Mantra Capital Announces Term Sheet to Acquire Wind Mountain Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 30, 2014) - 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 Payment	Common Shares Payment1
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.