Cuba Ventures Completes COB, Buys Travelucion Media

Cuba Ventures Corp. announces that the Company has received regulatory acceptance for its change of business ("COB") through the acquisition of a 100% interest in Travelucion S.L. ("Travelucion Media"). Shares of the Company will commence trading at the opening Monday morning March 21st under the new symbol CUV on the TSX Venture Exchange.

Travelucion Media, now a wholly owned subsidiary, is a cash-flow positive online travel and digital media marketing company that specializes in travel marketing, electronic reservations and online booking solutions for international visitors to Cuba.

The COB was achieved through the acquisition of the remaining 80% of the shares in Travelucion Media not previously owned by the Company by the issuance of 16,000,000 common shares of Cuba Ventures to Mr. Steve Marshall.

Twenty million shares held by Mr. Marshall and 536,100 shares held by Company CEO & President Jim Pettit are subject to escrow agreements under the policies of the TSX Venture Exchange.

To reflect its new business the Company has changed its name from MPH Ventures Corp. to Cuba Ventures Corp.

Travelucion Media has developed and owns one of the most significant portfolios of Cuban focused web assets with 432 websites collectively generating over 30 million page-views per year, directing traffic to the main Travelucion Media booking and e-commerce sites.

Since 1995 these proprietary websites have been promoting Cuba and offering online travel services to the Caribbean nation.

The websites cover all facets of the island including specific tourist destinations, hotels and resorts, golf, spas, restaurants, classic car rentals, Cuban culture, health, commerce, food and much more.

Travelucion Media's revenues have continued to grow quickly in the wake of the notable shift in American policy towards Cuba. Diplomatic ties are improving as the two nations normalize relations and travel restrictions on Americans visiting Cuba continue to relax.

Furthermore, Cuba Ventures announces that Steve Marshall, the Founder and President of Travelucion Media, has been appointed a Director of the Company.

Mr. Marshall remains the President and CEO of Travelucion Media, now a wholly owned subsidiary of Cuba Ventures. He is a trilingual entrepreneur specializing in international marketing and deal brokering.

Steve spent 11 years in Cuba specializing in Cuban joint ventures and successfully founded a number of companies including the Primeras Inversiones (Havana Free Zone), the first State approved real estate joint venture (CIMEX), the 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.