Mantra Venture Group Enters Agreement with Swiss Performance Group

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 16, 2014) - Mantra Venture Group Ltd. (OTCQB:MVTG) announced today that it has entered into a consulting agreement with Swiss Performance Management & Treuhand AG (SPMT). SPMT specializes in providing business development and investor relations services for small and micro-cap companies.

"We have been impressed with SPMT's capabilities and are pleased to be doing business with them," said Mantra's CEO Larry Kristof. "They are recognized experts in their field, and will provide a great deal of support in the development of Mantra's business."

SPMT specializes in equity portfolios for both private and institutional clients, and seeks to develop the value proposition messaging necessary to propel companies into market leadership positions. Since 2002, the group has done this successfully through its respected team of former bankers, stock brokers, hedge funds and hedge fund specialists.

With Mantra SPMT will focus primarily on business development activities across Europe and beyond, facilitating partnerships and collaborations that will advance Mantra's innovative technologies. Indeed, the group has already facilitated discussions with the Bavarian Offices for Economic Development, with which Mantra is currently in discussions regarding a large-scale project in that region. The relationship with SPMT has developed over several months, since Mantra's management first traveled to Switzerland.

"We are excited to work with Mantra, as we see it as an exceptional company that has a great deal of undiscovered value," said Stefan Kallabis, one of SPMT's Managing Directors.

Mantra has additionally commented on the positive outcomes of VP Patrick Dodd's attendance of a CO2Chem networking event in the UK. The event was focused on a specific European Union funding call for the conversion of CO₂ to chemicals, and the corresponding establishment of projects and partnerships to access this funding. Mantra's technologies and project concepts were well received by attendees, including public utilities and waste management companies actively seeking to address their CO₂ emissions. Mr. Dodd is currently exploring opportunities with several such entities as a result of the event.

"Mantra's technology was very well received by the CO₂ emitters in attendance, who represent the company's future customers," said Mr. Dodd. "I am confident that at least one of these groups will be part of our EU funding proposals and be a long-term development partner."

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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For more information go to: http://www.mantraventuregroup.com

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.