Mantra Successfully Completes Carbon Recycling Development Program and Is Now Ready for First-Ever On-Site Demonstration Project.

SEATTLE, WA -- (Marketwire) -- 06/28/10 -- Mantra Venture Group Ltd. ('Mantra') (OTCBB: MVTG) (FRANKFURT: 5MV) is pleased to announce that it has successfully completed the year-long development program for its Electroreduction of Carbon Dioxide (ERC) technology and the company is now preparing for its first-ever on-site demonstration project. As a final component to this research and development phase, Mantra recently set out to upgrade the concentration of formate produced by ERC to a level suitable for commercial use. To achieve this goal, Mantra and Kemetco (its research laboratory) designed and tested two innovative concepts.

The test phase is now complete, and Mantra is pleased to announce that one of the concepts successfully upgrades the formate solution to the desired concentration of 3 molar. Further details on the successful concept will be released after completion of all necessary intellectual property work.

John Russell, Vice President of Technology Evaluation at Mantra, explained: "This is a great achievement. Industrial processes generally use highly concentrated feedstock chemicals, and this latest development will enable us to offer just that. Mantra is now closer than ever to completing its profitable solution to CO2. The next step is a field demonstration project -- a stage that I have been looking forward to for quite some time."

"This is a big step forward for the company," added Larry Kristof, President and CEO of Mantra. "ERC's ability to convert CO2 into a saleable, commercial grade product will give it an advantage over other CO2 mitigating techniques."

This technical advancement comes on the back of several achievements made throughout the 12-month program, including: regeneration of the cathode catalyst, improved cathode structure, improvements to the long-term stability of the catalyst, improved current efficiency (to 90%), and a vastly reduced power requirement.

With this latest stage of research and development now complete, the company is making the necessary arrangements to commence its first ever on-site ERC demonstration project.

Earlier this month, Mantra's ERC technology was featured in Steel Times International. To view the article, go to: http://steeltimesint.com/features/view/an-alternative-to-carbon-sequestration-electroreduction-of-co2/

Stay up to date with Mantra on Twitter: www.twitter.com/mantraenergy

About ERC: The ERC process, the "Electrochemical Reduction of Carbon Dioxide," combines captured carbon dioxide with water to produce high value materials, such as formic acid and formate salts, which are conventionally obtained from the thermochemical processing of Fossil Fuels. However, ERC has an advantage over the established thermochemical methods for converting carbon dioxide to green chemicals, new chemicals beyond formic acid, building products and liquid fuels.

While thermochemical reactions must be driven at relatively high temperatures that are normally obtained by burning fossil fuels, ERC operates at near ambient conditions and is driven by electric energy that can be taken from an electric power grid supplied by hydro, wind, solar or nuclear energy (forms of clean or renewable energy).

About Mantra: Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the 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 for everyone, Mantra intends to provide a highly profitable and environmentally responsible investment for its shareholders.

Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 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.

Investor Relations

Kol Henrikson
1-877-609-2898
khenrikson@mantraenergy.
www.mantraenergy.com

Mantra Enters Final Negotiations With KC Cottrell Co., Ltd. to Construct First Commercial Scale Carbon Recycling Demonstration Unit

SEATTLE, WA -- (Marketwire) -- 04/13/10 -- Mantra Venture Group, Ltd. (OTCBB: MVTG) (FRANKFURT: 5MV) is pleased to announce that it is in final negotiations with KC Cottrell Co., Ltd. of Korea (KC Cottrell) to construct its first commercial scale carbon recycling demonstration unit. Together, the companies aim to combine Mantra's Carbon Recycling (ERC) technology with KC Cottrell's proprietary Carbon Capture technology. The demonstration unit, set for installation at Korean Southern Power Co., Ltd.'s (KOSPO) Hadong power plant, will be the first of its kind in the world.

Larry Kristof, President and CEO of Mantra, comments: "This partnership will represent a giant leap forward for Mantra and its ERC technology. KC Cottrell has a multitude of capabilities and values such as engineering, manufacturing and deep understanding of flue gases that serve as a great complement to those of Mantra, and we are keen to combine our efforts in building the world's first commercial scale demonstration Carbon Capture and Recycling (CCR) plant."
Shawn Kim, VP-International Business Development, added: "Korea is an ideal place to develop and showcase our ERC Carbon Recycle technology with tremendous interests and support from high caliber industries and government organizations. We have spent a lot of time and effort working on this project, and we are very pleased that we are in the final stage of the negotiation."

A Memorandum of Understanding (MOU) detailing the particulars of the strategic partnership is scheduled for execution later this month, the details of which will be released shortly thereafter.

About KC Cottrell Co., Ltd.

KC Cottrell has been a world leader in environmental technology for over 35 years. With operations spanning Asia, America and Europe, KC Cottrell's specialties lie in environmental systems (FGD treatment, dust collection and incineration), environmental service (recycling, environmental incineration and reclamation of waste), and manufacturing of high quality industrial facilities. Guided by their vision to lead the global environment industry, KC Cottrell is currently making consistent and bold investments to attract the best global talents and to innovate their systems.

KC Cottrell trades on the SEO stock exchange under the ticker symbol 009440. Annual sales for the fiscal year ending Jan 2010 were $140 Million USD, and the company has a current market cap of $170 Million USD.

For more information on KC Cottrell Co., Ltd., please visit their website: http://www.kc-cottrell.com

About Korean Southern Power Co., Ltd.

Korean Southern Power Co., Ltd. is engaged in the generation of electricity, development of electric power resources and sale of all generated electricity to KEPCO through the Korean Power Exchange ("KPX"). KOSPO has several facilities in operation, including: Hadong Thermal Power Site, Shinincheon Combined Cycle Power Site, Busan Combined Cycle Power Site, Youngnam Thermal Power Plant, Cheongpyung Pumped Storage Power Plant, Namjeju Thermal Power Plant and Hankyung Wind Farm. KOSPO embraces the notion of sustainable development by balancing environmental conservation with economic growth. The company sets strict self-management targets to minimize pollutant emissions in adherence with local regulations for each of its power plant facilities.

For more information on Korean Southern Power Co., Ltd., please visit their website: http://www.kospo.co.kr/ENGLISH/index.htm

About ERC: The ERC process, "the Electrochemical Reduction of Carbon Dioxide," combines captured carbon dioxide with water to produce high value materials, such as formic acid and formate salts, which are conventionally obtained from the thermochemical processing of Fossil Fuels. However, ERC has an advantage over the established thermochemical methods for converting carbon dioxide to liquid fuels.

While thermochemical reactions must be driven at relatively high temperatures that are normally obtained by burning fossil fuels, ERC operates at near ambient conditions and is driven by electric energy that can be taken from an electric power grid supplied by hydro, wind, solar or nuclear energy (forms of renewable energy).

About Mantra: Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the 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 for everyone, Mantra intends to provide a highly profitable and environmentally responsible investment for its shareholders.

Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 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.

Investor Relations

Kol Henrikson
1-877-609-2898
khenrikson@mantraenergy.
www.mantraenergy.com

Mantra Venture Group announces strategy for 2010

2010-01-13 17:10 ET - News Release

SEATTLE, WA, Jan. 13 /PRNewswire-FirstCall/ - Mantra Venture Group Ltd. is please to provide a brief summary of progress made in 2009, and an outline of the corporate strategy for 2010.

The past twelve months have been marked by a prolonged economic recovery - leaving many industries well below the previous highs. Fortunately for Mantra, the global effort of achieving a sustainable recovery has led to new-found stimulus packages that have placed a real emphasis on advancements in environmental sustainability. This has provided oxygen to "fuel the fire" for Mantra's carbon recycling ERC technology.

The following is a summary of Mantra's achievements in 2009.

Technical Advancements - The carbon recycling ERC technology now has a new cathode catalyst structure that has increased the reactor's efficiency to 90% from the previous 46%, and has enhanced cathode stability. The latter, using new IP, is currently being reviewed for patenting. Also achieved was improved conductivity and regeneration of the catalyst. A carbon balance report was completed which indicates a negative carbon balance in making formic acid, yet another ERC advantage.

Business Development - Mantra has expanded its North American network. The company signed an ERC research project agreement with 3M in October. A recognized leader in research and development, 3M has annual sales in excess of $25 billion and employs 75,000 people through operations spanning more than 60 countries. This project is expected to start later this month. Mantra has received extensive interest from international players and now has contacts in Canada, the U.S., Korea, Japan, China, Western Europe and the Middle East.

Mantra was invited to ENTECH 2009 held in Busan, Korea - Korea's largest trade show focused on energy and the environment. Here it met with business and government representatives and several strategic relationships and financing opportunities have since emerged.
Mantra signed a Letter of Intent (LOI) with KC Cottrell Co., Ltd. of Korea - a world leader in environmental technology for over 35 years (http://www.kc-cottrell.com). This will allow the parties to carry out engineering, construction, testing and deployment of a 100 kg per day ERC reactor. The final agreements are pending.

Mantra also signed a collaboration agreement with Ecole Polytechnique Federale de Lausanne's (EPFL) Laboratory of Organometallic and Medicinal Chemistry (LCOM) and Granit Green Networlds, Ltd. (GGN) of Switzerland to engage in a project to convert CO2 to hydrogen fuel using formic acid as the carrier. Various demonstration projects are currently under consideration.

Government Grants - The National Research Council of Canada's Industrial Research Assistance Program (NRC-IRAP) has supported Mantra in two projects: the first, aimed to enhance the ERC technology. Management was very pleased with the outcome. The second is underway. Kemetco Research Inc. carries out the work under the direction of Mantra.

Media Coverage - Mantra's carbon recycling ERC is being recognized:

On December 10th, Larry Kristof, CEO, was featured on Business News Network's "Squeeze Play" with Kim Parlee and Andrew Bell. ( http://watch.bnn.ca/squeexeplay/december.2009/squeezeplay-december-10-2009/#clip244949 ).

On December 5th, the Financial Post published "CO2 captures doubts and the old standbys" including a segment on CCS and Mantra's ERC: ( http://www.financialpost.com/story.html?id-2305703 )

District Energy Magazine, November, published "Carbon Recycling: an alternative to carbon capture and storage". ( http://districtenergy-digital.org.districtenergy/2009Q4#pg27 ).

Exploration and Processing, winter edition 2009, gave the cover to Mantra and included article: "Mantra Venture Group explores new ways to reduce carbon emissions". ( http://www.nxtbook.com/nxtbooks/shofield/ep_2009winter/index.php#/0 )

New Technology Acquisition - In September, Mantra acquired the worldwide exclusive license for the Mixed Reactant Fuel Cell technology (MRFC). MRFC is based on an innovative technology that mixes the fuel with the oxidant and eliminates the need for the expensive yet fragile membrane. MRFC was designed by Professor Emeritus Colin Oloman in the Clean Energy Research Center (CERC) at the University of British Columbia, Canada.

Forecast for the Coming Year (2010) - Mantra has two key projects in development today. Firstly, the ERC technology will be installed as a demonstration in either of two locations. This major project is expected to be implemented mid-year.

The second key initiative is the development of the Mixed Reactant Fuel Cell technology (MRFC). This technology, licensed last year, could replace many of the existing standard fuel cells that are dependent on a proton exchange membrane (PEM). MRFC's main attribute is that it is simpler than the standard fuel cell and will therefore be considerably less expensive to manufacture. In the next few months, Mantra will organize and fund a development process which will take up to two years. Several potential partners have expressed interest.

Mantra has generated a number of prosperous business relationships as of late, and the company looks to further develop those relationships and add to their number throughout the coming year.

Mantra looks to see income growth resulting from sale of licenses for its ERC technology, while the other technologies progress in the development stage. Various demonstration projects and government grants will also contribute to income.

In the coming year, Mantra will also continue to develop the corporate structure of the company. Such efforts will include: creation of optimized business systems and the addition of new Directors resulting from collaborative partnerships and major financings. The management structure will be enhanced.

Mantra will showcase its technology thru the Metro Vancouver 2010 Partnership Investment Program. It will be hosting demonstrations also at the lab.

Larry Kristof, President and CEO of Mantra, comments: "Despite the slow economic recovery, 2009 was a very successful year for Mantra. We made significant progress in the development of our ERC technology, added new management, received government support and built new relationships with corporations on an international scale." He added: "While the company will be focused primarily on the leading ERC technology, Mantra also plans to start an MRFC feasibility study and commence a development project to build an advanced prototype. Further details and updates on both projects will be disclosed as they become available.

Stay up to date with Mantra on Twitter: twitter.com/mantraenergy

About ERC: The Electroreduction of Carbon Dioxide (ERC) is an innovative carbon recycling technology that combines CO2 with water to produce highly sought-after materials such as formic acid, formate salts, oxalic acid and methanol - valuable chemicals used in a variety of industrial applications.

It is the goal of ERC to serve as a safe and more economical alternative to carbon capture sequestration (CCS) - the process of capturing carbon dioxide and storing it in deep geological formations, in the ocean or as mineral carbonates.

About Mantra: Mantra Venture Group Ltd. is a diversified Green Tech company seeking to become a world-leader in the development of commercially viable sustainable technologies. By acquiring the most promising technologies from universities, laboratories and companies and bringing them through to commercialization, Mantra will create significant shareholder value through subsequent acquisitions, spinouts and licensing fees. Current areas of interest for Mantra include: the reduction/recycling of carbon dioxide and alternative energy.

Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 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

Investor Relations

Kol Henrikson
1-877-609-2898
khenrikson@mantraenergy.
www.mantraenergy.com

Mantra Venture Group Ltd.
CONTACT: Investor Relations, Kol Henrikson, 1-877-609-2898,
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