SOURCE: Mantra Venture Group, Ltd.

September 13, 2010 15:45 ET

Mantra Increases Management Strength

SEATTLE, WA--(Marketwire - September 13, 2010) -  Mantra Venture Group Ltd. ('Mantra') (OTCBB: MVTG) (FSE: 5MV) is pleased to announce the signing of a Teaming Agreement with Solid Team LLC of Claremont, California, a U.S. management group. 

Solid Team LLC is a management firm whose partners are senior American executives that have strong track record of accomplishment in both industry and government. Thomas Noel, the former U.S. Assistant Secretary of Energy and Chief Executive Officer or ERCOT, the Texas electrical grid company, and William McLaughlin, founder of Toxco, the world's largest recycler of lithium, and a major developer of Carbon Offset Credit programs will work side by side with Mantra in pending projects in Canada and the United States. Marcus Mota e Silva, former President of California Steel; retired U.S. Army Major General Nicholas Krawciw; and Bradley Jacobs, former Assessor of the County of Orange will also complement Mantra's management team.

William McLaughlin of Solid Team said: "proper development and implementation of the Mantra process will have a major impact on the reduction of greenhouse gas generation in the world and play a significant role in the reducing the effects of Climate Change in the United States. Carbon dioxide from coal fired plants cause 30% of that country's greenhouse gases." He went on to say: "we at Solid Team expect to find major investment to improve the company's financial base and to obtain contracts from the U.S."

Thomas Noel of Solid Team referred to the Mantra process as a potential "Game Changer" when it comes to the use of coal in the generation of electrical power, and power for industry. Coal, one of the least expensive sources of power, now has a chance of being used without the severely negative environmental consequences of which we have only recently become aware. In addition, the Mantra process yields a saleable green chemical, formic acid, which is highly valuable.

Mr. Larry Kristof, Mantra's CEO, had this to say about the new relationship between Mantra and Solid Team: "We are pleased to have access to the skills and experience of Solid Team - this is the next stage in building our corporate management team. The Solid Team partners have built innovative, new technology companies from concept to commercialization, they have walked the corridors of U.S. government power - they know how it works and can guide us. Thru them we will gain traction in the U.S. with both clients and investors. This is an exciting development." 

Mr. John Russell of Mantra Energy commented: "We have done the hard development work in the lab, and now our ERC technology needs to be known and appreciated. Solid Team will assist us in making it happen. This will establish a much larger footprint in the United States for Mantra."

Following signing of the agreement, the first action by Mantra and Solid Team was to send in an abstract proposal to the US Department of Energy related to the Mantra carbon reduction and recycling process. DOE responded: "the abstract proposal has been received by the Department of Energy and has been forwarded for review. We expect the results within 4 to 6 weeks".

Mantra's ERC technology

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. 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 Venture Group Ltd.

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.

Solid Team

Solid Team, LLC is a management company specializing in environmental issues related to climate change and the U.S. export trade for both agricultural and high tech products. To learn more about Solid Team please visit their website at www.solidteam.com

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.

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