MTR

Mantra Capital Inc. ("Mantra" or the "Company") (TSX VENTURE:MTR) is pleased to
announce that it has entered into a term sheet setting out the proposed terms of
an option to acquire a 100% interest in the Wind Mountain project gold and
silver property in Nevada from Bravada Gold Corporation ("Bravada"). Mantra is
proceeding towards a binding option agreement with Bravada and completion of its
due diligence work. The transaction will be subject to TSX Venture Exchange (the
"Exchange") approval.


Wind Mountain Property

Wind Mountain ("Wind Mountain" or the "Project") is a low-sulphidation-type gold
and silver property consisting of 138 claims totalling approximately 1,117
hectares located within the highly prospective Walker Lane Gold trend
approximately 160 kilometres northeast of Reno, Nevada, with good road access
and power. The Project hosts a NI 43-101 compliance resource and positive
Preliminary Economic Assessment, which was updated and filed by Bravada on SEDAR
in May 2012, and has the potential to become a near-term producer.


Wind Mountain Proposed Option Terms

The term sheet sets out the following option payments for Mantra to earn a 100%
interest in the Wind Mountain project, subject to certain existing royalties:




                                    Cash        Common                      
                                    Payment     Shares Payment(1)          
                                    ----------------------------------------
Execution of the option agreement   $50,000     nil                         
Within 60 days TSXV Approval        $450,000    $100,000 of Mantra common   
                                                shares                      
Year 1 Anniversary of TSXV Approval $500,000    $100,000 of Mantra common   
                                                shares                      
Year 2 Anniversary of TSXV Approval $2,000,000  Half in common shares at    
                                                Mantra's option             
Year 3 Anniversary of TSXV Approval $2,000,000  Half in common shares at    
                                                Mantra'soption              
                                    ------------                            
                                    $5,000,000                              
                                    ------------                            
                                    ------------                            



ABOUT MANTRA CAPITAL INC.

Mantra Capital Inc. is a growth company focused on the exploration and
development of precious and base metals. The Company currently has the option to
acquire an undivided 100% interest in and to certain mineral claims in British
Columbia known collectively as the Honeymoon Property, an early stage
gold-silver-copper property located on the west side of Adams Lake, British
Columbia. Mantra is led by a highly experienced executive management team that
has a successful track record of building shareholder value through exploration,
corporate finance, and mine development.


For more information please visit www.mantracapitalinc.com. 

Neither the 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.


Joseph Piekenbrock, a Director of the Company, is a Qualified Person for the
purposes of National Instrument 43-101 and has reviewed and approved the
information of a scientific and technical nature contained in this news release.


Cautionary Note Regarding Forward-Looking Statements: Completion of the
transaction is subject to a number of conditions, including but not limited to,
the execution of a binding due agreement, satisfactory due diligence, completion
of required financing and Exchange approval. There can be no assurance that the
transaction will be completed as proposed or at all. This news release includes
certain forward-looking statements and forward-looking information (together,
"forward-looking statements"). All statements other than statements of
historical fact included in this release, including, without limitation,
statements regarding the proposed option agreement and other future plans and
objectives of the Company: There can be no assurance that such statements will
prove to be accurate and actual results and future events may vary from those
anticipated in such statements. Important risk factors that could cause actual
results to differ materially from the Company's plans or expectations include
risks related to Exchange acceptance of the transaction described above,
regulatory changes, risks associated with fundraising, and risk associated with
mineral exploration, including the risk that actual results of exploration will
be different from those expected by management. The forward-looking statements
in this news release were developed based on the expectations of management,
including that Exchange acceptance for the proposed transaction will be provided
and the other risks described above will not materialize. The Company expressly
disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise,
except as otherwise required by applicable securities legislation.


(1) Mantra common shares to be issued based on the market price of the common
shares at the time of payment and subject to capital reorganizations, securities
law and TSXV hold periods, lock-up and voting with management provisions and
TSXV regulations.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Mantra Capital Inc.
Steven N. Khan
Interim Chief Executive Officer
(604) 628-1162
info@mantracapitalinc.com
www.mantracapitalinc.com

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