updated 5/26/2011 8:16:01 AM ET 2011-05-26T12:16:01

SEATTLE, May 26, 2011 (GLOBE NEWSWIRE) -- Mantra Venture Group Ltd. ('Mantra') (OTCBB:MVTG) (FRANKFURT:5MV) ("Mantra" or the "Company") is pleased to announce changes to the Board of Directors and expansion of its executive management.

Mr. Elden Schorn has joined the board of directors effective immediately. Mr. Schorn is currently the Chairman of the Board of Global Green Solutions Inc. ( http://www.globalgreensolutionsinc.com ) Mr. Schorn has extensive experience in business-government relations and has held numerous executive positions with trade organizations representing Canadian manufacturers and the Canadian government. Mr. Schorn previously served as Vice President, B.C. Region, Canadian Manufacturers and Exporters Association, Canada's leading business network. He also served as Consul and Senior Investment Advisor at the Canadian Consulate in New York. Mr. Schorn has filled the vacant Board position as a result of the resignation of Mr. Shawn Kim to pursue business opportunities in Asia.

Mr. Schorn states that he is enthused with the opportunity. "This Company has wonderful potential given the fact it will produce a high value Industrial Commodity while at the same time significantly reducing CO2 from the atmosphere."

The Company also welcomes Ms. Stacy Broadoway as Vice President of Corporate Development to the executive management team at Mantra.

Ms. Broadoway is a corporate structuring, corporate finance and enterprise development professional who works with emerging high-tech and green-tech leaders. She has served as an officer and director of several other public companies listed on the TSX Venture Exchange and CNSX Exchange before coming to Mantra. Ms. Broadoway has over 12 years experience in the public markets both domestic and abroad, and possesses strong expertise in IPOs, secondary financings and ongoing maintenance of public companies. She graduated from Okanagan College, BC (now University of British Columbia) with concentrations in finance and business administration.

Mr. Larry Kristof, President and CEO, states, "Mantra welcomes Mr. Schorn and Ms. Broadoway aboard our Team. We feel that both individuals provide relevant experience and deep knowledge in the cleantech sector that will bring value to the company with credibility and expertise which we feel is invaluable in our industry and our overall business objectives."

About Mantra Venture Group

Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and environmentally responsible investment for its shareholders

Mantra is a public company quoted on the OTCBB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV.

Stay up to date with Mantra on Twitter: http://www.twitter.com/mantraenergy

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 the forward-looking statements.

CONTACT: Corporate Communications
         Kol Henrikson
         1-604-535-4145
         khenrikson@mantraenergy.com
         http://www.mantraenergy.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 5.10%
$30K home equity loan FICO 5.20%
$75K home equity loan FICO 4.65%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.36%
13.34%
Cash Back Cards 17.87%
17.82%
Rewards Cards 17.11%
17.07%
Source: Bankrate.com