Achtung News! Mantle Resources

For each of the zinc, lead and silver values presented, the first figure has been derived from assay data from Acme Analytical Laboratories Ltd. (Acme), Vancouver, B.C., and the second, in brackets, has been calculated from confirmatory assays carried out on assay pulps from Acme by Global Discovery Labs, Vancouver, B.C. The silver assays were not checked. The true width of the mineralization is estimated to be 60% of the core interval but is subject to revision.

This hole, drilled from the same pad as A-05-30 (drilled in 2005 - see below) pierced the mineralized horizon approximately 150 meters down-dip, and 40 meters along strike, to the south, from the interval in hole A-05-30.

"We are extremely pleased with the assay results of the first completed hole of the current 2006 drilling program. To follow the positive results of the three holes drilled in last year's Fall / Winter phase of the Akie drill program with these results is very encouraging," said Peeyush Varshney, President of Mantle Resources Inc. "The overall grades of zinc, lead and sliver have once again exceeded, in both grade and true width, the historical results assembled by Inmet Mining Corporation, the previous operator. This hole pierced the mineralized horizon approximately 150 meters down dip, a significant distance, from the first hole we drilled last year."

For Mantle Resources, the long awaited press release is here. Earlier in the year Mantle commenced the initial phase of the 2006 exploration program which is budgeted at approximately $3 million. The majority of the expenditures will be for drilling, $100,000 has been allotted for metallurgical studies of drill core and $30,000 for drill access road location GPS survey and plotting. The Company anticipates drilling between 9 and 12 holes in this initial phase of the 2006 work program. The goal of this phase of drilling will be to outline a potentially economic 12-15 million tonne zinc-lead deposit grading 12%-15% zinc-lead which could sustain a 3,000 tonne/day mine for 12 to 15 years.

The question at that time was will this mine be worth what they are saying?' Will investors see the sustained profits from their company's expeditions?

Please visit www.streetinvesting.com for a complimentary subscription to access this issuance and other related in-depth articles. Please note that membership does not require credit card information nor does it require a commitment to our service.

We have initiated this news release as a tool to keep investors informed about the market. The information contained herein comes from an unbiased perspective and we do not have a vested interest in the companies mentioned in this release. Becoming a member to www.streetinvesting.com will give you access to all the on-going information and investment news that we come across.

Investors wishing to seek a different approach to their investment theories and concepts and to be informed of unique investment opportunities should also visit www.streetinvesting.com for a free membership

       642.70            664.60             21.90              8.88 (8.47)         1.80 (1.74)         15.6 (N/A)
Incl: 654.50            664.60             10.10            11.06 (10.69)      2.52 (2.46)         21.3 (N/A)


       677.10            681.90              4.80               9.33 (9.23)         2.16 (2.20)         17.3 (N/A)

For each of the zinc, lead and silver values presented, the first figure has been derived from assay data from Acme Analytical Laboratories Ltd. (Acme), Vancouver, B.C., and the second, in brackets, has been calculated from confirmatory assays carried out on assay pulps from Acme by Global Discovery Labs, Vancouver, B.C. The silver assays were not checked. The true width of the mineralization is estimated to be 60% of the core interval but is subject to revision.

This hole, drilled from the same pad as A-05-30 (drilled in 2005 – see below) pierced the mineralized horizon approximately 150 meters down-dip, and 40 meters along strike, to the south, from the interval in hole A-05-30.

“We are extremely pleased with the assay results of the first completed hole of the current 2006 drilling program.  To follow the positive results of the three holes drilled in last year’s Fall / Winter phase of the Akie drill program with these results is very encouraging,” said Peeyush Varshney, president of Mantle Resources Inc.  “The overall grades of zinc, lead and sliver have once again exceeded, in both grade and true width, the historical results assembled by Inmet Mining Corporation, the previous operator.   This hole pierced the mineralized horizon approximately 150 meters down dip, a significant distance, from the first hole we drilled last year.”

Drilling Details and Discussion:

Drilling commenced on May 19 and, to the morning of July 31, 2006, a total of 2,491.49 meters have been completed from two drill pads located approximately 250 meters apart. Thus far, the drilling of 3 holes has been carried out successfully.   In all of these holes, mineralized intervals have been noted.  Three other attempted holes have been abandoned due to either excessive deviation (at a depth of 326 meters), drill rods becoming stuck in a major thrust fault (at a depth of 75.29 meters) or loss of water return (at a depth of 24.99 meters).

The other 2 holes successfully completed to date are as follows:

Hole: A-06-36A: ( Az: 055o; Dip: -80o; Grid: 3100S/0125W; Elev: 1543 meters; End of Hole 791 meters) deviated significantly from the intended track but intersected two mineralized horizons between 671.60 and 687.90 meters (16.30 meters) and 710.80 and 721.80 meters (11.00 meters), the pierce point located some 170 meters down-dip, and 90 meters along strike, to the north, from the mineralized intercept in A-05-32 (drilled in 2005 -- see below).  These two intervals are thought to be spatially close to the mineralization reported by Inmet in 1995 for hole A-95-13, 7.40 meters (true width) of 8.02% zinc, 1.51% lead and 13.5 grams silver per tonne.

Hole: A-06-37A: (Az: 055o; Dip: -65o; Grid: 3100S/0125W; Elev: 1543 meters) had an intended target located 50 meters up-dip from the mineralized intercept in hole A-05-32 (drilled in 2005). As of the morning of July 31st, 2006, the hole was at 578.21 meters, and had encountered the mineralized horizon between 480.00 and 533 meters.  The hole is currently in the Road River Group footwall rocks where the drilling will be finished shortly.

The core from hole A-06-36A, the second completed drill hole, has been logged, and intervals of interest split, sampled and submitted to Acme Analytical Laboratories Ltd., of Vancouver, B.C., for analysis.

Metallurgical studies are currently being conducted at SGS Lakefield Research Limited, Lakefield, Ontario, on selected core samples from the three holes, A-05-30, A-05-32 and A-05-33, completed in 2005. This work comprises flotation and sink-float testing to ascertain feasible processes and flow sheets for extracting zinc and lead from the Akie mineralization.  Results will be released when available.

Exploration activities on the property have been designed by a joint management committee consisting of representatives from both the Company, the project operator, and the other junior exploration company from which the property has been optioned. Field activities are supervised by Mr. Bernard Dewonck, P.Geo. (BC), a Qualified Person as defined by National Instrument 43-101.

Assay Samples and Procedures:

All mineralized core is split by diamond saw and sampled, with a maximum of 1.5 meters of core collected for each sample. These are bagged and shipped in secure containers to Acme Analytical Laboratories Ltd. in Vancouver, British Columbia, for analysis for zinc, lead and silver by aqua regia digestion followed by ICP emission spectrometry (Group 7A-ICP Multi-Element Assay). Check assays are carried out by Global Discovery Labs, also in Vancouver, employing aqua regia digestion followed by atomic absorption finish (Group 4).

Qualified Person:

John R. Fraser, P.Geo. (BC) is the Qualified Person for the Company and is responsible for the technical contained in this release.

About the Akie Property:

The following is a summary of the three holes drilled during the Fall / Winter phase of drilling at the Akie Property in 2005:

Hole: A-05-30.

From (m) To (m) Interval (m) Zinc (%) Lead (%) Silver (gr/t)
    531.75    568.80     37.05§10.98 (11.30) 2.61 (2.65) 21.2 (NA)
Incl. 543.47 567.30 23.83 15.02 (15.57) 3.27 (3.77) 28.5 (NA)
Incl. 543.70 561.40 17.93 17.22 (18.08) 4.20 (4.23) 30.1 (NA)

Hole: A-05-32.

From (m) To (m) Interval (m) Zinc (%) Lead (%) Silver (gr/t)
    555.20    581.90     26.70     11.95      2.74§22
Incl. 558.20 581.90 23.70 12.47 2.91 23.5
Incl. 570.40 581.90 11.50 16.16 3.95 29
Incl. 576.40 580.05 3.65 28.25 6.18 44

This hole and hole A-05-30 intersected the mineralized zone approximately 180 meters apart,


Hole: A-05-33.

From (m) To (m) Interval (m) Zinc (%) Lead (%) Silver (gr/t)
    558.55    577.75     19.20§8.71 (8.53) 1.83 (1.89) 16.01 (N/A)
Incl. 565.50 577.00 11.50 9.81 (9.52) 2.20 (2.23) 18.54 (N/A)
Incl. 571.00 577.00  6.00 11.97 (11.58) 2.79 (2.85) 22.00 (N/A)


This hole pierced the mineralized zone approximately 238 meters south of hole A-05-30 or 416 meters south of hole A-05-32.

For each of the zinc, lead and silver values presented above, the first figure has been derived from assay data from Acme Analytical Laboratories Ltd. (“Acme”), Vancouver, BC, and the second, in brackets, has been calculated from confirmatory assays carried out on assay pulps from Acme by Global Discovery Labs, Vancouver, BC. The silver assays were not checked. The true width of the mineralization reported above is estimated to be 72% of the core interval and is subject to revision.

The Akie property, which has been optioned from Ecstall Mining Corporation, comprises a total of 256 claim units, in 22 contiguous mineral claims encompassing some 5,400 hectares, situated in the Omineca Mining Division of British Columbia.  Between 1992 and 1996, approximately $5.4-million was spent exploring the property, including approximately 13,000 metres of diamond drilling.

Variably siliceous, bluish-grey weathering, fine-grained clastic rocks of the Middle to Late Devonian ‘Gunsteel formation’ host a sheet-like body of laminated to massive  pyrite and barite, with local finely laminated bands of sphalerite and galena, that has a strike length of  1,600 meters, a dip extent of at least 800 meters and a true width of up to 30 meters. Within this, Inmet Mining Corporation, the previous operator, identified an inferred resource, based on four widely spaced drill holes, of 13 million tonnes grading 8.52% zinc, 1.47% lead and 13.24 grams silver/tonne over a true width of 6.3 meters.

Note: This historical inferred resource estimate was prepared before the implementation of National Instrument 43-101. The Company’s Qualified Person has not reviewed the estimate but believes it to be reliable and relevant as it was calculated by Inmet Mining Corporation, a respected international mining concern, using simple polygonal blocks. However, this estimate should be treated as a historical resource estimate and should not be relied upon until additional drill hole information is available.

The Akie deposit is open to expansion in tonnage and grade both along strike and down-dip.

Photos of the Akie zinc-lead property are available at the Company’s website at www.mantleresources.com.

For further information regarding the Akie property, the reader is referred to a NI 43-101 report, titled Geological Report on the Akie Property, dated October 24, 2005, by D.G. MacIntyre, Ph. D., P.Geo.(BC)., which is filed on SEDAR at www.sedar.com.



The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

ON BEHALF OF THE BOARD OF DIRECTORS
MANTLE RESOURCES INC.

“PEEYUSH VARSHNEY”
          §

Hoffe, daß die Aktie endlich nachhaltig steigt. Die Ergebnisse scheinen mir sehr gut zu sein.