NEWS RELEASE Ocean Park Ventures Identifies Large Multi-Structure Sulfide Mineralized System Trapper Gold Project, British Columbia

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1 Suite West Pender St Vancouver, BC V6C 2T7 Tel: Fax: TSX-V SYMBOL: OCP NEWS RELEASE Ocean Park Ventures Identifies Large Multi-Structure Sulfide Mineralized System Trapper Gold Project, British Columbia August 23, Vancouver, B.C. Ocean Park Ventures Corp. ("Ocean Park" or the Company ) (TSX- V: OCP) is pleased to provide an update on drilling at the Trapper project, northern British Columbia. Over 2,600 meters of diamond drilling have been completed in 13 of 25 planned diamond drill holes. Twelve of thirteen drill holes have intersected 1 to 3 zones of sulfide mineralization associated with intense carbonate and/or silica alteration over widths of between 5.04 and metres. Target Description: Multiple sulfide mineralized structures occur within a 5+ kilometre east-west trending target. The first 13 drill holes are a fence test across the indicated 300 to 400 metre width of the target zone, drilled to test for the source of a strong gold plus lead-in-soil geochemical anomaly. Current drilling has only partially tested a 200 metre strike length of a multi kilometre soil and bedrock anomaly. 17 intercepts with greater than 1% sulfide mineralization have been identified to date with an average drill indicated width of metres. Precious metal mineralization appears to be associated with carbonate and silica stockworks, plus base metal sulfides and sulfosalts. Visible gold identified in drill hole TG , see company web site for photographs. Mineralization appears mesothermal in nature. A second drill is being mobilized to the project. Geochemical surface sampling at Trapper has demonstrated that gold is associated with the sulfides pyrite, galena, sphalerite and chalcopyrite, plus sulfosalt minerals. Eight surface samples returned to date from the main trend that assay 0.5 g/t gold or higher have returned an average of 2.92 g/t gold, g/t silver, 0.73% lead and 0.85% zinc. Drilling has encountered significant zones of over 1% sulfide mineralization with drill indicated widths ranging from metres to in excess of 90 metres. Within these zones vein densities range from less than 1 per metre to densely overlapping and crosscutting stockworks over significant widths. Host rocks are lapilli tuff and diorite with rare plagioclase porphyry and basalt dikes. No lithologies are observed to post-date mineralization in drill core.

2 - 2 - Map of diamond drill hole collars of holes completed to date. Alteration is polygenerational, following the pattern from oldest to most recent of: 1) pervasive chlorite dominated goes to 2) pervasive and veined iron-carbonate goes to 3) veined carbonate +/- silica goes to 4) veined base metal sulfide plus sulfosalts. Visible gold mineralization displaying up to 1 mm flakes has been observed in one drill hole, TG , within a 10 cm interval in an metre intercept of intense carbonate-silica with significant lead-dominant base metal veining. Exploration Program: - Drilling will continue to test strong gold and lead in soil geochemical anomalies with associated IP chargeability and resistivity highs across 1 kilometre of strike until the end of the current drill season. - The remaining 4 kilometres of target strike and down dip potential of defined mineralized zones will be tested as part of the 2012 exploration program. Details of planned exploration will be decided after all results from the current exploration program are received and released to the market. Note that visual logs of sulfide or gold content are not expected to reliably predict mineralization grades. They provide a guideline only of the scope and tenor of the mineralized system. All drill holes have been competed on north-south azimuths with dips of between -45 and -70 degrees.

3 - 3 - Drill Hole From To Interval Width TG TG TG TG TG TG TG TG TG Alteration Mineralization, Sph, Sph, Gal TG No Significant Intercepts; Drilling to South of Main Trend TG TG TG TG TG TG TG TG ,Gal, Cpy, Aspy, Sph, S-Salt, Cpy, S-Salt, VG, Sph, Cpy, S-Salt, Cpy, S-Salt Table 1: Drill holes completed to date with intervals of greater than 1% visually recorded sulfide mineralization accompanying intense carbonate and/or silica veining or pervasive alteration. The sulfosalts tennantite and tetrahedrite are common minor accessories. Flakes of visible gold up to 1 mm in diameter were observed in one drill hole. Mineral code: = rite, Gal = Galena, Cpy = Chalcopyrite, Aspy = Arsenopyrite, Sph = Sphalerite, S-Salt = Sulfosalt, VG = Visible gold.

4 - 4 - Intense carbonate with minor silica veining showing visible gold flakes in drill core from diamond drill hole TG Picture width is approximately 7 centimetres. Other sulfides (pyrite and galena) are also visible. The second diamond drill will also test two new chalcopyrite-bearing sulfide mineralized showings that have been discovered elsewhere on the Trapper property. Assays results are pending for all drill holes. Photographs of drill core and maps of exploration results can be found at the Company s website at Drilling, geological mapping and geochemical sampling are proceeding at the Trapper project. A ground based induced polarization (IP) geophysical survey, an airborne electromagnetic survey, and an extensive expansion to the historic soil geochemical grid have also been completed this year at the Trapper project. Mr. Chris Taylor, M.Sc. P.Geo, is Vice President Exploration with Ocean Park and is the Qualified Person as defined by National Instrument , who supervised the preparation of the above information. Assay results reported in this news release are provided by ALS Minerals Ltd. of North Vancouver, British Columbia, and have passed quality control and quality assurance standards including internal standards and duplicates tests. For further information please contact Mr. Paul Matysek, M.Sc. P.Geo., acting President and Chairman at or Mr. Chris Taylor, M.Sc. P.Geo, Vice President Exploration at

5 - 5 - OCEAN PARK VENTURES CORP. On behalf of the Board "Paul Matysek" Paul Matysek, Acting President and Chairman 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 historic work has identified a metre by 500 metre gold-in-soil anomaly returning results as high as 19 g/t gold. The Company can also earn up to a 70% interest through its joint venture in the Chisna Gold project, south-central Alaska, where a 9+ kilometre gold-in-bedrock and soils target has been identified returning results as high as 79 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.