Mentum Inc. : Subscription for Shares

31 January 2014

MENTUM INC
("Mentum" or the "Company")

Subscription to raise £375,000

The board of Mentum (the "Board") is pleased to announce that, on 30 January 2014, the Company raised £375,000, before expenses, by way of a subscription for 125 million new shares of £0.001 each in the share capital of the Company (the "Subscription Shares") at a price of 0.3 pence per share (the "Subscription Price"), to three separate professional investors.

Background to the Fund Raising

The Company's strategic objective is to invest in the natural resources and energy sectors, and utilise the extensive network and expertise of its Directors and significant shareholders to identify opportunities that are undervalued, undeveloped or under-performing and facilitate growth/unlock value. It is intended that the funds raised will be used to accelerate the implementation of its strategic objectives and to meet the necessary costs of completing a Reverse Takeover (RTO).
Commenting on the subscription, Peter Moss, Chairman of Mentum, said:

"I am very pleased in the continuing and growing confidence being shown by professional investors in the Company. This round of funding enables Mentum to press forward with delivering on its investing strategy. The Board believes that these further funds, combined with the Company's existing cash resources are expected to provide sufficient funds for the Company to undertake any required due diligence work to execute this strategy."
Peter Moss added "The Company is in the advanced stages of reviewing an opportunity, although there can currently be no guarantee that this may lead to an RTO. We will provide an update for shareholders at the earliest possible opportunity"

The Subscription

The Company has received commitments to subscribe for 125 million new ordinary shares at
0.3 pence per Subscription Share, raising approximately £375,000 (before expenses). The subscription price represents a discount of 54 per cent. to the closing mid market share price on 29 January 2014.
100 million Subscription Shares will rank pari passu with the existing ordinary shares of
£0.001 each in the Company (the "Ordinary Shares") and 25 million of the Subscription Shares to be issued will be partly paid shares that will be treated as a separate share class from the ordinary shares of the Company until such time as they have been fully paid up, when they will then be transferred to ordinary shares. The partly paid shares will not be admitted to trading on AIM until they have been fully paid up and transferred into ordinary shares.
Application has been made for admission of 100 million Ordinary Shares to trading on AIM
and is expected to occur on 10 February 2014.

Following the issue of the 100 million new Ordinary Shares, there will be 680,037,345
Ordinary Shares in issue. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.
Enquiries:

Mentum Inc.

Peter Moss/Charles Goodfellow
[phone]

ZAI Corporate Finance Ltd (Nominated Advisor)

Tom Price
[phone]

Peterhouse Corporate Finance Limited (Corporate Broker)

Heena Karani/Lucy Williams
[phone]