Mano River Resources Inc. Announces Closing of Private Placement

Mano ("Mano" or the "Company") (TSX VENTURE:MNO)(AIM:MANA), the TSX-V and
AIM-listed exploration and development company focussed on gold, diamonds and
iron ore in west Africa, is pleased to announce that it has successfully
completed a non-brokered private placement ("Private Placement") of a total of
20,000,000 new common shares ("Placing Shares") and 20,000,000 warrants at a
price of 10p per Placing Share with Severstal, which was previously announced on
23 May 2008, raising gross proceeds of GBP 2m. Admission of the Placing Shares
to trading on AIM will become effective today, 30 May 2008.


Following the private placement Severstal will hold 6.29% of Mano's issued share
capital. Upon exercise of all the warrants, Severstal's holding in Mano would
increase to 11.84% (assuming no further issuances of common shares prior to that
time). The total number of issued Common Shares in the Company, including the
New Common Shares, will be 317,810,818 Common Shares.


The securities issued in the Private Placement are subject to a 4 month hold
period under Canadian securities laws and the policies of the TSX Venture
Exchange and cannot be traded until 30 September 2008.


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