🕐26.01.10 - 05:21 Uhr

Mantra Announcement: Appointment of Peter Breese as Chief Executive Officer



Dear all,
Please find below a summary of an announcement made to the ASX and TSX yesterday.


Mantra Resources Limited ("Mantra" or "Company") (ASX:MRU, TSX:MRL) is pleased to announce the appointment of Mr Peter Breese as Chief Executive Officer ("CEO") of the Company, effective immediately.

Mr Breese replaces Mantras Joint Managing Directors, Robert Behets and Matthew Yates, who will both continue with the Company as Executive Directors.


The Board believes the appointment of a CEO with a strong track record of successful project development and operations management, as well as extensive experience in southern Africa, is an important and timely step for the Company as it evolves from explorer to a significant near-term uranium producer.

Mantra is currently completing a Pre-Feasibility Study on the Mkuju River Project ("MRP"), ahead of the commencement of a Definitive Feasibility Study ("DFS") which is expected during the first quarter of 2010.


Mr Breese was previously Chief Executive of Norilsk Nickel International, following its acquisition of LionOre Mining International, where he was Chief Operating Officer.

With over 25 years experience in the mining industry, Mr.

Breese held senior executive and board positions with Impala Platinum Holdings, Mimosa Mining Company and Zimasco prior to joining LionOre.
The appointment of Mr Breese as CEO complements the recent recruitment of several key senior technical managers as the Company builds its management team with strong operational experience.

Both Mr Behets and Mr Yates will continue with the Company assisting with strategy, resource development, technical management, business development and investor relations.
Commenting on the appointment the Chairman, Ian Middlemas, said "I would like to thank Robert and Matthew for their hard work as joint Managing Directors in building Mantra into an emerging uranium producer.

Through their energy and dedication, they have transformed the Mkuju River Project from a greenfields exploration play into an exciting, near-term production story".
"I am delighted to welcome Peter to the Mantra team.

The timing of this appointment is opportune as we commence the DFS shortly.

Peters project development and operational experience will be crucial in transforming Mantra into a significant uranium producer."
The full announcement can be viewed by clicking on the following link:
http://mantraresources.com.au/upload/documents/releases/asx/20100125_100 125-AppointmentofPeterBreese_Final_ASX.pdf
Please dont hesitate to contact me or Matthew Yates if you have any questions.
Regards
Robert Behets Executive Director
A: Level 9, The BGC Centre, 28 The Esplanade, PERTH WA 6000 T: 618 9322 6322 F: 618 9322 6558 E: W: www.mantraresources.com.au
Matthew Yates Executive Director
A: Level 9, The BGC Centre, 28 The Esplanade, PERTH WA 6000 T: 618 9322 6322 F: 618 9322 6558 E: W: www.mantraresources.com.au



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