MANTLE
RESOURCES INC.
FOR IMMEDIATE RELEASE
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MANTLE RETURNS SHARES TO TREASURY � REDUCES SHARES
ISSUED AND OUTSTANDING
Vancouver, B.C. � January 8, 2008 � Mantle
Resources Inc. (TSX Venture: MTS; Frankfurt:
AOF7E1) (the �Company�) is pleased to announce that it has
cancelled and returned 919,220 common shares to the treasury of the
Company.� These common shares had been
acquired by the Company as a result of its share exchange take over bid for
common shares of Ecstall Mining Corporation.
As a result
of the cancellation of these shares, the Company�s issued and outstanding share
balance has been reduced to 68,962,868.
About Mantle Resources Inc.
The Company
has a 100% interest in the Akie zinc-lead property,
in northeastern British Columbia, approximately 260 kilometers
north-northwest of the town of Mackenzie.
The Akie zinc-lead property is situated within the
southern-most part (Kechika Trough) of the regionally
extensive Paleozoic Selwyn Basin, one of the most
prolific sedimentary basins in the world for the occurrence of SEDEX
zinc-lead-silver and stratiform barite deposits.
Drilling on
the Akie property by both Inmet
Mining Corporation during the period 1994 to 1996 and by Mantle in 2005 and
2006 and this year has identified a significant body of baritic
SEDEX mineralization (Cardiac Creek Zone).�
The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian �Gunsteel Formation.
Two similar
deposits, Cirque and South Cirque, located some 20 kilometers
northwest of Akie and owned under a joint venture by Teck Cominco and Korea Zinc, are
also hosted by Gunsteel rocks and have a combined
geologic inventory in excess of 50 million tonnes averaging approximately 10%
combined zinc+lead.
On
behalf of the Board of Directors
MANTLE
RESOURCES INC.
�Peeyush K. Varshney�
Peeyush K. Varshney
CEO & Chairman