The Power of Discovery - "Building Shareholder Value"

March 25, 2025

Mantra Exploration Inc. (the "Company" - Futura Group Company) is strategically positioning itself to capitalize on an anticipated upturn in the junior mining sector (the "Mining-Sector Up-Turn"). This capitalization on the Ming-Sector Up-Turn will be accomplished through the Company's prudent advancement of its current highly prospective Jean (Iron-Ore ) project and acquisition of additional mineral assets with a focus on Copper ("Cu"), Silver ("Ag") and Gold ("Au") projects; especially Copper to diversify the Company's mineral project assets. 

The Company's primary & highly prospective Jean  Iron-Ore project (the "Jean-Project"), is located in the Thunder Bay Mining District within western part of the 

province of Ontario, Canada. 

CAUTIONARY NOTE: Pursuant to Regulatory Rules - I hereby  inform you & acknowledge that my thoughts, opinions and statements which I'm about to share with you certainly likely considered forward-looking statements.  As such, I urge & insist that you read the  "Cautionary Disclaimer" available on the Company's website; especially because I'm required to inform you do so under Regulatory Rules. 

• The mining sector (the "Mining-Sector"), especially the junior mining sector (the "Junior Mining-Sector"), which has endured a cyclical downturn for over a decade  (“Mining-Sector Decade-Long Downturn”) is finally expected to see a favorable positive shift (the "Mining-Sector Turn-Up"), and  imminently; likely within the next six (6) to ten (10) months (the "Market Sector Turn-Up Time-Line"; and

• Further, this Mining Sector Turn-Up will likely develop into the best Mining-Sector ever in the history of man-kind to date (the "Biggest Mining-Sector Bull-Market"); likely by the end of this decade (the "Mining-Sector Bull-Market Time-Line"), being by 2030; and

• This optimistic view is driven by record-high gold prices exceeding $3,000 per ounce ("Record-High-Gold"), alongside expected  growing demand for commodities like Iron-Ore, Zinc, Copper, Silver, and Gold. Despite these bullish indicators, the mining sector has yet to regain significant investor traction as the mining industry transitions out of the disarray & Decade-Long Downturn. 

NOTE: Forecast Time-Line as outlined may change , either way due to factors yet unseen - but surely ... 

"YOU KNOW - ITS ONLY MATTER OF TIME" ! **  (Seeking Personal Financial Advisor's Agreement Recommended pursuant to Disclaimer) 

 Right Team Is Key

An Experienced, Knowledgeable and Dedicated Team is a must for effective  Diversification & Advancement of Projects Prudently (as outlined below), especially Under Adverse Market Conditions generating cyclical-downturns (Now Further Impacted By Trade-Wars).  The Team must perform effectively, ensuring Minimization of Undue Shareholder Dilution, hence Enhancing Shareholder Value.

The Company led by an accomplished, successful, experienced and entrepreneurial business and mining team (the "Team" - consisting of the Directors, Management & Advisory Board) continues, as it has in the past, to minimize undue shareholder dilution while prudently advancing its current highly prospective Jean-Project through mining sector's Decade-Long Downturn resulting from adverse market conditions. Conditions magnified by economic difficulties caused by the historic Covid epidemic’s supply-chain issues &  resulting in high inflation rates that resulted in the implementation of  increase in interest rates [highest rates in last forty (40)  years] to fight inflation.

Team's past performance Is worth noting:

• Gnome Project - Now held by AsiaBaseMetals Inc. ("AsiaBaseMetals" - a Futura Group Company) - A highly prospective Zinc/Cobalt  project in British Columbia, Canada acquired by the Company's Team during a similar Decade-Long Downturn as the present one. Note: Pursuant to the Company's business plan, when the Company first was listed onto the TSX Venture Exchange in 2009, immediately following the 2008 market demise due to the banking crisis, the Company  upon the completion of an extensive review of  global demand for various types of metals when metal prices were unfavorable and/or depressed, especially for Zinc & Cobalt acquired the Gnome Project at what "management believes to be exceptionally low price", representing "cents on the dollar for exploration work previously already conducted"; and "without significant dilution to shareholders"; &

• Black Butte Copper Deposit  - Now held by Sandfire Resources America Inc. (" Sandfire" - previously a Futura Group Company - Associate;  previously named Tintina - name changed - January 31, 2018) in Montana, U.S.A  acquired by the same Team during a similar Decade-Long Downturn as the present one, when I headed Tintina as its CEO (previously a Futura Group Company - Associate).  This world-class Copper project is one of the highest grade copper projects in the world, and is now finally being put into production, with all permits (Mine Operating Permit - February 26, 2024 ) now in place with Win at the Monta Supreme Court Regarding Water Rights Ruling as of January 2, 2025. 

• Gahcho Kue Diamond Deposit - Now held by Mountain Province Diamonds Inc. ("Mountain Province Diamonds" - previously a Futura Group Company - Associate); &

• Kolwezi Tailing Project (originally held by America Mineral Fields Inc. ("America Mineral Fields" - previously a Futura Group company - Associate - name changed to Adastra Minerals which was acquired by First Quantum - May 1, 2006).

The right time to Acquire Advanced Copper & Gold Assets is "Now".  Our Team can accomplish it, and "again" with your support, the shareholders/investors,  as was done by the Team with the above noted (1) Black Butte Copper Deposit, (2) the Gahcho Kue Diamond Deposit, and (3) the  Kolwezi Tailing Project , a project originally held by America Mineral Fields (name changed to Adastra Minerals which was acquired by First Quantum - May 1, 2006).

Well, it's "Time to Review the Facts". 

Risk Management: As you all appreciate, the Mining Industry is considered a high risk business.  "To mitigate Risk", even when drilling the best of  properties, with immense potential, one needs to add additional prospective advanced projects, especially when the time to do so is  opportune; as is the case now.

Focused Team - Delivering Shareholder Value: The Company's whole team is focused on delivering shareholder value to all shareholders of the Company, as can be seen to date. I not only serve the Company, the Company's team, each of the Company's Shareholders, and each community and country where the Company conducts business; I also do it as a significant shareholder [as per my shareholder filings on  the System for Electronic Disclosure by Insiders ("SEDI"). 

The Company & I thank you: Your  valuable time to read my my Update Message, and for your continued support as the "Company having Forward Thinking" creates and delivers results and value for all shareholders is truly appreciated. I recommend that you view the Company's Brochure (t e "Brochure") available on the Company's website (in the Document Library Section) for more information & details. and read the full Disclaimer provided on the Company's website.

"Raj Chowdhry"

CEO & Chairman of the Board

NOTE: Click Here  - To Read Full Disclaimer - Covering All Content & Statements Above