Mantis Mineral Corp. completes private placement



    TORONTO, July 22 /CNW/ - Mantis Mineral Corp. ("Mantis") (CNQ - MINE) is
pleased to announce the completion of the second tranche of its previously
announced private placement of units at a price of $0.23 per unit with Citadel
Securities Inc. and HDL Capital Corporation as agents. A total of 2,173,913
units were sold for gross proceeds of $500,000. 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.
    In addition, Mantis closed a private placement of 2,500,000 units at a
price of $0.20 per unit for gross proceeds of $500,000. Each unit consists of
one common share and one-half of one share purchase warrant, each whole
warrant entitling the holder thereof to acquire one share on the same terms as
the warrants comprising the flow-through units.
    A total of $50,000, 243,564 shares and 738,591 broker warrants were
issued by Mantis in 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.

    About Mantis Mineral Corp.

    Mantis Mineral Corp. is a dynamic 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.

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