Mantra Launches Exploratory Project with Prospective Partner

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VANCOUVER, BC / October 28, 2015 / Mantra Energy Alternatives, a subsidiary of Mantra Venture Group Ltd. ($MVTG), has announced that it has launched an exploratory project in collaboration with a prospective technology development partner. The purpose of the project is to evaluate the performance of Mantra's Mixed-Reactant Fuel Cell (MRFC) in a specific application of interest to the prospective partner.

"Identifying a party who is interested in collaboratively exploring the potential of the MRFC in their applications is a very positive step for the technology and the company," said Mantra CEO Larry Kristof. "We anticipate that a success in this preliminary phase will lead to a full development project and ultimately a market-ready product."

Mantra's MRFC is an unconventional fuel cell design that does not employ a membrane, thereby reducing the cost and complexity of the system. The novel technology can utilize a variety of liquid fuels (eliminating the challenges associated with storing and distributing gaseous fuels), including borohydride, hydrazine, and formate. Formate is of particular interest due to the fact that it can be produced from waste CO(2) through Mantra's ERC technology, thus creating a scalable energy storage cycle.

"We demonstrated the capabilities of the technology in the form of the Mantra Spark in May, with the intention of drawing in a strategic partner," said Patrick Dodd, VP of Corporate Development. "We are now one step closer to achieving this objective."

The Mantra Spark is a scooter powered by a 300-W MRFC stack, and was demonstrated running on formate fuel in May of this year.

"To our knowledge, the 300-W fuel cell stack the powered the Spark was the largest mixed-reactant system ever built," said Dr. Piotr Forysinksi, the project's lead engineer. "We are now advancing this first to the 1-kW scale, and thereafter the multi-kW scale."

Mantra has additionally announced that the Canadian patent for the MRFC has been granted (Patent No. CA2733070 C). The patent has now been granted in Canada, the US, and the UK.

About Mantra Venture Group

Mantra Venture Group Ltd. ($MVTG) is a clean technology incubator that takes innovative emerging technologies and moves them towards commercialization. The Company, through its subsidiary Mantra Energy Alternatives, is currently developing two groundbreaking electrochemical technologies designed to make reducing greenhouse gas emissions profitable, ERC (Electro-Reduction of Carbon Dioxide) and MRFC (Mixed-Reactant Fuel Cell).

ERC is a form of "carbon capture and utilization" (CCU) that converts the polluting greenhouse gas carbon dioxide into useful, valuable products including formic acid and formate salts. By utilizing clean electricity, the process offers the potential for an industrial plant to reduce emissions while generating a salable product and a profit.

The MRFC is an unconventional fuel cell that uses a mixture of fuel and oxidant, thereby greatly reducing the complexity and cost of the fuel cell system. Ideal for portable applications, the MRFC is cheaper, lighter, and more compact than conventional fuel cell technologies.

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Contact Details:
Mantra Venture Group Ltd
(604) 560-1503

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 forward-looking statements.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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