Mantis Mineral Corp. Completes Private Placement

    TORONTO, Jan. 8 /CNW/ - Mantis Mineral Corp. (CNQ:MINE) is pleased to
announce the completion of a private placement of 633,330 common shares at a
price of $0.60 per share. A total of $30,400 and 63,332 warrants was paid as
finder's fees in connection with the private placement, each warrant entitling
the holder thereof to acquire one common share of the company at a price of
$0.60 for a period of one year.
    Robin Ross CEO commented, " This additional financing will allow us to
accelerate our current work programs into the end of 2008."
    Mantis has also settled $35,255.27 of indebtedness owed to an arm's
length creditor by the issuance of 88,139 common shares of the company.
    Completion of the private placement and debt settlement is subject to
regulatory approval, including satisfaction of the requirements of the CNQ.

    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.

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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