Mantra Capital Announces Closing of Qualifying Transaction, Private Placement and Stock Split

Mantra Capital Inc. (TSX VENTURE:MTR.P) ("Mantra" or the "Company") is pleased
to announce it has received approval from the TSX Venture Exchange (the
"Exchange") with respect to its Qualifying Transaction, private placement, and
subdivision of its outstanding shares as previously announced in the Company's
September 3, 2013 and November 26, 2013 news releases.


The Company issued 7,460,000 common shares to various subscribers at a price of
$0.05 per share for gross proceeds of $373,000. The Company issued 3,500,000
common shares on a flow-through basis. All shares will be subject to a four (4)
month hold period, which will expire on May 1, 2014 


As a result of the completion of the Qualifying Transaction, Raj Chowdhry
remains as the Chief Executive Officer of the Company and the Company appointed
Wylie Hui as the Chief Financial Officer of the Company and Tiffany Konings as
the Corporate Secretary of the Company. 


The Company will commence trading under the symbol MTR at the opening of the
market on December 31, 2013. 


Further details concerning the Honeymoon Property, the Option Agreement, the
Subdivision and the Private Placement were disclosed in a filing statement
prepared by the Company and filed on SEDAR. 


ON BEHALF OF THE BOARD

Raj Chowdhry, CA, Chief Executive Officer and Director

Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative. 


The TSX-V has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this press release. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mantra Capital Inc.
Raj Chowdhry
Chief Executive Officer
604-628-1162
604-628-1163 (FAX)
[e-mail]