Mantra Announces Establishment of New Facilities

NEW YORK, NEW YORK--(Marketwired - May 29, 2014) - Mantra Venture Group Ltd. (OTCQB:MVTG) and its subsidiary, Mantra Energy Alternatives Ltd., have announced the establishment of new research and corporate facilities. A laboratory in the heart of Vancouver will now be home to the company's continually expanding R&Dteam, while a new head office in South Surrey will house administration and corporate development.

Mantra has established the new laboratory to accommodate a recent rapid expansion of personnel and research activities. The facility, located at 3590 W. 41^st Avenue, Vancouver, is a combined laboratory and office, and is fully equipped with vital research equipment including fume hoods, water treatment, and a gas distribution network. The space will comfortably house Mantra's existing, new, and anticipated R&D projects.

"We believe that the move to this new facility will allow Mantra to continue expanding on its current trajectory, and reflects our maturation as a company," said Mantra's CEO Larry Kristof. "We would also like to thank BC Research, who have hosted us up to this point, and have provided valuable support and mentoring that has helped to accelerate our growth."

The laboratory's proximity to the University of British Columbia, with which Mantra is working closely through Professor ElodGyenge, is an additional asset. Professor Gyenge and Mantra have been developing a close relationship since the recent approval of aNSERC-funded fuel cell research project, which will further develop Mantra's novel MRFC technology.

"The research team is very enthusiastic about the new laboratory's proximity to UBC, as we see this as a way to facilitate further growth in our collaborative activities," said Patrick Dodd, Mantra's VP of Corporate Development.

The company's new head office is located at 1562 128^th St., South Surrey. Likewise, this facility will accommodate the growth of Mantra's administrative and corporate development team.

About Mantra Venture Group

Mantra Venture Group Ltd. (OTCQB:MVTG) is a clean technology incubator that takes innovative emerging technologies and moves them towards commercialization. The Company, through its subsidiary Mantra Energy Alternatives, is currently developing two groundbreaking electrochemical technologies designed to make reducing greenhouse gas emissions profitable, ERC (Electro-Reduction of Carbon Dioxide) and MRFC (Mixed-Reactant Fuel Cell).

ERC is a form of "carbon capture and utilization" (CCU) that converts the polluting greenhouse gas carbon dioxide into useful, valuable products including formic acid and formate salts. By utilizing clean electricity, the process offers the potential for an industrial plant to reduce emissions while generating a salable product and a profit.

The MRFC is an unconventional fuel cell that uses a mixture of fuel and oxidant, thereby greatly reducing the complexity and cost of the fuel cell system. Ideal for portable applications, the MRFC is cheaper, lighter, and more compact than conventional fuel cell technologies.

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Forward-looking statements: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission, which identify specific factors that may cause actual results or events to differ materially from those described in forward-looking statements.