Opinion on  Mantra Venture Group Ltd. (MVTG)
Mantra Venture Group (MVTG.OB) is Bridging the Gap for Sustainable, Green Technologies

Mantra Venture Group Ltd. (MVTG.OB) Video Interview Provides Overview of ERC Technology

During the Sustainability 2008 Conference hosted in Vancouver, British Columbia, Mantra Venture Group’s VP of Technology Evaluation John Russell participated in an interview to discuss the company’s ERC (electro-reduction of carbon dioxide) Technology. To hear the interview while watching a demonstration of the technology, please click on the following link: http://www.youtube.com/watch?v=-rLzHRmZ0NA.

Carbon dioxide is the main contributor to climate change and accounts for about two thirds of greenhouse gases produced by human activities. Currently, one quarter of the world’s carbon dioxide emissions are released from the burning of fossil fuels in stationary coal-fired power plants. Since large scale applications have not yet been able to make the shift to renewable energy, fossil fuels remain the most cost effective option energy source available.

Scientists and innovators are now looking at methods to manage 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, a full carbon capture and storage system for large-scale power plants is not a cost effective option.

Mantra Venture Group’s ERC process offers a revolutionary alternative to carbon sequestration with many potential advantages. Instead of addressing carbon dioxide as the problem, ERC harnesses the gas’s chemical properties as part of the solution. Capitalizing on the abundance of carbon dioxide being released from fossil fuel combustion, ERC converts CO2 to useful, financially profitable products.

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Mantra Venture Group Ltd. (MVTG.OB) to Receive Canadian Federal Funding

Mantra Venture Group Ltd. announced yesterday after the closing bell that it has entered into a Contribution Agreement with the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) with the purpose of advancing its Electro-Reduction Technology (ERC) towards commercialization. In addition to business and technical advisory and development support, this agreement will provide research and development funding of up to $75,000.

In the press release, the company stated, “The objective of this project, entitled ‘Electroreduction of Carbon Dioxide Development Program,’ is to establish the technical basis for electro-reduction of carbon dioxide to formate using Mantra’s ERC technology. The focus will be on increasing the cathode life, reducing formate cross-over to retrieve formate from the catholyte solution, and optimizing the reactor with respect to its use in processes for the electro-synthesis of formate/formic acid.”

Larry Kristof, President and CEO of Mantra, commented, “We are very encouraged by the continued support from both private and public organizations such as NRC-IRAP, especially given the economic challenges currently faced by many development-stage companies today. It is with great pleasure that we accept the opportunity to collaborate with NRC-IRAP on this project, and we look forward to both the advisory support as well as the financial assistance offered through the program.”

Norman Chow, President of Kemetco Research, a technology development and scientific research company that has partnered with Mantra to launch and operate the ERC Development Program, stated, “The completion of Mantra’s ERC technology will potentially revolutionize the Carbon Capture and Sequestration marketplace. As such, we hope to make significant technical advancements through the NRC-IRAP program, ultimately resulting in the widespread commercialization of ERC.”

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Mantra Venture Group Ltd. (MVTG.OB) Recognizes the Significant Market for the Biometals Recovery System

Mantra Venture Group Ltd., through its group of sustainable energy, carbon reduction, and consumer product subsidiaries, is active in the green technology marketplace. By aggressively seeking out new technologies and innovative solutions for a cleaner Earth, the company has a multi-faceted approach focused on profitability through sustainability.

Mantra Venture recently signed an exclusive option agreement to acquire the license of the biometals recovery system (BRS) – a biological-based water treatment system that selectively recovers and upgrades valuable metals with maximum energy recovery. A major market for this technology is acid mine drainage.

Acid mine drainage, the outflow of acidic water from abandoned metal or coal mines, is a major problem in the US. Acid mine drainage is responsible for the contamination of 40% of western waterways. In addition to the treatment of acid mine drainage, a secondary market for Mantra’s BRS technology is heap leaching metal recovery. Heap leaching is currently responsible for 20% of worldwide copper production.

The implementation of the Mantra’s BRS technology will focus on the development of selected large-scale projects in collaboration with key industry partners. In addition, the company anticipates licensing the BRS technology to resource companies for their own applications for projects that do not fit within Mantra’s discretionary project criteria.

Mantra’s BRS technology relies on a much more efficient biological reaction than competitive products already in the marketplace, and is expected to provide a major economic advantage over competing technologies in the acid mine drainage marketplace. Therefore, Mantra anticipates rapidly overcoming market penetration rates achieved by its competitors.

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