Ocean Park Signs Letter of Intent to Earn 50% Interest in the Jesse Creek Copper Porphyry and Skarn Project near Merritt, southern British Columbia Drilling Now Underway on 2000 Metre Phase 1 Program

Suite 302 – 750 West Pender St. Vancouver, BC V6C 2T7 Tel: 604-681-0084 Fax: 604-681-0094 www.oceanparkventures.com

TSX-V SYMBOL: OCP NEWS RELEASE Ocean Park Signs Letter of Intent to Earn 50% Interest in the Jesse Creek Copper Porphyry and Skarn Project near Merritt, southern British Columbia Drilling Now Underway on 2000 Metre Phase 1 Program

November 19, 2012 - Vancouver, B.C. Ocean Park Ventures Corp. ("Ocean Park" or the “Company”) (TSX-V: OCP) is pleased to announce it has signed a Letter of Intent (“LOI”) to earn a 50% interest in the Jesse Creek porphyry and skarn project from Dundarave Resources Inc. (TSX-V:DDX, “Dundarave”). The property is located immediately adjacent to the Craigmont mine in southern British Columbia near the town of Merritt. The Jesse Creek project contains three known mineralized occurrences:

 A Craigmont-style copper-silver skarn with preliminary historic test drilling including 10.01 m of 0.75% copper and 6.6 g/t silver, overlying a newly defined IP and magnetic target suggestive of buried, undrilled porphyry mineralization.

 An alkalic porphyry system yielding copper-mineralized grab samples from surface of up to 2% copper, and presumably genetically associated with the main skarn showings  A calc-alkalic type porphyry target with surface exposures of hydrothermal breccia including chalcopyrite-bearing copper mineralization. Most of this target is concealed beneath glacial sediment cover and has not yet been drilled.

A 2000 metre Phase 1 drill program is now underway that will test all porphyry targets by the close of 2012. A property inspection completed by Ocean Park in late October confirmed the presence of copper mineralization within various skarn, hydrothermal breccia and porphyry host rocks in all drill target areas.

The Jesse Creek property covers an approximately 10 kilometre by 6 kilometre area, comprising a 5,896 Ha contiguous claim package. The property is located approximately 7 kilometres east of the Craigmont mine, a porphyry-associated skarn which had estimated total production from 1962 to 1982 of 33.7 Mt at 1.77% copper and 19% iron. Airborne and ground based geophysical surveys completed during 2012 by Dundarave at Jesse Creek have identified three highly prospective targets with associated surface showings of mineralized skarn or porphyry rocks. Maps showing results from Dundarave’s recent work are provided on the Ocean Park web site at www.oceanparkventures.com.

The project is characterized by excellent infrastructure including a paved highway, power lines and a network of logging roads either on the property or within one kilometre of its claim boundaries.

Under the terms of the LOI, Ocean Park can earn a 50% interest in the Jesse Creek project by making cash payments of $1,000,000, paying 1,000,000 shares, and completing $3,000,000 in exploration expenditures over 38 months.

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 and technical reports issued by the companies listed above.

For further information please contact 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

"Chris Taylor"

Chris Taylor, Vice President Exploration

About Ocean Park Ventures

Ocean Park is a Canadian mineral exploration company working in three leading jurisdictions, with active exploration including diamond drilling underway on 3 properties. A 75% interest can be earned through its joint venture in the Adelita Copper-Gold- Silver project, Sonora, Mexico, where a 15+ square kilometer porphyry system that is currently being drill tested is flanked by a copper-gold-silver mineralized skarn. 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.

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.