Mantis announces high grade gold and mineable widths at its Cree Lake property.



    TORONTO, Jan. 12 /CNW/ - Mantis Mineral Corp ('Mantis'--CNSX 'MYN') is
pleased to announce that the compilation of assay data results from its Cree
Lake gold property reflects a consistent, high grade vein hosted within an
envelope of gold bearing sheared volcanics over a 2-meter width and 80-meter
strike length.
    The Flint Rock Occurrence was exposed by a trench-strip area averaging
20-meters in width along a 100-meter length. Within this area, the main zone
was exposed for an 80-meter strike length and averaged 2-meters in width. The
zone remains open both at the east and west end, the east extension plunging
into heavier overburden while the west end strikes beneath the waters of Cree
Lake.
    Gold grades weighted over 1.52-meters (5-feet) representing a contained
length within the width of the 2-meter zone along its 80-meter strike length
are summarized below. Background gold grade was derived from 12-channel cuts,
of a composite of four 50-centimeter long samples forming a 2-meter long
sample across the main volcanic zone, and averaged 1.0 grams per tonne.

    
    Sample No    Au ppm       Au opt       Au ppm       Au opt
                  20-cm        20-cm    1.52-meters   1.52-meters
    C174482     196.000        5.715       26.641        0.777
    C174483     103.500        3.018       14.469        0.422
    C174217      83.700        2.441       11.864        0.346
    C174213      61.100        1.782        8.734        0.255
    C174212      51.700        1.508        7.654        0.223
    C174263      50.100        1.461        7.443        0.217
    C174470      48.360        1.410        7.219        0.211
    C174222      45.600        1.330        6.851        0.200
    C174264      41.000        1.196        6.246        0.182
    C174490      36.700        1.070        5.680        0.166
    C165601      19.200        0.560        3.377        0.098
    C174255      19.035        0.555       12.862        0.375
    

    Not included in the weighted average of the zone width are chip samples
from the vein. They are tabled below; arranged vertically from west to east,
with C174225 located at the extreme west end of the trench, sample C174268
located at the extreme east end of the trench, and the intervening samples
located in-between along the vein's 80-meters exposed length. These samples
were collected in many places where saw-cut extracting was impossible.
    Significantly, these samples taken intermittently along the length of the
vein, some in proximity to the channel cuts, support the high grade nature of
the vein along its entire length.

    
    Sample      Au     Sample      Au    Sample      Au
      ID       opt       ID       opt      ID       opt
    C174225   1.148   C174203   1.840   C174296    8.77
    C174243   1.318   C174206   0.391   C174295   0.758
    C174484   0.346   C165601   0.560   C174401   5.016
    C174232   2.651   C174480   4.403   C174261   0.997
    C174231   2.021   C174481   6.678   C174265   1.825
    C174227   1.053   C174500   0.589   C174262   0.255
    C174214   5.686   C174494   0.764   C174269   0.189
    C174215   5.365   C174223   4.068   C174268  37.908
    C174250   0.459   C174295   0.758
    C165604   1.394   C174499   1.105
    

    Mantis is very pleased with these results which will serve as a
foundation from which to launch its future plans for the Cree Lake property.
The plans include an extensive geological compilation, drill program and
spring prospecting-mapping and trenching programs.
    Commented Robin Ross, CEO; "The project is extremely exciting given that
at the very early stage of exploration we have certainly established the gold
continuity and grade of the vein at surface. The property may ultimately prove
to host a much larger gold system and if these grades persist, a major
discovery is in the making. Further work will be undertaken to evaluate its
full potential. With our additional claims to the west, the potential strike
length now exceeds 3,000-meters. Previous drilling by Flint Rock Mines in the
winter of 1962-63 indicated 12 to 18 inch wide high-grade sections in drill
cores with gold values ranging from 0.40 to 20.7 ounces per ton, and silver
values from 0.32 to 4.54 ounces per ton. Our upcoming plans include increasing
the strike length, verifying historical drill results and establishing
mineable widths at depth. "
    The Cree Lake gold property is situated in the Swayze portion of the
Abitibi greenstone belt 5,000-meters south of the former producing Kenty Gold
Mine. At the Kenty deposit coarse visible gold occurred in a network of sub
parallel quartz veins, collectively attaining widths of 3.5-meters.

    Cautionary note:
    While the historical assays reported do not conform to National
Instrument 43-101 they are generally considered reliable according to local
industry standards.
    This news release has been viewed and approved by Walter Hanych, senior
geologist and project manager, who is responsible for program design and
quality control of exploration undertaken by the Company. All samples were
analyzed by ALS Chemex.

    About Mantis Mineral Corp.

    Mantis Mineral Corp. is a dynamic new Canadian based resource company,
possessing a diversified portfolio of mineral properties across Canada,
including direct participation in three major area plays: Tamarack, Orphan and
Grass River. The company holds substantial land positions hosting gold,
nickel, copper and platinum group metals.

    
    The CNSX has not reviewed and does not accept responsibility for the
    adequacy of this release.
    

    %SEDAR: 00008151E




For further information:

For further information: Mr. Robin Ross, Chairman & CEO, (416) 362-1800,
pr@mantismineralcorp.com

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