Mantra Venture Group Provides Update on its ERC technology

Mantra Venture Group Provides Update on its ERC technology

SEATTLE, Aug. 12 - Mantra Venture Group Ltd. (OTCBB: MVTG - FSE: 5MV) is pleased to provide an update on the progress of its ERC (Electro Reduction of Carbon Dioxide) technology at its laboratory. The following tasks have been completed to date:

- The preliminary process flow diagram has been reviewed and updated;
- Material compatible for the project have been reviewed;
- Major components have been selected and ordered;
- Electrochemical cells have been received from the University of
British Columbia and are currently being refurbished for the project;
and
- A one year research and development schedule has been completed.

In addition, assembly of the test rig is underway under the oversight of Mr. Norman Chow, the President of Kemetco Research Inc. Mr. Chow is highly experienced in serving his various clients in designing test and research protocols to achieve specific ends within budget and on schedule. In this project he is working closely with Professor Colin Oloman, one of the inventors and an individual who is very knowledgeable about the ERC chemistry and underlying processes. They have worked together previously and understand one another which allows them to easily communicate and to concentrate on the complexities required in the project.

Kemetco's Senior Research Scientist on the project, Mr. Joey Jung, has a solid background in electrochemical engineering, battery research, fuel cell and electrowinning technologies. He has direct understanding of what must be accomplished from his own inventions, and from making numerous patent applications. Mr. Jung has overseen most of the purchasing for the test rig and is assembling manufacturing diagrams.

The ERC process takes carbon dioxide and water, combined with electricity, to produce fuels and chemicals such as formic acid, formates and oxygen. The scientific research conducted on the ERC process was summarized in three papers. Two papers were published in Journal of Applied Electrochemistry(1),(2) and one published in Chem Sus Chem(3).

Larry Kristof, Mantra's C.E.O., commented "The ERC test station is scheduled to be assembled by September 19, 2008 and online by September 30, 2008. Mantra is very excited to push this technology through to the marketplace. Implementation of this technology will have a significant impact on our current climate change crisis."

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, 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 5MV. For more information please visit us at www.mantraenergy.com.

Mantra is encouraging and enabling investors to make environmental consumer choices with a free environmental bag. Sign up here: http://www.mantraenergy.com/tools-and-utilities/free-bag.html

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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(1) Hui Li and Colin Oloman, The electro-reduction of carbon dioxide in a
continuous reactor, Journal of Applied Electrochemistry, (2005), Vol
35, pp 955-965.
(2) Hui Li and Colin Oloman, Development of a continuous reactor for the
electro-reduction of carbon dioxide to formate - Part 2: Scale-up,
(2007), Vol 37, pp 1107-1117.
(3) Colin Oloman and Hui Li, Electrochemical Processing of Carbon
Dioxide, (2008), Vol 1, pp 385-391.

Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.

For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp

Contact:
Terry Johnston,
Investor Relations,
Phone: (604) 267-3022,
Email: tjohnston@mantraenergy.com,
Website: http://www.mantraenergy.com

Source: Mantra Venture Group Ltd.