Listing & Option Grant

RNS Number:7454O
Mano River Resources Inc
15 August 2003


                            MANO RIVER RESOURCES INC.

                                  NEWS RELEASE

15th August 2003
No: 2003/16

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



    Shares issued in satisfaction of amounts due for payment (GB#70,485) and
                           Incentive Options granted.

As agreed with the parties concerned at the time of the most recent placement in
June, the Board of Mano River Resources Inc. announces that it has approved
arrangements to satisfy accruals totaling GB#70,485 due for payment as of 31
January 2003 with Mano shares at the same price as the placement, i.e. GB#0.025.

The debt settlement, in combination with the recent private placement, will
strengthen Mano's financial position as it aggressively pursues exploration of
its promising mineral properties, especially now that Liberia is following
Sierra Leone on the way to become a stable and acceptable investment
environment.

The debt settlement remains subject to regulatory approval by the Canadian
Venture Exchange and, in addition, application will be made for the 2,819,396
new shares resulting from the settlement to be admitted to trading on AIM.

The debt settlement represents amounts mainly incurred up to the end of the
2002-03 financial year and owing directly or indirectly to directors, or
companies with which they are associated, and senior officers of Mano for
directors' fees, management services, reimbursable expenses and advances
supporting exploration. The Board considers that the settlement of these amounts
in shares will preserve the Company's cash to continue to advance exploration of
its properties.

On August 14th, 2003, under an Approved Scheme previously announced on 5th June
2003, the Company granted a total of 905,000 incentive stock options ("Options")
to certain employees and directors to purchase common shares in the capital
stock of the Company, including 100,000 each to directors Malcolm Burne and
Jonathan Challis.

The Options are exercisable at a price of Cdn$0.10 per share for a period of
five years ending on August 14th 2008 and are subject to approval by the
Canadian Venture Exchange. Any shares issued prior to December 14th, 2003,
pursuant to the exercise of the Options, will be subject to a Canadian Venture
Exchange four month hold period.

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                  Co-Chairman Switzerland           [phone]
 Anthony Rhatigan         Co-Chairman Mobile                [phone]
 Raz Hussein              Controller Canada                 [phone]
 Dru Edmonstone           Seymour Pierce UK                 [phone]
 Gary Middleton           Britton Financial 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

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