Mantra Mining Inc.

Mantra Mining Inc.

May 05, 2008 09:00 ET

Mantra Mining Inc. Appoints Rick Van Nieuwenhuyse to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2008) - Mantra Mining Inc. (the "Company") (TSX VENTURE:MAN) is pleased to announce the appointment of Rick Van Nieuwenhuyse to the Board of Directors of Mantra Mining Inc., effective immediately.

Raj Chowdhry, Mantra Mining President, comments: "We are very pleased to welcome Mr. Van Nieuwenhuyse to our Board. Mr. Van Nieuwenhuyse not only has the ability, expertise and experience in geology and mining but also the business ability to identify, develop and capitalize on sound business opportunities, at the right time, with a long term view. The Board views Rick Van Nieuwenhuyse as an instrumental and valuable addition to the Company and as an important component in assisting, guiding and building the Company's future in the mining business."

Mr. Van Nieuwenhuyse, President and Chief Executive Officer of NovaGold Resources Inc. has since assuming management of NovaGold in 1998, assembled a portfolio of world-class properties and a team of top industry professionals who have turned NovaGold into one of North America's fastest growing mining companies, poised to become a mid-tier gold, silver and copper producer.

Rick's vision and ability to follow through can be attributed to his 30 years of worldwide experience in the natural resource sector, including time as Vice President of Exploration at Placer Dome. He brings years of working experience and knowledge of Alaska, Western Canada, Africa and Asia, and has managed projects from grassroots discovery through to advanced Feasibility Studies and production. Rick holds a Candidature degree in Science from the Universite de Louvain in Belgium, and an M.Sc. in Geology from the University of Arizona.

Further, the Company wishes to announce that it has granted 200,000 stock options to Mr. Van Nieuwenhuyse under the Company's 2007 Stock Option Plan that was approved at the Company's February 27, 2008 annual general meeting. The options will be exercisable for a period of two years at a price of $1.00 per share.


Raj Chowdhry, C.A., President & CEO

Cautionary Notice: This release may contain forward-looking statements regarding the Company's business or financial condition. Actual results could differ materially from those described in this news release as a result of factors, including, but not limited to the following: additional drilling, sampling and resource valuations, engineering and construction timetables, financial arrangements, developments in world resource markets, political developments in Canada, the timing of regulatory and environmental approval and other factors. With respect to additional exploration, actual events may differ from current expectations of the Company or its joint-venture partners and other factors. The Company cautions that these and similar statements involve risk and uncertainties and are qualified by important factors, including competitive pressures, unfavorable changes in regulatory structures, and general risks associated with business, which could cause actual results to differ materially from those in the forward looking statement. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

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