May 03, 2012 at 12:00 PM EDT
Ocean Park Drills 105.2 metres of 1.03% Copper at the Cerro Grande Copper : Gold : Silver Skarn, Adelita Project, Mexico

May 3, 2012 - Vancouver, B.C. Ocean Park Ventures Corp. ("Ocean

Park" or the "Company") (TSX-V: OCP) is pleased to

announce the first drill results from the Adelita copper - gold -

silver project, Mexico. Drilling is testing the Cerro Grande skarn

target. The discovery has a mapped strike of over 800 metres and has

been drill confirmed over a 120 metre strike length and to a depth of

300 metres from surface. Results from the first two drill holes are

summarized in the table below. The discovery remains open for

extension in all directions.

--------------------------------------------------------------------------

|Drill Hole |Interval|Interval|Interval| |Copper|Gold|Silver|CuEq|Comment|

| |From |To (m) |Length | |% |g/t |g/t |% | |

| |(m) | |(m) | | | | | | |

|------------------------------------------------------------------------|

|CGDD-12-009|5.6 |110.8 |105.2 | |1.03 |0.43|36.3 |1.74|Total |

| | | | | | | | | |Hole |

|------------------------------------------------------------------------|

|including |35.1 |110.8 |75.7 | |1.42 |0.59|50.0 |2.40|Main |

| | | | | | | | | |Zone |

|------------------------------------------------------------------------|

|including |35.1 |77.0 |41.9 | |2.21 |0.93|77.5 |3.73|Higher |

| | | | | | | | | |Grade |

|------------------------------------------------------------------------|

|CGDD-12-010|97.6 |131.3 |33.7 | |0.91 |0.34|46.4 |1.68|Main |

| | | | | | | | | |Zone |

|------------------------------------------------------------------------|

|including |98.6 |120.0 |21.4 | |1.40 |0.53|72.2 |2.60|Higher |

| | | | | | | | | |Grade |

--------------------------------------------------------------------------

Table 1: Highlighted drill results of Adelita skarn drilling.

CGDD-12-009 tested the projection to surface of mineralization

intersected in historic drill holes CGDD-10-001 and 002, which

returned comparable grades.

Mineralization is highly consistent from 35.10 to 110.8 metres,

returning at least 700 ppm (0.07%) to greater than 51130 ppm (5.11%)

copper over 3 metre intervals, and defining a main mineralized zone

with a drill indicated width of 75.7 metres. The drill hole was lost

in mineralization at 110.8 metres, but was followed-up at depth with

three subsequent drill holes for which assay results are pending.

Drill hole CGDD-12-010 cut across the mineralized zone at greater

depth than holes 12-009, 10-001 and 10-002 and provides approximate

true width of the system at that depth. Including the two historic

drill holes, a total of six holes have been completed across more than

300 vertical metres on this drill fence.

Mineralization consists predominantly of chalcocite, with additional

native copper, chalcopyrite, bornite, covellite and copper oxides,

hosted by garnet exoskarn. Lithologies vary from hornfelsed marbles

and granodiorite to a variety of intermediate to felsic dikes, plus

various garnet skarns. Copper mineralization with associated gold and

silver occurs as disseminated to semi-massive sulfide with

disseminated to coarse blebby native copper.

Figure 1: Map of Cerro Grande mineralized skarn trend.

TO VIEW FIGURE 1 COPY URL BELOW INTO A NEW BROWSER WINDOW

http://thenewswire.ca/client_files/2012-05-02-0.pdf

The Company also reports that a review of historic drill core and

original assay certificate data has identified an error in a

previously reported drill hole from the 2010 program (see Minaurum

Gold Inc. news release dated October 6, 2010). Drill hole

CGDD-10-004, reported as 11.2 metres of 0.33% copper, 0.59 g/t gold

and 39.9 g/t silver, should have been reported as 11.2 metres of 1.11%

copper, 0.59 g/t gold and 39.9 g/t silver. The revised grades match

those of Ocean Park's drilling, and indicate the strongly mineralized

skarn has a minimum drilled strike length of 120 metres.

Figure 2: High grade copper-gold-silver mineralization as drilled from

the Cerro Grande skarn. Host rock is garnet exoskarn.

TO VIEW FIGURE 2 COPY URL BELOW INTO A NEW BROWSER WINDOW

http://thenewswire.ca/client_files/2012-05-02-1.pdf

The Adelita project hosts two main mineralized targets, the Cerro

Grande copper-gold-silver skarn, and the Mezquital

copper-gold-silver-molybdenum porphyry target. Phase 1 drilling is

ongoing with the drill currently testing the Mezquital porphyry target

located 1.5 kilometres west of the Cerro Gande skarn. The Mezquital

target is marked by a 3.5 square kilometre copper - molybdenum +/-

gold - silver in soil anomaly sourced by a multi-phase intrusive body,

with associated geophysical signatures including high chargeability IP

and magnetic anomalies. Mapping has identified propylitically altered

intrusive rocks and copper mineralized quartz-tourmaline veins and

stockworks across two kilometres of strike.

Cross sections of drilling and additional photographs of

mineralization at the Cerro Grande skarn are posted to the Company's

web site at www.oceanparkventures.com.

Ocean Park can earn up to a 75% interest in the Adelita project

through its joint venture with Minaurum Gold Inc. (TSX-V: MGG). The

Property is located in Sonora State, Mexico, and lies 3 kilometres

east of Pan American Silver Corp.'s (TSX: PAA) open pit Alamo Dorado

silver mine. The geologic setting is broadly similar to that of Alamo

Dorado (proven and probable reserves of 10 Mt of 95 g/t silver and

0.33 g/t gold) and the Piedras Verdes Porphyry Copper deposit of

Frontera Copper Corp. (proven and probable reserves of greater than

500 Mt of greater than 0.36% copper), located 60 kilometres to the

northwest.

Drill core assay results are evaluated through a Quality Assurance and

Quality Control (QAQC) procedure that includes the use of standards

with known precious and base metal values, duplicated core intervals

and blank samples in order to determine accuracy. Assaying was

carried out by ALS Group of Vancouver, British Columbia.

Mr. Chris Taylor, M.Sc. P.Geo, is Vice President Exploration with

Ocean Park and is the Qualified Person as defined by National

Instrument 43-101, who supervised the preparation of the above

information. Information related to past drilling and highlighted

mineral properties was taken from previous public disclosures issued

by the companies listed above.

For further information please contact Mr. Paul Matysek, M.Sc. P.Geo,

Acting President and Chairman, Mr. Chris Taylor, M.Sc. P.Geo, Vice

President Exploration or Mr. Robert Orr, Investor Relations at

604-681-0084.

OCEAN PARK VENTURES CORP.

On behalf of the Board

"Paul Matysek"

Paul Matysek, Acting President and Chairman

Copper Equivalency Calculations and Zone Geometry

Copper equivalencies were calculated using values of copper at

$3.00/lb, gold at $1400.00/oz and silver at $25.00/oz. All values are

in US dollars. No provision was made for metallurgical recoveries.

The Cerro Grande target is a skarn occurrence, which deposits are

generally variably mineralized and may have irregular geometries that

are controlled by a combination of syn-mineralization structure,

genetically related intrusions, and variation in the host lithologies.

The geometry of the Cerro Grande skarn is being defined through

ongoing diamond drilling.

About Ocean Park Ventures

Ocean Park is a well-funded Canadian mineral exploration company

working in three leading jurisdictions, with active exploration

including diamond drilling underway on 3 properties. Ocean Park can

earn a 70% interest through its joint venture in the Trapper Gold

project, northern British Columbia, where Ocean Park has identified a

gold-copper porphyry complex with a surface signature of over 15

square kilometres and visible gold in drill core. The Company can

earn up to a 100% interest in the Metla property, located 5 kilometres

south of Trapper, through its earn-in agreement. The Company can also

earn up to a 70% interest through its joint venture in the Chisna Gold

project, south-central Alaska, where a 12+ kilometre gold-in-bedrock

and soils target has been identified returning results as high as 260

g/t gold, the Golden Range. A 75% interest can be earned through its

joint venture in the Adelita Copper-Gold-Silver project, Sonora,

Mexico, where a 10+ square kilometer polymetallic soil anomaly having

a porphyry signature includes a copper-gold-silver mineralized,

drill-tested skarn.

Neither TSX Venture Exchange nor its Regulation Services Provider (as

that term is defined in the policies of the TSX Venture Exchange)

accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These

statements are based on current expectations and assumptions that are

subject to risks and uncertainties. Actual results could differ

materially because of factors discussed in the management discussion

and analysis section of our interim and most recent annual financial

statement or other reports and filings with the TSX Venture Exchange

and applicable Canadian securities regulations. We do not assume any

obligation to update any forward-looking statements.

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