Open letter to Mantis Mineral Corp Shareholders



    TORONTO, June 28 /CNW/ - Mantis Mineral Corp (CNQ- MINT)

    Dear Fellow Shareholders,

    Thank you for your patience as we have undergone our change of business
from that of a finance company to a mining exploration company.
    I intend to do my utmost in rewarding your patience by building a premier
Canadian exploration company that will stand out from our peers. Most of our
competitors are attempting to ride the current commodity boom by seeking to
acquire the 'flavour of the month' metals properties, irrespective of
location. Our focus will be different.
    I have learned over the years that Canada offers the best and possibly
safest exploration environment from a business stand point as well as
providing ample mineral resources. There is also the added benefit of
government assisted flow through financing which is available to companies
like Mantis. Therefore we will focus our efforts in Canada.
    Additionally, there are many resource laden properties in Canada that
have been previously passed over by the major mining companies for many
reasons not the least of which has included low commodity prices, and
inadequate technology to both identify and increase the size of a resource
etc.
    In the mining business there is an old adage which simply states, 'look
for gold where gold already has been found'. As a result, Mantis plans on
making every effort to locate and acquire previously worked on properties
which for reasons mentioned above, have been passed over. Our plan is to use
the latest mining technologies available to uncover and enlarge upon what
others have left behind.
    In this effort, Mantis will continue to strengthen its board of Directors
and management team with talented mining people associated with the Canadian
resource landscape both present and past.
    Only in our infant stage of being a mining company we have been fortunate
to acquire our current inventory of properties. We have begun work on the
former Orphan Gold Mine. In the coming months, as we explore the property more
thoroughly, we expect to unlock the value that others may have left behind.
    It is important to remember that mining is a risky business, but the
rewards of success are far greater than any other business we know of. We
cannot guarantee success but we as management believe in the quality of our
properties and the expectation that we will increase shareholder value.

    Robin Ross
    Chairman & CEO

    NEWS RELEASE TRANSMITTED BY CNW Group

    The CNQ Exchange 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

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