Mantis completes private placement

    Canadian Trading and Quotation System Inc.
    Symbol: MINE
    Shares Outstanding: 62,382,942

    TORONTO, Nov. 21 /CNW/ - Mantis Mineral Corp. (CNQ - MINE) is pleased to
announce that it has completed a private placement of 400,000 units of Mantis
at a price of $0.70 per unit for gross proceeds of $280,000. Each unit shall
consist of one common share of the Company and one-half of a share purchase
warrant. Each whole warrant shall entitle the subscriber to purchase one share
for a period of two years at a price of $0.90 per share.
    Proceeds of the offering will be used for exploration work on Mantis'
Tamarack and Orphan mine projects in Ontario and general working capital.

    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 and Chief Executive
Officer at (416) 362-1800

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Mantis Mineral Corp.

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