Mr. Jacob Garland reports

MANTARO PRECIOUS METALS CORP. ANNOUNCES SHARE CONSOLIDATION

Mantaro Precious Metals Corp. plans to consolidate its issued and outstanding common shares at a ratio of one postconsolidated share for every 10 preconsolidated shares. The purpose of the consolidation is to improve the capital structure and generate greater investor interest.

The company currently has 71,793,733 common shares issued and outstanding. Upon completion of the consolidation, the company will have 7,179,373 common shares issued and outstanding.

In accordance with the company's articles, the consolidation will not require the approval of the shareholders. The company will not be changing its name in connection with the consolidation. The consolidation is subject to the acceptance of the TSX Venture Exchange.

About Mantaro Precious Metals Corp.

Mantaro is a British Columbia company that holds a 100-per-cent interest in the high-grade Santas Gloria silver property, located in Peru.

We seek Safe Harbor.