Mantis Mineral Corp. appoints Anthony Millo to position of Chief Financial Officer



    TORONTO, July 3 /CNW/ - Mantis Mineral Corp. ("Mantis" - CNQ "MINE") is
pleased to announce the appointment of Tony Millo to serve as Chief Financial
Officer effective immediately of Mantis Mineral Corp. Previously Mr. Millo
served as Vice President Finance of a Toronto based securities dealer. He
served as Senior Examiner/Manager and Director of the Toronto Stock Exchange.
Over the past twenty-five years, Mr. Millo has held senior finance and
compliance positions in several IDA Member firms including work in forensic
accounting. Mr Millo will remain on the Board of Directors.
    Mr. Millo is replacing Vicki Rosenthal who will remain a financial
consultant to Mantis.

    Warrants Extended

    Mantis has extended the term on 200,000 warrants due to expire on
July 5, 2008 for an additional three years from their date of expiry.

    Consulting Agreement

    Mantis Mineral Corp. has entered into a renewable six-month consulting
agreement with Vicki Rosenthal whereby the consultant will provide Mantis with
financial consulting services. The company has agreed to pay the consultant
$15,000 for the term of the agreement payable in shares of Mantis as listed
actively on the CNQ Exchange subject to regulatory approval and a four-month
hold.

    About Mantis Mineral Corp.

    Mantis Mineral Corp. is a Canadian based resource and exploration company
traded publicly under the symbol MINE on the CNQ. Mantis is focused on
creating shareholder value through the exploration and development of its
suite of strategically located, high-impact Canadian exploration projects.

    The CNQ 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,
rross@mantismineralcorp.com, or visit our corporate website at
www.mantismineralcorp.com

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Mantis Mineral Corp.

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