<P><BR>KC코트렐(009440)</P>
<P>ERC 원자로 사업 진출</P>
<P>- 美 만트라 벤처 그룹(Mantra Venture Group)과 LOI 체결<BR>- ERC(이산화탄소 전기 감축) 원자로 사업 공동 진행</P>
<P><BR>Mantra Signs Letter of Intent with KC Cottrell Co., Ltd. - A Global Leader in Air Pollution Control<BR>SEATTLE, Sept. 28</P>
<P>Mantra Venture Group Ltd. ('Mantra', OTCBB: MVTG, FSE: 5MV) is pleased to announce that it has just signed a Letter of Intent (LOI) with KC Cottrell Co., Ltd. (KC Cottrell), a global leader in air pollution control based out of Seoul, Korea. Under the terms of the LOI, Mantra and KC Cottrell will enter into a strategic alliance with the purpose of carrying out the engineering, construction, testing and deployment of a 100 kg-per day Electroreduction of Carbon Dioxide (ERC) reactor.</P>
<P>KC Cottrell is currently in the construction phase of a pilot project that captures and purifies 1/2 tonne of CO2 per day from an industrial power plant. With completion scheduled for December 2009, the company is now looking for an end-use for the concentrated CO2. ERC, Mantra's CO2 recycling technology, represents an ideal candidate for the project as it converts concentrated CO2 into useful products such as formic acid. Formic acid is used in numerous industry applications worldwide and has a current market value of $1,400/tonne.</P>
<P> </P>
<!-- -->
