MAN

Mantra Mining Inc. (TSX VENTURE:MAN) ("Mantra" or the "Company") announces that
it has entered into an agreement with Cougar Gold LLC ("Cougar"), a Delaware
company having an office in Denver, Colorado, to acquire, directly or
indirectly, Cougar's 55% interest in Golden Lynx LLC ("Golden Lynx"). Golden
Lynx is currently the owner of 135 claims located in southwestern Alaska that
comprise approximately 20,040 acres.


Golden Lynx Properties

The Golden Lynx properties consist of five claim blocks located in Alaska's
Kuskokwim Mineral Belt, a major past producer of placer gold. The properties lie
approximately 120 miles southwest of NovaGold Resources Inc. and Barrick Gold's
giant Donlin Creek gold deposit (29.5 M oz) in the same geologic terrane. The
following information respecting the properties has been provided to the Company
by Cougar.


The Kisa claim block consists of 32 state mining claims (4,520 acres) covering
an area underlain by an intrusive suite if rhyolitic to gabbroic dikes and sills
intruding hornfelsed sedimentary rocks. Past work includes 945 meters of
drilling in six holes which tested the Kisa breccia, a 300 meter by 500 m
silica-carbonate-sulfide altered breccia body. All six drill holes encountered
broad zones of altered breccia with gold mineralization. The best intersection,
in hole K07-05, cut 115 meters averaging 0.7 g/t gold. The claim block also
contains two other target areas which show alteration and mineralization in
dike-sill complexes and focused on fault zones.


The Gold Lake claim block consists of 69 state mining claims covering
approximately 9,720 acres and located 8 miles south of the Kisa Prospect. The
claim group covers areas of hydrothermally altered and gold mineralized igneous
dikes and sills similar to the Kisa showings. A soil anomaly over the area
reaches over 1 km along strike, and overlaps part of a coincident magnetic and
IP geophysical anomaly. Four drill holes totaling 984 meters tested a portion of
the veined dike and sill complex and cut thick intervals of moderately to
strongly altered and weakly gold mineralized sediments and intrusives. All the
holes bottomed in hornfels indicating proximity to a larger intrusive body at
depth. 


Three other claim blocks over the Little Swift, Gold Creek, and Gossan Valley
prospects, lie between 2 and 8 miles southwest of the Gold Lake claim, and
contain 28 claims covering 4,480 acres. These prospects focus on iron-oxide
stained zones along the contact between a quartz monzonite stock and adjacent
hornfelsed sedimentary rocks which show geochemically anomalous concentrations
of gold and associated trace elements. 


Business terms

In order to maintain a 55% interest in Golden Lynx, Mantra must make capital
contributions to Golden Lynx of US$321,000 by April 18, 2010 and a further
US$1,500,000 by April 18, 2013, which amounts will be used to fund exploration
expenditures on the properties owned by Golden Lynx. Mantra will have the right
to acquire an additional 25% interest in Golden Lynx by making an additional
capital contribution of US$2,500,000 by April 18, 2015.


The consideration payable by Mantra for the interest in Golden Lynx consists of
4,200,000 common shares at a deemed price of C$0.50 per share, representing
approximately 8.4% of the currently issued and outstanding common shares of
Mantra, which will be issued to Cougar on the closing of the acquisition.


The closing of the acquisition remains subject to a number of conditions,
including regulatory and third party approvals and the raising of funds by
private placement. There can be no assurance that the acquisition will be
completed as proposed or at all.


Jerry Zieg, Vice President Exploration for Mantra, is a Qualified Person for the
purposes of National Instrument 43-101 and has reviewed and approved the
information of a scientific or technical nature contained in this news release.


ON BEHALF OF THE BOARD OF DIRECTORS

Raj Chowdhry, President

Cautionary Notice: This release may contain forward-looking statements regarding
the Company's business or financial condition, including the possible completion
of transactions. Actual results could differ materially from those described in
this news release as a result of factors, including, but not limited to the
following: the timing of and ability to obtain regulatory and third party
approvals, the timing of and ability to obtain required financing and other
factors. The Company cautions that these and similar statements involve risk and
uncertainties and are qualified by important factors, including competitive
pressures, unfavorable changes in regulatory structures, and general risks
associated with business, which could cause actual results to differ materially
from those in the forward looking statement. Forward-looking statements are made
in the context of information available as of the date stated. The Company
undertakes no obligations to update or revise such statements to reflect new
circumstances or unanticipated events as they occur, unless required by
applicable law.

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