Mantra Welcomes Mr. Jae Choon Ryu as Vice President of Corporate Finance, Korea.

SEATTLE, Oct. 5 /PRNewswire-FirstCall/ - Mantra Venture Group Ltd. (Mantra,
OTCBB: MVTG, FSE: 5MV) is pleased to announce the appointment of Mr. Jae Choon
Ryu as Vice President of Corporate Finance, Korea. Mr. Ryu has over 17 years
of experience in the investment industry in Korea, and has raised capital in
excess of $50 million USD through public offering and private placement deals.
With the appointment of Mr. Ryu, Mantra started its Phase 1 of a two-phase
approach for its expansion into Korea. Mr. Ryu will be responsible for
managing partnerships in Korea and securing additional financing for the
development of Mantra's CO2 recycling and other technologies. Mantra's
regional office is scheduled to open on the first week of November 2009 and it
will be located in the Investment Korea Plaza at the KOTRA head office in
Seoul.
Upon completion of Phase 1, Mantra will engage in the Phase 2 involving the
identification and implementation of a research facility and a demonstration
project at a industry site such as a power plant. This initiative will be in
collaboration with both Korean provincial government and industry partners,
and will be strategically aligned with the numerous incentive programs
available within Korea.
Shawn Kim, Vice President of International Business Development of Mantra,
comments: "It is with great honour that we make this recent announcement. Mr.
Ryu's financing capabilities are second to none, and we are very pleased that
he has decided to join our team. In leveraging his experience and prolific
contact base in Korea, Mr. Ryu is expected to deliver significant financing
and partnership opportunities for Mantra that will lead to the
commercialization of our CO2 recycling technology."
Mr. Ryu began his career at Korea Investment & Securities Co., Ltd. where he
started as an analyst and was later promoted to the senior management position
where he managed private investor accounts. After dedicating 14 years to Korea
Investment & Securities Co., Ltd. Mr. Ryu moved to Korea Prudential Investment
Securities Co., Ltd in the branch management capacity where he financed over
$23 million USD to various Korean companies. Mr. Ryu has also been involved in
listing alternative energy companies on the Korean Stock Exchange.
In reflecting on his recent appointment, Mr. Ryu noted "I am very excited to
join Mantra at this critical stage as Korean governments and industries are
keen in developing carbon reduction and recycling technologies. In my opinion,
Mantra's carbon recycling technology fits perfect with Korean geographical and
industrial characteristics. Having a presence in Korea will greatly enhance
Mantra's exposure to the local industries as they can see, touch, and feel the
working technology in their own backyard."
This news comes as the second of a series of anticipated developments
resulting from Mantra's recent trip to Korea, and further details will be
available shortly.

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About ERC

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. However, ERC has an advantage over
the established thermochemical methods for converting carbon dioxide to liquid
fuels.
While thermochemical reactions must be driven at relatively high temperatures
that are normally obtained by burning 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
renewable energy).

About Mantra Venture Group Ltd.

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, more importantly, socially 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
EDV 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
Kol Henrikson
1-877-609-2898
khenrikson@mantraenergy.com
www.mantraenergy.com

SOURCE Mantra Venture Group Ltd.

Investor Relations, Kol Henrikson, 1-877-609-2898,
khenrikson@mantraenergy.com, www.mantraenergy.com