"ERC Carbon Capture Technology Represents Alternative or Add-On to Carbon Sequestration"

POINT ROBERTS, WA and DELTA, BC -- (Marketwire) -- 08/21/08 -- Investorideas.com and www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within InvestorIdeas.com, present an audio interview with Professor Colin Oloman, inventor of the ERC (Electro Reduction of Carbon Dioxide) carbon capture technology, on behalf of Mantra Venture Group Ltd. (OTCBB: MVTG).

Professor Colin Oloman describes the scope and potential and applications for the technology: "The process turns carbon dioxide into useful products instead of burying it underground. It is an alternative or add-on to carbon sequestration. The applications include the production of industrial chemicals and liquid fuels such as formic acid.

"Liquid fuels such as formic acid can potentially be used as carbon neutral regenerated fuel systems with fuel cells that are driven by non-fossil sources. These carbon neutral systems could be a key to tackling the problem of global warming."

He also outlines the next phases of development for the technology from Mantra's lab in Richmond, B.C., to a much bigger stage of building a plant in the future.

To hear audio: http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/081308a.mp3

The Mantra ERC technology was also recently featured in North American Clean Energy Magazine http://www.nacleanenergy.com/

Previous Mantra audio available: Larry Kristof Elaborates on Green Incubator Model of Carbon Capture, Cellulosic Ethanol and Recent China Venture. CEO Larry Kristof is joined by Mr. Fred Enga of Northwind Ethanol, Mantra's joint venture partner for the development and commercialization of cellulosic ethanol. To hear the full audio interview click here: http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/081208a.mp3

About Mantra Venture Group Ltd. (OTCBB: MVTG) (FRANKFURT: 5MV)

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.