Oct. 5, 2009 (PR Newswire) — SEATTLE, Oct. 5 /PRNewswire-FirstCall/ – Mantra Venture Group Ltd. (Mantra, OTCBB: MVTG, FSE: 5MV) is pleased to announce the appointment of Mr. Jae Choon Ryu as Vice President of Corporate Finance, Korea. Mr. Ryu has over 17 years of experience in the investment industry in Korea, and has raised capital in excess of $50 million USD through public offering and private placement deals.

With the appointment of Mr. Ryu, Mantra started its Phase 1 of a two-phase approach for its expansion into Korea. Mr. Ryu will be responsible for managing partnerships in Korea and securing additional financing for the development of Mantra’s CO2 recycling and other technologies. Mantra’s regional office is scheduled to open on the first week of November 2009 and it will be located in the Investment Korea Plaza at the KOTRA head office in Seoul.

Upon completion of Phase 1, Mantra