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Mantle Announces appointment of new President – Jim Mustard

Thursday, November 8th, 2007

Mantle Resources Inc. is pleased to announce that Mr. Jim Mustard has joined the Company as its new President.
Jim Mustard graduated with a Bachelor of Applied Science degree, Geological Engineering in 1974, from Queens University, Kingston.
Jim is a Geologist and Professional Engineer with extensive exploration, development and operating experience in North and South America including Canada with Cyprus Anvil Mining Corporation, Amax Group of Companies and Noramco Mining Inc. In South America/Mexico he has worked for Pacific Rim Mining Corp., Eldorado Gold and Barrick Gold. He also spent two years with the Federal Government of Canada managing the Vancouver office of the Canadian Exploration Incentive Program.
In October of 1996, Jim joined Haywood Securities Inc. where he was Vice President and Senior Mining Analyst until recently.
Jim is a registered Professional Engineer with the Association of Professional Engineers and Geoscientists of British Columbia. Under changes to securities regulation in Canada he meets the standards of a Qualified Person based on his experience and training.
His exploration experience ranges from project generation, prospect evaluation, drill definition, reserve estimates to economic valuation for underground and open pit mines. He has excellent knowledge of deposit models, mine site economics, engineering and computer modeling techniques and has several years of operating/engineering experience at both open pit and underground mines, including lead-zinc development projects and lead-zinc mines.
“I am very excited to join Mantle’s management team and look forward to working on behalf of Mantle’s shareholders and key stakeholders to complete the exploration phase of the Kechika Trough (Gataga District) in northern British Columbia. The Kechika Trough is host to several important lead-zinc deposits, including Mantle’s Akie deposit and Teck Cominco/ Korea Zinc’s Cirque deposit, 18 kilometers away. Mantle is currently conducting an intense drilling campaign to target the Akie Deposit and I am very impressed with the progress to date. Work in this prolific base metal belt has only recently re-commenced and given the historical record of early discovery, the district holds considerable promise for additional discoveries on Mantle’s extensive land holdings. With significantly improved access and current elevated prices for both lead and zinc, the economic potential has been greatly enhanced.
As Haywood’s Senior Mining Analyst, I have had the opportunity over the past 10 years to review hundreds of projects and companies, and my decision to join and help lead Mantle was based on my confidence in the exceptional potential of Mantle’s property portfolio. With Lundin Mining Corporation’s recent purchase of approximately 10% of Mantle Resources and the company’s strong management team and shareholder base, we are well-poised for success.”
Mr. Peeyush Varshney has stepped aside as President but remains Mantle’s Chairman & Chief Executive Officer. Mr. Varshney stated, “We are thrilled to have someone of Jim’s standing and reputation joining our management team. His knowledge and experience will be extremely valuable as we drill out the Akie Deposit and complete a National Instrument 43-101 compliant resource estimate. We look forward to his guidance and leadership”.
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