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Mantra Venture Group Expands Scientific Advisory Board

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/23/14 -- Mantra Venture Group Ltd. (OTCQB: MVTG) has announced the addition of Professor Plamen Atanassov and Dr. Alexey Serov, both of the University of New Mexico (UNM), to its Scientific Advisory Board. These two highly respected researchers will contribute their considerable expertise to the development of Mantra's technologies, particularly in the field of electro-catalyst design and synthesis.

"We are thrilled to welcome two more world-class researchers to the Mantra team," said CEO Larry Kristof. "We see the continued addition of such experts as an ongoing validation of Mantra's technologies."

Professor Plamen Atanassov (Ph.D.) is the Founding Director of UNM's Center for Emerging Energy Technologies and a Distinguished Professor at the Department of Chemical and Biological Engineering. He obtained his Ph.D. from the Bulgarian Academy of Sciences in Physical Chemistry and Electrochemistry in 1995, and since then has been heavily involved in applied electrochemistry and the development of fuel cell electrocatalysts. This work has primarily taken place at UNM, where Professor Atanassov has been successful in partnering with such companies as Daihatsu, Ballard, and CFD Research Corp., but also includes being a project leader in electrocatalyst development at Superior MicroPowders LLC (now Cabot Corp.).

Professor Atanassov's current research is focused, among other things, on the development of non-platinum and platinum group metal catalysts. Funding from the US Department of Defense (DOD) and Department of Energy (DOE) supports his work. Professor Atanassov has ongoing research collaborations with many universities in several countries, including a number of US National Laboratories, and has published some 220 peer-reviewed journal articles. He holds more than 30 US and international patents.

Dr. Alexey Serov (Ph.D.) is a Research Assistant Professor at UNM's Center for Emerging Energy Technologies. After graduating with an Honor Diploma and Gold Medal from the Chemistry Department of Moscow State University, he worked for five years as a researcher in that institution's Division of Inorganic Chemistry. He then worked as a Senior Researcher at the Samsung SDI R&D Center in the Republic of Korea, for which he was awarded "Best Foreign Researcher", before obtaining his Ph.D. from the Paul Scherrer Institute and University of Bern with a focus on the chemical properties of Super Heavy Elements and their homologues.

Dr. Serov's current research at UNM is directly related to that of Professor Atanassov, and is focused on the synthesis of multicomponent inorganic materials and catalysts by conventional and advanced solution, solid state and ultra-sonic techniques, and the synthesis and characterization of nano-crystalline catalysts for energy storage and conversion applications. He has published nearly 30 peer-reviewed journal papers on electrocatalysis, and is named on dozens of issued US and international patents.

Both researchers are recognized as leading experts in the field of electrocatalysis, a reputation that has led to ongoing collaboration with Daihatsu Motor Company (a member of Toyota Motor Co.) on fuel cell development.

Professor Atanassov and Dr. Serov collaborated with Mantra's Dr. Amin Aziznia while he was completing his Ph.D. at the University of British Columbia. This collaboration, on the development of selective catalysts for the mixed-reactant fuel cell (MRFC) for which Mantra has the exclusive worldwide license, led to the highest reported open-circuit voltage for any mixed-reactant system. These results were published in a peer-reviewed journal and presented at a conference of the Electrochemical Society.

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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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.

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