Mantis Mineral Corp.
CNQ : MINE

Mantis Mineral Corp.

October 19, 2007 16:20 ET

Mantis Completes Private Placement

TORONTO, ONTARIO--(Marketwire - Oct. 19, 2007) - Mantis Mineral Corp. (CNQ:MINE) is pleased to announce that it has completed a private placement of 4,000,000 units of Mantis at a price of $0.35 per unit for gross proceeds of $1,400,000. Each unit is comprised of one common share and one-half of a common share purchase warrant, each whole warrant entitling the holder to acquire one common share at an exercise price of $0.50 until October 19, 2009.

Proceeds of the offering will be used for exploration work on Mantis' Tamarack and Orphan mine projects in Ontario and general working capital. Citadel Securities Inc. and HDL Capital Corporation acted as agents in connection with the private placement and received commission in the aggregate amount of $112,000 and 400,000 warrants entitling the holders thereof to acquire one unit at an exercise price of $0.35 until October 19, 2009.

Mantis would like to clarify its press release of October 18, 2007. Mantis completed a private placement of 7,019,332 units of Mantis at a price of $0.225 per unit and 402,222 common shares at a price of $0.1125 per share for gross proceeds of $1,624,600.

Shares Outstanding: 50,346,942

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