 per cent to 2 per cent vanadium. Mr. Moore has recommended a 50-drill hole (9,000-foot) program to further establish reserves. The total program is estimated to cost about $100,000.

The foregoing information has been approved by Mr. Moore, PGeo, a qualified person pursuant to National Instrument 43-101

Mill Bay Ventures Inc. has amended the terms of the private placement announced in Stockwatch on Jan. 11, 2006. Up to six million units will now be offered at a price of 7.5 cents per unit, each unit consisting of one common share and one non-transferable share purchase warrant. Each warrant will entitle the investor to purchase one additional share at a price of 10 cents for two years from the date of closing.

The net proceeds of the offering will be used for exploration and general working capital requirements.

The company will pay finders' fees in connection with this financing in accordance with TSX Venture Exchange policy.

Mill Bay Ventures Inc. has arranged a private placement of up to 10 million units at a price of 7.5 cents per unit, each unit consisting of one common share and one non-transferable share purchase warrant. Each warrant will entitle the investor to purchase one additional share at a price of 10 cents for two years from the date of closing.

The net proceeds of the offering will be used for exploration and general working capital requirements.

The company will pay finders' fees in connection with this financing in accordance with TSX Venture Exchange policy.

Mill Bay Ventures Inc. has issued 1,913,245 shares at a deemed price of nine cents to settle outstanding debts totalling $172,192.32. In accordance with Toronto Stock Exchange policy, the hold period for all securities issued under this share-for-debt transaction expires on May 16, 2006.

Mill Bay Ventures Inc. has arranged a private placement of up to three million units at a price of 7.5 cents per unit, each unit consisting of one common share and one non-transferable share purchase warrant. Each warrant will entitle the investor to purchase one additional share at a price of 10 cents for two years from the date of closing.

The net proceeds of the offering will be used for exploration and general working capital requirements.

The company will pay finders' fees in connection with this financing in accordance with TSX Venture Exchange policy.

MMonday November 14 2005 - News Release
Mill Bay Ventures Inc (TSX-V:MBV)
Shares Issued 19,300,945
Last Close 11/11/2005 $0.06

Mr. William Glasier reports

CLOSING OF PRIVATE PLACEMENT

Mill Bay Ventures Inc. has closed the private placement of 2.99 million units at a price of seven cents per unit, as reported in Stockwatch on Sept. 16, 2005. Each unit consists of one common share and a share purchase warrant entitling the investor to purchase an additional common share at an exercise price of seven cents per share until Nov. 2, 2006, and, thereafter, at 10 cents per share until Nov. 2, 2007.

The hold period for all securities issued under this private placement expires on March 2, 2006.

The balance of this private placement will not be completed.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 16, 2005.

Warrant exercise price: Seven cents for a one-year period; 10 cents in the second year

Finder's fees: Angela Delorme will receive $3,150. Global Securities Ltd. will receive 3,333 units with the same terms as the above private placement. Canaccord Capital Corporation will receive 6,666 units with the same terms as the above private placement. Darryl Glasier will receive $10,500. Jantina Froese will receive $2,660.

$0.085Monday October 17 2005 - News Release

Mr. William Glasier reports

Mill Bay Ventures Inc. has negotiated a shares-for-debt settlement with several creditors. The company will issue approximately 1,913,245 shares in settlement of $172,192.32 of debt. The transaction is subject to TSX Venture Exchange approval.

Mill Bay Ventures Inc (TSX-V:MBV) Shares Issued 19,300,945Last Close 9/27/2005 $0.08Thursday September 29 2005 - SEDAR Interim Financial Statements

Mill Bay Ventures Inc., through its wholly owned subsidiary Golden Reef Mining Co. Inc., 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.

Golden Reef has granted a 10-year mining lease to Vasquir Mines Inc., a subsidiary of CMQ Resources Inc., of the E&E group and the DH group, subject to 3-per-cent net smelter return, in consideration of the following minimum advance royalty payments (in U.S. dollars), CMQ shares and minimum work commitments:

Mill Bay Ventures Inc. has amended the terms of the private placement as described in its news dated July 6, 2005, in Stockwatch. Up to five million units will now be offered at a price of seven cents per unit, each unit consisting of one common share and one non-transferable share purchase warrant. Each warrant will entitle the investor to purchase one additional share at a price of seven cents for the first year from the date of closing and at a price of ten cents for the second year from the date of closing.

The company will pay finder fees in connection with this financing in accordance with the policies of the TSX Venture Exchange.

The net proceeds of the offering will be used for additional exploration and development work on the company's uranium-vanadium properties and for general working capital requirements.

SEDAR Audited Annual Financial Statements

Mill Bay Ventures Inc (TSX-V:MBV) Shares Issued 19,300,945Last Close 8/29/2005 $0.08 Monday August 29 2005 - SEDAR Audited Annual Financial Statements

This filing is available at:

http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=919401

Mill Bay stakes 53 Uranium-Vanadium mining claims

Mr. William Glasier reports

UTAH-URANIUM AND VANADIUM PROSPECT

Mill Bay Ventures Inc. has completed staking, surveying and recording a total of 53 BLM lode mining claims in Grand county, Utah, on its Uranium-Vanadium property.

Further to its news issued in Stockwatch on May 30, 2005, the company is following the recommendations of Jack Moore, senior consulting geologist and a qualified person pursuant to National Instrument 43-101.

The company has staked, surveyed in and recorded 53 BLM lode mining claims in Grand county, Utah, as recommended by Mr. Moore, thus completing phase 1.

Samples have been taken from the property, assayed, split and sent to the Blanding Mill, owned by International Uranium, for evaluation. The sampling program averaged 0.18 per cent uranium and 1.5 to 2 per cent vanadium. This mill is about 120 miles from the property and makes it feasible to truck the ore for processing. After mining, trucking and milling costs, it is estimated that the company will net approximately $10,000 per 25-ton truck load.

Mr. Moore has recommended a 50-drill hole (9,000-foot) program to further establish reserves. The total program is estimated to cost about $100,000.

The company plans to complete a $300,000 private placement to continue the exploration of the said claims.

The foregoing information has been approved by Jack Moore, PGeo, a qualified person pursuant to National Instrument 43-101.

Mill Bay reduces placement to 10 cents

Mr. William Glasier reports

Mill Bay Ventures Inc. continues to proceed with the private placement reported in Stockwatch on May 26, 2005.

The company has also amended the terms of the private placement as described in the news release dated May 26, 2005. Up to three million units will now be offered at a price of 10 cents per unit, each unit consisting of one common share and one non-transferable share purchase warrant. Each warrant will entitle the investor to purchase one additional share at a price of 10 cents for the first year from the date of closing and at a price of 12 cents for the second year from the date of closing.

The company will pay finders' fees in connection with this financing in accordance with the policies of the TSX Venture Exchange.

The net proceeds of the offerings will be used for additional exploration and development work on the company's mining properties and for general working capital requirements.

The above transactions will be subject to regulatory approval.

Mill Bay acquires BLM uranium, vanadium mining claims

Mr. William Glasier reports
UTAH -- URANIUM AND VANADIUM PROSPECT

Mill Bay Ventures Inc, through its wholly owned United States subsidiary Golden Reef Mining Co., has acquired BLM lode mining claims in Utah. Jack Moore, senior consulting geologist for World Industrial Minerals, Arvada, Colo., was hired to evaluate the said claims.

John Adams, prospector, is working with Golden Reef and has shown Mr. Moore the area. Mr. Adams reported that about 20 years ago the area had limited mining and that he cut a five-foot sample of a reported 10-foot high heading. The assay was reported by Mr. Adams to be about 0.18 per cent uranium and more than 2 per cent vanadium. Uranium and vanadium are currently trading at $30 per pound and $25 per pound, respectively. This would equate to over $1,200 per ton of ore.

Mr. Moore has visited the property and reports the following assayed grab samples obtained from an estimated 25-ton ore stockpile:

Sample 6-E-1: uranium (U3O8) at 0.281 per cent and vanadium at 2.32 per cent; and

Sample 6-E-2: U3O8 at 0.132 per cent and V2O5 at 2.17 per cent.

Mr. Moore has recommended a two-phase program to further evaluate the prospect.

Phase 1: approximately $23,000

Stake and record 52 unpatented mining claims, road building, clear potential rock fall in each of the five existing adits for further sampling and secure necessary permits.

Phase 2: approximately $72,000

Drill 50 holes to approximate depth of 180 feet each, log, sample and analytic report.

The foregoing information has been compiled by Jack Moore, PGeol, a qualified person pursuant to National Instrument 43-101.

Mill Bay Ventures arranges $360,000 financing

Mr. William Glasier reports
PRIVATE PLACEMENT - $360,000
Mill Bay Ventures Inc. has arranged a private placement of up to three million units at a price of 12 cents per unit. Each unit consists of one common share and one non-transferable share purchase warrant. Each warrant will entitle the investor to purchase one additional share at a price of 12 cents for one year from the date of closing.

The net proceeds of the offering will be used for exploration and general working capital requirements.

The company will pay finders' fees in connection with this financing in accordance with TSX Venture Exchange policy.

Mill Bay Ventures 100,000-share private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 14, 2005.

Shares: 100,000
Purchase price: 12 cents per share
Warrants: 100,000 share purchase warrants to purchase 100,000 shares
Warrant exercise price: 12 cents for a one-year period; 15 cents in the second year
Placees: One

Mill Bay closes Utah U308 acquisition with Adams

April 01 2005 - News Release
Mr. William Glasier reports

Mill Bay Ventures Inc.'s wholly owned subsidiary, Golden Reef Mining Co. Inc., has closed the property asset acquisition, regarding uranium lode claims, and the company has issued 75,000 common shares to John Adams (see Stockwatch news dated Dec. 20, 2004).

The company will have the claims evaluated and recommendations made by a qualified person under National Intrument 43-101.

The claims cover the Lucky Strike mine, which closed roughly thirty years ago apparently due to the price of uranium. According to government records, the mine had produced over 400 tonnes of uranium. Mill Bay also has indications that the claims cover another area that was previously drilled and showed interesting grades of uranium. The company has discovered some of the old drill holes and further drilling will be required in order to evaluate this property.

The hold period for the securities issued under the agreement expires on April 21, 2005.

Mill Bay Ventures grants 12-cent stock options

March 15 2005 - Options Proposed
Mr. William Glasier reports

Mill Bay Ventures Inc. has granted incentive stock options for the purchase of up to 80,000 shares at a price of 12 cents per share exercisable on or before March 15, 2010, to officers and/or employees of the company.

The options are subject to a stock option plan.

Mill Bay Ventures to raise $60,000 privately

Monday March 14 2005 - News Release

Mr. David Wolfin reports

PRIVATE PLACEMENT - $60,000

Mill Bay Ventures Inc. has arranged a private placement of up to 500,000 units at a price of 12 cents per unit, each unit consisting of one common share and one non-transferable share purchase warrant. Each warrant will entitle the investor to purchase one additional share at a price of 12 cents for the first year from the date of closing and at a price of 15 cents for the second year from the date of closing.

The net proceeds of the offering will be used for exploration and general working capital requirements.

The company will pay finder's fees in connection with this financing in accordance with TSX Venture Exchange policy.

The above transactions will be subject to regulatory approval.

Mill Bay closes 725,000-unit financing

March 10 2005
Mr. William Glasier reports
CLOSING OF PRIVATE PLACEMENT

Mill Bay Ventures Inc. has closed the private placement of 725,000 units, at a price of 12 cents per unit, as the company had proposed on Jan. 5, 2005. Each unit consists of one common share and one share purchase warrant entitling the investor to purchase an additional common share at an exercise price of 12 cents per share until March 8, 2006, and, thereafter, at 15 cents per share until March 8, 2007.

The hold period for all securities issued under this private placement expires on July 8, 2005.
The balance of the private placement proposed on Jan. 5, 2005, will not be completed

Mill Bay Ventures 725,000-share private placement

2005-03-08 Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 5, 2005, and Feb. 18, 2005

Shares: 725,000
Purchase price: 12 cents per share
Warrants: 725,000 share purchase warrants to purchase 725,000 shares
Warrant exercise price: 12 cents for a one-year period
Placees: Nine
Insider participation: William Andrew Kocken, 100,000
Finders' fees: $2,400 cash payable to Northern Securities Inc.; $2,460 cash payable to Jevin Werbes; $1,200 cash payable to Matt Wayrynen

Mill Bay Ventures' Wolfin resigns

2005-03-01 18:01 ET - News Release

Mr. William Glasier reports

Mill Bay Ventures Inc.'s Louis Wolfin has resigned as a director of the company effective Feb. 28, 2005. The directors of the company thank Mr. Wolfin for his many years of service and contributions to the company.

Mill Bay Ventures extends warrant expiry date

February 11, 2005 - Miscellaneous

The TSX Venture Exchange has consented to the extension in the expiry date of the following warrants.

Private placement Warrants: One million
Original expiry date of warrants: Feb. 17, 2005
New expiry date of warrants: Feb. 17, 2006
Exercise price of warrants: 18 cents

These warrants were issued pursuant to a private placement of one million shares with one million non-transferable share purchase warrants attached, which was accepted for filing by the exchange effective Feb. 17, 2004.

Mill Bay Ventures to extend warrant expiry date