News Release

Mantra Resources Limited To Trade On Toronto Stock Exchange

November 17, 2009

Mantra Resources Limited (the "Company") - An application has been granted for the original listing in the Mining category of 123,104,994 ordinary shares of the Company, of which 109,304,994 ordinary shares are issued and outstanding, and 13,800,000 ordinary shares are reserved for issuance.

The ordinary shares of the Company will be listed and posted for trading at the opening on Thursday, November 19, 2009.

The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.

Stock Symbol: "MRL"
CUSIP: Q5762G 10 3
Trading Currency: CDN

Temporary Market Maker: Byron Securities Ltd.

Other Markets: The ordinary shares of the Company have been listed on the Australian Securities Exchange since October 9, 2006 and currently trade under the stock symbol "MRU".

Head Office Address: Level 9
BGC Centre, 28 The Esplanade
Perth, WA
6000

Email Address: info@mantraresources.com.au

Website: www.mantraresources.com.au

Head Office Telephone Number: +61-8-9322-6322

Fax Number: +61-8-9322-6558

Investors Relations: Luke Watson
Tel: +61-8-9322-6322
Email: lwatson@mantraresources.com.au

Chief Financial Officer & Company Secretary: Luke Watson

Incorporation: The Company was incorporated on September 30, 2005 under the Australian Corporations Act 2001.

Fiscal Year End: June 30

Nature of Business: The Company is a uranium exploration and development company with a portfolio of exploration projects in southern Africa. The Company's principal asset is the Mkuju River Project in southern Tanzania.

Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal offices in Vancouver and Toronto and Computershare Investor Services Pty Ltd. in Perth, Australia.

Dividends: The Company has not paid any dividends or made any distributions since incorporation. The Company does not anticipate paying dividends in the foreseeable future.