Mantis Mineral Corp. completes private placement



    TORONTO, July 11 /CNW/ - Mantis Mineral Corp. ("Mantis") (CNQ - MINE)) is
pleased to announce the completion of the first tranche of it previously
announced private placement of units at price of $0.23 per unit with Citadel
Securities Inc. and HDL Capital Corporation as agents. A total of 6,312,000
units were sold for gross proceeds of $1,451,760. Each unit consists of one
"flow-through" share and one-half of one share purchase warrant, each whole
warrant entitling the holder thereof to acquire one share at a price of $0.35
for a period of one year.
    A total of $75,588, 124,200 shares and 360,000 broker warrants were
issued by Mantis as a commission in connection with the private placement.
Each broker warrant entitles the holder thereof to acquire one share at a
price of $0.20 for a period of two years.
    Completion of the private placement is subject to regulatory approval,
including satisfaction of the requirements of the CNQ.

    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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