MAN

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES.

Mantra Mining Inc. ("Mantra" or the "Company") (TSX VENTURE:MAN) is pleased to
announce that it intends to complete a spin-out of its Gnome mineral exploration
property located in British Columbia, Canada, to a new company under a statutory
plan of arrangement (the "Arrangement").


Under the proposed terms of the Arrangement, the shareholders of Mantra will
retain their common shares in Mantra and will be entitled to receive one common
share of the new company for every share of Mantra held on the record date for
the Arrangement. The completion of the Arrangement will be subject, among other
things, to TSX Venture Exchange, court and shareholder approval.


Further details regarding the Arrangement will be set out in an Information
Circular that will be sent to shareholders in advance of the extraordinary
shareholders meeting that will be held in September 2009 to seek approval for
the following matters:


1. the proposed Arrangement;

2. the change of name of Mantra Mining Inc. to "TintinaGold Resources Inc."; and

3. the removal of the restrictions on the warrants held by Electrum Strategic
Metals LLC that restrict it from exercising the warrants if, on exercise, its
ownership of common shares of Mantra would exceed more than 19.99% of the issued
and outstanding common shares of Mantra. Electrum acquired ownership of
7,714,286 units of Mantra in May 2009, with each unit consisting of one common
share and one common share purchase warrant. Mantra agreed to seek shareholder
approval to remove the warrant exercise restrictions. In the event shareholder
approval is not obtained on or before September 30, 2009, the term of the
warrants will be extended from three years to five years and the warrants will
become transferable, subject to applicable laws.


ON BEHALF OF THE BOARD OF DIRECTORS

Raj Chowdhry, C.A., President & CEO

Cautionary Notice: This release may contain forward-looking statements regarding
the Company's business or financial condition, including the proposed completion
of a spin-out and name change and TSX Venture Exchange, court and shareholder
approval. 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 success in completing the proposed spin-out and
name change and obtaining TSX Venture Exchange, court and shareholder approvals,
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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