Mr. Steve Saviuk reports

MANITEX CAPITAL ANNOUNCES RESIGNATION OF A DIRECTOR AND NEW BOARD APPOINTMENT

Berge Etmekdjian has resigned as director of Manitex Capital Inc. and the board has appointed Michael Tinmouth as a new independent director. Mr. Tinmouth will also succeed Mr. Etmekdjian as chair of the audit committee.

Manitex president Steve Saviuk said, "We wish to thank Berge for his contribution to the board during his time as a director and welcome Michael Tinmouth, who had previously served on the board."

About Manitex Capital Inc.

Manitex is a diversified investment company specialized in investing in emerging as well as established companies and assists in increasing shareholder value. Manitex currently has 12,661,276 common shares outstanding which are quoted for trading on the TSX Venture Exchange.

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