Mantra Venture Group Ltd. Inc. (OTCBB:MVTG)

Dear Reader,

Mantra Venture Group Ltd. Inc. (OTCBB: MVTG), which we brought to your earlier this week, is a true pure play in the GREEN Sustainable Energy Sector.  Mantra's competitive advantage lies in its ability to flexibly pair its investment and scientific expertise to guide promising new technologies through development and into the market. Mantra is uniquely positioned to locate, incubate and capitalize upon revolutionary CLEAN - GREEN technologies.  See Breaking *NEWS* Below

Breaking *NEWS* From Mantra Venture Group

Press Release Source: Mantra Venture Group Ltd.
Thursday November 6, 9:15 am ET

SEATTLE, Nov. 6 /PRNewswire-FirstCall/ - Mantra Venture Group Ltd. ("Mantra", OTCBB: MVTG, FSE: 5MV). CEO Larry Kristof announced today that the company is prepared for a substantial rise of interest in CleanTech and CO2 energy technologies as a result of the United States elections, and will vigorously pursue opportunities as they arise.

"We've been building our business and technologies in a market that was already warming to our efforts," Kristof stated. "With a change in the American presidency and flux in the personnel of Congress, many pundits believe that alternative fuels and sustainability are likely to find greater application in the coming years. We're ready."

In November 2007, Mantra acquired its flagship technology, a chemical process developed at the University of British Columbia's Clean Energy Research Center referred to as the electrochemical reduction of carbon dioxide, or ERC. Mantra has since filed for international patent protection for this technology. The reactor at the heart of the process has been successfully proven through small-scale prototype trials. ERC offers an innovative solution to reduce the impact of carbon dioxide (CO2) on Earth's environment by converting CO2 into materials with a broad range of commercial applications, including a fuel for a next generation of fuel cells.

The ERC process 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.

ERC's primary purpose is to convert CO2, a harmful waste product of burning fossil fuels and manufacturing, into a valuable product: formic acid. The annual value of formic acid sales last year was approximately $600 Million. However, that figure could increase significantly upon implementation of ERC in large scale processes in which formic acid could be generated and used on-site. Formic acid is one of the strongest of the organic acids, but is biodegradable. As such, formic acid can replace a number of different inorganic acids in various industrial applications in a more environmentally safe manner. As an example, steel manufacturers could switch to formic acid for the removal of rust and oxidation (pickling) from their steel products as suggested by Centre de Recherches Metallurgiques, a European steel research association.

Currently, the most widely used chemical for this process is hydrochloric acid. The worldwide market for hydrochloric acid was approximately $6 Billion last year and one quarter of all hydrochloric acid produced in the US was used in steel pickling. By attaching an ERC reactor to a steel plant, Mantra could help reduce harmful CO2 emissions and lower process costs by eliminating the need to purchase hydrochloric acid.

About Mantra:
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, 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.

Source: Mantra Venture Group Ltd.
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About Mantra Venture Group

Mantra Venture Group Ltd. Inc., "Mantra""MVTG" seeks to be a world-leader in the development of commercially viable sustainable technologies that will minimize the impact of human activity on our climate, environment and health. Mantra’s aggressive growth strategy will see the company create a significant return on investment for investors by becoming a key contributor to the global effort for environmental sustainability and, in particular, carbon dioxide management and reduction.

In November 2007, Mantra acquired its flagship technology, a chemical process developed at the University of British Columbia’s Clean Energy Research Center. The reactor at the heart of the process, referred to as the electrochemical reduction of carbon dioxide, or ERC, has been successfully proven through small-scale prototype trials. ERC offers an innovative solution to reduce the impact of carbon dioxide (CO2) on Earth’s environment by converting CO2 into materials with a broad range of commercial applications, including a fuel for a next generation of fuel cells.

Powered by electricity, the ERC process combines captured carbon dioxide with water to produce high value materials, such as formic acid, formate salts, ammonium formate, oxalic acid and methanol, that 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. 

In fuel cells liquid fuels are indirectly combined with oxygen to form carbon dioxide and water, while generating electricity. This process is known as electro-oxidation. The complimentary nature of ERC and electro-oxidation makes it possible to use ERC in a regenerative fuel cell cycle, where carbon dioxide is converted to a fuel that is consumed in a fuel cell to regenerate carbon dioxide. 

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.

By aggressively seeking out clean tech innovations and renewable energy solutions, MVTG aims to connect investors with exciting opportunities that meet today’s global environmental challenges. Mantra has acquired the intellectual property (patent application) for an alternative to carbon capture and storage, the CO2 Converter, a process that converts carbon dioxide into a fuel. Mantra has also secured an exclusive option to Signal Smoothing, a technology that can convert power from variable sources (i.e.. wind and solar) into grid standard. And the Mantra Research & Development team continues to investigate opportunities in cellulosic ethanol, bio-gas from biomass, and clean coal technology. 

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Mantra's role is primarily financial; inviting investors to discover the remarkable opportunities in sustainability. 
In addition to providing the subsidiary companies with corporate oversight and guidance, the company has a 
secondary role to engage the community through education. MVTG will achieve its mission by licensing and commercializing both proven and innovative technologies.

• CO2 capture, sequestration, underground injection 
• Evaluation of the marketplace for carbon reduction vendors 
• Increasing power efficiencies 
• Wind, ocean & geothermal power 
• Biomass gasification 
• Fuel cell technology commercialization 
• Clean coal technologies 
• Residential/commercial/industrial Energy Efficiency 
• Low carbon transportation alternatives

C02 Conversion and ERC

Mantra has acquired the intellectual property (patent-applied-for process) for a process developed at the University of British Columbia that converts carbon dioxide (CO2) into useful products. This process, named ERC (electro-reduction of carbon dioxide), takes carbon dioxide and water, combined with electricity, to produce fuels and chemicals such as formic acid, formates and oxygen.

Carbon dioxide is a greenhouse gas and a main contributor to climate change. Today one quarter of the world’s carbon dioxide emissions are released from the burning of Fossil Fuels in stationary coal-fired power plants. As of yet, large scale applications have not been able to make the shift to renewable energy as fossil fuels remain the most cost effective option energy source available. Scientists and innovators are therefore looking at methods to deal with the CO2 released so that it doesn’t enter our atmosphere. These methods currently include capturing the gas and injecting it underground for storage in a process called carbon sequestration. However, as of yet, a full carbon capture and storage system for large-scale power plants is also not a cost effective option.
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Electro-Reduction of Carbons (ERC) unit

The ERC process offers an innovative alternative to carbon sequestration with many potential advantages. The first advantage is that the ERC, instead of addressing carbon dioxide as the problem, harnesses its chemical properties as part of the solution.    Capitalizing on the abundance of carbon dioxide being released from fossil fuel combustion the ERC converts CO2 to useful, financially profitable products.

The second advantage is that the process is driven by electric energy that can be taken from an electric power grid supplied by hydro, wind, solar, tidal or nuclear energy. Lastly, there is potential for this technology to be applied in a closed-loop fuel cell cycle, whereby carbon dioxide is converted into a fuel that is then used in a fuel cell to generate energy. MVTG sees the potential of the ERC as a step towards mitigating climate change. 

The value of the carbon dioxide market is currently in the billions of dollars annually. The state of this evolving market is indicated by the large industry participants including British Petroleum (NYSE:BP) and General Electric (NYSE:GE) who are building energy production gasification plants aimed to capture and sequester over 400 million tons of carbon dioxide in a single year, while Carbon Credits are traded at values up to $30 per ton of CO2. 
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Recent News from Mantra Venture Group

Press Release Source: Mantra Venture Group Ltd. 
Tuesday October 28, 9:15 am ET 

SEATTLE, Oct. 28 /PRNewswire-FirstCall/ - Mantra Venture Group Ltd. ("Mantra", OTCBB: MVTG, FSE: 5MV) is pleased to announce that its technology to convert carbon emissions into valuable chemicals and potential sources of fuel garnered remarkable attention at the Sustainability 2008 conference. Due to the successful launch of its carbon reduction reactor, Mantra has been invited for follow up meetings regarding government initiatives, investment, and joint venture proposals by various attendees and presenters at the conference.

"Our expectations for this prestigious conference were far surpassed," stated Mantra president Larry Kristof. "Both the volume of interest and the quality of those interested gives rise to optimism, and enhances our already bright future in this lucrative arena. I strongly encourage investors and Cleantech enthusiasts to stay tuned for more announcements about our corporate progress."

You can see for yourself how the company's carbon reduction technologies can transform the way that large scale industry can deal with its carbon dioxide emissions at Mantra's website: www.mantraenergy.com, where you can also view photos and a slideshow of the Sustainability 2008 conference. For even more information, please download weekly podcasts with Mantra's president, Larry Kristof, hosted by the Opportunity Show, a weekly radio show intended to showcase emerging companies. The podcasts may be downloaded from Mantra's website or www.opportunityshow.com.

Mantra also wishes to thank everyone who came out to their site at the Sustainability 2008 conference and made the presentation of their carbon reduction technology such an overwhelming success. Mantra gives special thanks to Source One, the organizer of Sustainability 2008, for their forward thinking and commitment to the betterment of this planet through support of sustainability initiatives.

Mantra is now looking forward to following up on the various opportunities presented by investment, industry and government organizations as well as heading back to the lab in order to develop the commercialization and industry applications of its carbon reduction technology. MORE

Click HERE to see highlights from MVTG's presentation at the Sustainability 2008 conference

Press Release Source: Mantra Venture Group Ltd. 
Thursday October 23, 9:15 am ET 

SEATTLE, WA, Oct. 23 /PRNewswire-FirstCall/ - Mantra Venture Group Ltd. ("Mantra", OTCBB: MVTG, FSE: 5MV) has taken steps during the last quarter to position itself at the forefront of pioneering sustainability initiatives. Mantra's flagship technology for the electro-reduction of carbon (ERC) is ready to be displayed for the first time to the public and media at the Sustainability 2008 conference on October 24, 2008 in Vancouver, Canada. Over 55 leading sustainability industry participants and 1,500 attendees representing media, corporate and government organizations will be present at Sustainability 2008.

"Mantra has a proven chemical process which is a part of the solution to one of the large environmental problems plaguing our planet: carbon dioxide," commented John Russell, head of Mantra's Scientific Advisory Board. "We understand that in order for sustainability to be attractive to companies, it needs to be commercially useful. ERC is. It really could be a breakthrough in the way our planet handles its carbon dioxide pollution."

The ERC reactor converts captured carbon dioxide into various useful byproducts such as formic acid, sodium bicarbonate and possibly even methanol. One possible application is the use of an ERC reactor within a steel plant. A substantial amount of carbon dioxide is produced by steel plants during the smelting process. An ERC reactor is capable of converting a portion of the carbon dioxide produced by the steel plant into formic acid. The formic acid can then be used by the steel producer in an efficient steel pickling process; replacing the currently used hydrochloric acid. Mantra is also looking into applying this concept to pulp and paper mills as well as numerous other large scale industries and developing new applications such as formic acid fuel cells.

Mantra's recent developments have resulted in many governments and leading industrial companies taking an interest in ERC. Mantra is currently in discussions regarding various grants and other support initiatives offered by international governments, as well as possible pilot projects with large industrial companies. Through a combination of government grants and equity financing, Mantra plans to raise $5 million in the next quarter in order to begin commercial testing of its ERC technology at various sites and research and develop additional applications.

Larry Kristof, Mantra's President, commented, "Mantra has experienced accelerated development and an unprecedented amount of interest in our ERC technology during the last quarter. We secured additional financing when many other companies are struggling to meet their basic obligations, completed our ground-breaking ERC reactor and established many valuable connections within industry and government institutions." MORE

Press Release Source: Mantra Venture Group Ltd. 
Wednesday October 22, 9:15 am ET 

SEATTLE, WA, Oct. 22 /PRNewswire-FirstCall/ - Mantra Venture Group Ltd. ("Mantra", OTCBB: MVTG, FSE: 5MV) has taken steps during the last quarter to position itself at the forefront of pioneering sustainability initiatives. Mantra's flagship technology for the electro-reduction of carbon (ERC) is ready to be displayed for the first time to the public and media at the Sustainability 2008 conference on October 24, 2008 in Vancouver, Canada. Over 55 leading sustainability industry participants and 1,500 attendees representing media, corporate and government organizations will be present at Sustainability 2008.

"Mantra has a proven chemical process which is a part of the solution to one of the large environmental problems plaguing our planet: carbon dioxide," commented John Russell, head of Mantra's Scientific Advisory Board. "We understand that in order for sustainability to be attractive to companies, it needs to be commercially useful. ERC is. It really could be a breakthrough in the way our planet handles its carbon dioxide pollution."

The ERC reactor converts captured carbon dioxide into various useful byproducts such as formic acid, sodium bicarbonate and possibly even methanol. One possible application is the use of an ERC reactor within a steel plant. A substantial amount of carbon dioxide is produced by steel plants during the smelting process. An ERC reactor is capable of converting a portion of the carbon dioxide produced by the steel plant into formic acid. The formic acid can then be used by the steel producer in an efficient steel pickling process; replacing the currently used hydrochloric acid. Mantra is also looking into applying this concept to pulp and paper mills as well as numerous other large scale industries and developing new applications such as formic acid fuel cells.

Mantra's recent developments have resulted in many governments and leading industrial companies taking an interest in ERC. Mantra is currently in discussions regarding various grants and other support initiatives offered by international governments, as well as possible pilot projects with large industrial companies. Through a combination of government grants and equity financing, Mantra plans to raise $5 million in the next quarter in order to begin commercial testing of its ERC technology at various sites and research and develop additional applications.

Larry Kristof, Mantra's President, commented, "Mantra has experienced accelerated development and an unprecedented amount of interest in our ERC technology during the last quarter. We secured additional financing when many other companies are struggling to meet their basic obligations, completed our ground-breaking ERC reactor and established many valuable connections within industry and government institutions." MORE

Press Release Source: Mantra Venture Group Ltd. 
Monday October 20, 9:15 am ET 

SEATTLE, Oct. 20 /PRNewswire-FirstCall/ - Mantra Venture Group Ltd. ("Mantra", OTCBB: MVTG, FSE: 5MV) is pleased to announce that it has secured a total of US $500,000 in financing. The proceeds of this financing will be used to fund Mantra's day to day operations and further commercialization of its Electro Reduction of Carbon Dioxide ('ERC') reactor.

Larry Kristof, Mantra's President and Chief Executive Officer commented on the financing, "We are extremely encouraged that even when faced with an economic backdrop of uncertain investor confidence, an unprecedented credit crisis and suspect growth, Mantra is still able to attract new sources of funding. This financing further reinforces that the investment community is still excited about sustainability projects and believes that Mantra's robust plan of growth and profitability is sustainable in any financial environment."MORE
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Financial Highlights for MVTG

Company Contacts

Mantra Venture Group 
Canada Corporate Headquarters 
Dominion Building 
Suite 1205, 207 West Hastings Street, 
Vancouver, BC, Canada V6B 1H7 

 (877) 609-2898 (Toll Free)
(604) 609-2878 

Mantra Venture Group 
  USA Corporate Headquarters 
Two Union Square 
Suite 4200, 601 Union Street, 
Seattle, WA, USA, 98101 

 (877) 609-2898 (Toll Free) 
 (206) 652-3403 

Investor Relations
Phone: 1(877)609-2898
E-mail: ir@mantraenergy.com

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