Seattle, WA, April 8, 2008: Mantra Venture Group Ltd. (OTCBB: MVTG –FSE: EDV 5MV) is pleased to announce that it has signed a Letter of Intent with Northwind Ethanol Inc. for a possible multi-stage investment in Northwind’s cellulose Ethanol process.

Unlike traditional ethanol, which is produced from agriculturally demanding and valuable feed stocks, such as corn, wheat or soy, cellulose or cellulosic ethanol may be produced from a variety of agricultural waste or non- agricultural plants, such as waste wood, sawdust, paper pulp, corn stover and switchgrass. Mantra is now conducting due diligence of Northwind’s proprietary technology, which is intended to support a closed loop cellulose ethanol production facility with zero emissions.

“Mantra is aggressively seeking out economically viable and innovative sources of sustainable energy” said Larry Kristof, Mantra’s President and CEO, “We are looking forward to working with Northwind to evaluate the technology.”

Northwind’s President, Mr. Fred Enga, said: ”Northwind’s process is environmentally responsible and looks at ethanol production from an economic standpoint— we expect it to change the cost of ethanol fuel in the long term. Ours would be the first facility that is completely closed loop with no emissions.”

Mantra and Northwind are evaluating plans for construction of an ethanol production facility in British Columbia, Canada that would take advantage on the abundance of waste wood feedstock available as a result of pine beetle infestations and forestry activities.

Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is set to enter the burgeoning green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth, Mantra intends to provide a highly profitable and, more importantly, socially and environmentally responsible investment for its shareholders.

Mantra is a public company quoted on the OTCBB under the symbol MVTG and the Frankfurt Stock Exchange under the symbol EDV 5MV

Forward-Looking Statements:

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group’s filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.