MAN Manroy

RNS Number:4899D
Mano River Resources Inc
10 January 2000



No 00/2

Canadian Venture Exchange (CDNX) Trading Symbol: MNO
London Stock Exchange - AIM

BROKERED PRIVATE PLACEMENT ARRANGED TO RAISE GROSS CDN$1,653,200
(GB# 688,835) 

The Board of Mano River Resources Inc. ("Mano") announces that it has
arranged, subject to regulatory approval by the Canadian Venture Exchange
(CDNX), a Brokered Private Placement to raise CDN$1,653,200 (GB#688,835). 

The Placing has been arranged of 5,740,292 common shares at GB#0.12 per share
as to #454,000 (Cdn$1,089,600) by the Company's Nominated Broker for AIM,
Ellis and Partners Limited, and as to #234,835 (Cdn$563,600) by Loeb Aron &
Company Ltd. Application will be made for the new shares to be admitted to
trading on AIM.

The proceeds of the Placing will be used by the Company to enable it to
advance the exploration of the Weaju, Gondoja and Gayama properties in
Liberia, where encouraging results have already been received, to continue its
exploration programme over a range of promising gold and diamond targets
elsewhere in the Mano River Union countries, and for general working capital
purposes. 

Mano aims to create shareholder value through the identification, exploration
and development of high quality gold and diamond deposits in the West African
Mano River Union countries of Liberia, Sierra Leone and Guinea. The Company,
having made its pioneering entry into Liberia in 1995, is currently
concentrating its exploration efforts on its extensive licences in the west of
the country, where the principal targets comprise Archaean greenstone
sequences considered comparable to those of the Lake Victoria Gold Province in
Tanzania, together with potentially diamondiferous kimberlites related to the
well-known diamond province in neighbouring Sierra Leone. 

Tom Elder       
President and CEO                                   

Contacts:   Tom Elder        President and CEO                              UK
 +44 (0)1235 810 740
       John Mattison         Mattison Public Relations       UK +44 (0)171 729
3035
       Guy Pas        Co-Chairman       Switzerland +41 22 758 2151
       Tony Rhatigan        Co-Chairman       UK  +44 (0)385 297 348
       Peter Dwerryhouse        Director       Canada+1(604)662 3730
       UK  +44 (0)171 504 8147

The information contained herein has neither been approved nor disapproved by
the Canadian Venture Exchange

END

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