Issue of Equity

RNS Number:0817T
Mano River Resources Inc
10 December 2003


                           MANO RIVER RESOURCES INC.
                                  NEWS RELEASE


10 December 2003
No: 2003/23

TSX-Venture Exchange  (Trading Symbol: MNO)
London Stock Exchange - AIM (Trading Symbol: MANA)

          MANO TO RAISE UP TO GBP2.5 MILLION THROUGH PRIVATE PLACEMENT

 *Placement follows recent news of $6m joint venture with Golden Star
  Resources and visit by senior executives to Sierra Leone and Liberia

 *Diamond exploration in Sierra Leone and gold projects in Liberia to
  be advanced by the placement

The Board of Mano River Resources Inc. ("Mano") announces that it has arranged,
subject to regulatory approval, a brokered Private Placement to raise gross
proceeds of between GBP2 million and GBP2.5 million from existing and new,
mainly institutional, investors.

The Placement at a price of GBP0.05 per common share has been arranged in the UK
of 20 million common shares through Williams de Broe and up to 30 million shares
through Seymour Pierce. Commission of 4% will be paid to the brokers.

Application will be made for approval of the Placement by the TSX Venture
Exchange and for the new shares to be admitted to trading on AIM.

The proceeds of the Placement will be used by Mano to continue the Company's
exploration programme over its range of promising gold and diamond targets in
the Mano River Union countries, particularly kimberlite diamond exploration in
Sierra Leone and advancing its gold projects in western Liberia, and for general
working capital purposes.

Mano is focused on the discovery of world-class gold and diamond deposits in the
Archaean terrain of the highly prospective, under-explored, West African Mano
River Union (MRU) countries of Sierra Leone, Liberia and Guinea. Mano considers
the region has the potential to develop into a world-class gold province,
possibly similar in scale and productivity to the Lake Victoria greenstone
goldfields in Tanzania. The Company has close to one million ounces of gold in
resource, with three projects drilled to date in Liberia, a joint venture in
Sierra Leone with Golden Star Resources, and a project with a small gold
resource in Guinea. Mano also has a cluster of diamondiferous kimberlite pipes
in Liberia under joint venture with Trans Hex Group and a number of highly
attractive early stage diamond and gold targets in Sierra Leone and Liberia.
Management has a strong technical background, a thorough knowledge of the
political and economic structures of West Africa and a successful track record.

The Chairman and CEO visited both Sierra Leone and Liberia in November and, with
increasing market recognition of the recent positive evolution in the regional
political and economic landscape, Mano is starting to capitalise on its position
as the pre-eminent gold and diamond explorer in the sub-region.

On behalf of the Board of Mano River Resources Inc.

Tom Elder
President and CEO


For further information on Mano River Resources and its exploration programme,
you are invited to visit the Company's website at www.manoriver.com or contact
one of the following:

    Tom Elder              President and CEO             UK [phone]
    Guy Pas                Chairman                  Switzerland [phone]
    Anthony Rhatigan       Vice Chairman              Mobile [phone]
    Raz Hussein            Controller                   Canada [phone]
    Dru Edmonstone         Seymour Pierce                  UK +44 (0)  7107 8000
    Gary Middleton         Capital PR                    UK [phone]

 The TSX Venture Exchange has not reviewed and does not take responsibility for
                    the adequacy or accuracy of this release

                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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