Mantra Revokes Sponsorship Agreement with M Partners Inc., Selects Canadian National...

Mantra Revokes Sponsorship Agreement with M Partners Inc., Selects Canadian
National Stock Exchange for Public Listing in Canada

SEATTLE, June 26 /PRNewswire-FirstCall/ - Mantra Venture Group Ltd. ('Mantra',
OTCBB: MVTG, FSE: 5MV) would like to announce the termination of the
Sponsorship Agreement with M Partners Inc. which was entered into on December
4th, 2008. Under the terms of the agreement, M Partners Inc. agreed to act as
a sponsor and prepare a sponsorship report for Mantra with the goal of listing
the company on the TSX Venture Exchange in Canada. After an in depth analysis
of other listing options in Canada, it was determined by Mantra's management
that the Canadian National Stock Exchange (CNSX) would be better suited for
the company's Canadian listing.
The CNSX, formerly known as the Canadian Trading and Quotation System Inc.
(CNQ), is an innovative new stock exchange for trading equity securities of
emerging companies in Canada. Similar to the TSX.V, the CNSX is a fully
reporting, full service exchange. The CNSX offers a cost effective incentive
pricing strategy and is dedicated to serving all market sectors, in particular
the Green Tech sector. Listing on the CNSX is subject to Mantra meeting the
requirements of CNSX and completing its application and approval process.
"There were several factors contributing to the management's decision to list
on the CNSX," commented Larry Kristof, President and CEO of Mantra. "Firstly,
the exchange's cost structure makes it ideal for emerging companies given the
current state of the economy. Secondly, shareholders will benefit from added
liquidity while maintaining investor confidence - thanks to the exchange's
highest possible standard of regulatory oversight. Lastly, the exchange's
commitment to focus on developing industries will help expand Mantra's public
profile through an assortment of marketing efforts and sponsorship
opportunities. Overall, we are very pleased with the entrepreneurial approach
taken by the CNSX, and we look forward to trading on the exchange."

About CNSX:

Formerly known as the Canadian Trading and Quotation System Inc. (CNQ), the
exchange re-launched as the CNSX in November 2008 to reflect its status as a
full service, national stock exchange. CNSX's unique model matches enhanced
disclosure and streamlined issuer regulation with leading edge technology to
meet the needs and characteristics of emerging companies, their investors and
investment dealers. CNSX is fully recognized by the Ontario Securities
Exchange Commission (OSC) as a stock exchange and is subject to OSC regulatory
requirements.
For more information on the CNSX, please visit their website: www.cnsx.ca.

About Mantra:

Mantra, through its group of sustainable energy, carbon recycling 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.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on
the Frankfurt Stock Exchange under the symbol 5MV.

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.

Investor Relations

Terry Johnston
604-267-3022
tjohnston@mantraenergy.com
www.mantraenergy.com

SOURCE Mantra Venture Group Ltd.

Investor Relations: Terry Johnston, (604) 267-3022,
tjohnston@mantraenergy.com, www.mantraenergy.com