MTR

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Mantra Capital Inc. ("Mantra" or the "Company") (TSX VENTURE:MTR) is pleased to
announce that it is increasing the size of its previously-announced private
placement by up to an additional 170,333 shares, representing additional gross
proceeds of up to $20,440.  


Subject to approval of the TSX Venture Exchange, the private placement shall now
be comprised of up to 4,337,000 common shares at a price of $0.12 per share for
gross proceeds of up to $520,440. 


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.


Cautionary Note Regarding Forward-Looking Statements: 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 private placement 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 private placement, regulatory changes, risks
associated with obtaining required Exchange and other approvals, removal of
conditions, 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 transactions will be obtained, conditions will be
satisfied, required fundraising will be completed 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.


This press release does not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be sale of the securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful, including in the
United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "1933 Act") or any
applicable securities laws of any state of the United States and may not be
offered or sold in the United States, or to, or for the account or benefits of a
U.S. person (as defined in Regulation S under the 1933 Act) unless registered or
pursuant to an available exemption from such registration requirements. 


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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