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2007MANTLE RESOURCES ACQUIRES CONTROL OF ECSTALL MININGFebruary 12, 2007 Vancouver, BC – February 12, 2007 – Mantle Resources Inc. (TSX Venture: MTS; Frankfurt: AOF7E1) (the Company) is pleased to announce that pursuant to its take-over bid made December 22, 2006, as amended by its Notice of Variation dated January 10, 2007, the conditions of its Offer have been satisfied and that it will be taking up the 43.2 million shares of Ecstall Mining Corporation which were validly tendered prior to the February 9 expiry date. On taking up these shares, Mantle will hold approximately 85% of the outstanding shares of Ecstall. Pursuant to the Offer, Mantle will be issuing and distributing to those shareholders who have tendered, 0.41 of a Mantle share for each Ecstall share tendered. In connection with Mantle taking up these shares under its Offer, the incumbent directors of Ecstall are to resign and appoint a new board comprising of Messrs. Peeyush Varshney, John Fraser and Marco Strub. In order to allow additional time for those Ecstall shareholders who have not yet tendered their shares to do so, Mantle has decided to extend the Offer until 2:00 p.m. (Vancouver time) on Friday, February 23, 2007. Those Ecstall shareholders who have not yet tendered their shares are strongly urged to do so as there can be no assurances that Mantle will extend the Offer again or take steps to acquire the remaining shares in a subsequent acquisition transaction. For further assistance in connection with tendering shares under the Offer, Ecstall shareholders are urged to contact Georgeson Shareholder Communication Canada, Inc. at the address and telephone number below: 100 University Avenue North American Toll Free Number: 1-866-568-7419 ON BEHALF OF THE BOARD OF DIRECTORS MANTLE RESOURCES INC. “ PEEYUSH VARSHNEY ” The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. |
