| Mantra China Ltd. Signs Letter of Intent |
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Seattle, WA, August 13, 2008: Mantra Venture Group Ltd. (“Mantra” –OTCBB: MVTG—FSE: 5MV) is pleased to announce that it has entered into a Letter of Intent to enter into Exclusive Distribution Agreement with E.S.D. Environmental Protection and Technology Co., Ltd. (“E.S.D.”) of the Peoples Republic of China. The Exclusive Distribution Agreement will allow Mantra to bring a number of innovative new products into the North American marketplace. These products are of interest to Mantra because they will contribute to a cleaner, greener world and to the reduction of carbon dioxide from day-to-day human activities. OTCBB: MVTG FRANKFURT: 5MV E.S.D.(website: http://www.donghailongcn.com) is located in Dongguan, Guangdong, mainland China, approximately a 1.5 hour drive from Hong Kong. E.S.D. has over 800 employees, including a team of highly qualified engineers and photovoltaic experts. They are one of the leading supplies of solar products and stay on the cutting edge of designing and manufacturing renewable Solar Energy The Letter of Intent is entered into with Mantra China Ltd., a subsidiary of Mantra. Mr. Dan Funaro, a member of Mantra’s Corporate Advisory Board has traveled to China a number of times to establish the relationship and to explore how Mantra will work with its partner. “This is not about specific products, it is about creating a two-way communication channel about green, sustainable, renewable products that will benefit both parties over the years”, he said. Mantra China will selectively import chosen products which it sees as value to the North American market and will ensure that they are reviewed, tested and approved for use in North America. These products will then be launched, and subsequently driven to achieve their niche in the marketplace. In addition, Mantra China will represent the various other Mantra subsidiaries in taking their new “green” technologies generated by Mantra in North America, into China. About Mantra: Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV. For more information please visit us at www.mantraenergy.com.
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products. E.S.D. develops and manufactures innovative outdoor solar lights, LED lights, solar power home generation systems, wind and solar hybrid power systems, solar charge controllers and other related products. These products cover over 50 product lines with more than 200 products. These products generate annual revenues of approximately US $30 million.
