£1million loan facility and Corporate Update

16 September 2013

Mentum Inc. (AIM: MEN)

("Mentum" or the "Company")

£1 million loan facility and Corporate Update

Working Capital Support

The Company is pleased to announce that it has entered into an agreement with certain of its shareholders (Jim Stewart, Mike Douglas and Stanhill Capital Partners, together "the Lenders") to provide a secured loan agreement in the amount of £1,000,000 (the "Loan Facility"). The purpose of the Loan Facility is to provide the Company with additional working capital as it accelerates its evaluation of certain new investment opportunities.

The principal terms of the loan are:

· Up to £1,000,000 will be provided to the Company;

· Term of 1 year extendable to 2 years, at the Company's sole discretion, if required;

· On all funds drawn-down, coupon of 7.5% per annum payable through the issuance of new shares in the Company to the Lenders at a price of 0.75p per new share; and

· In consideration for the provision of this facility, grant of warrants over 21,000,000 ordinary shares of the Company to the Lenders, exercisable until 16 September 2018 at 0.45p per new share.

Loan Facility is provided in equal part by Jim Stewart, Mike Douglas and Stanhill Capital Partners and associates, each holders of 13.26% of the issued share capital of the Company.

The loan facility providers are substantial shareholders and as such, provision of the Loan Note is a related party transaction as defined by the AIM Rules. The Directors, having consulted with ZAI Corporate Finance (the Company's Nominated Adviser), consider that the terms of the Loan Note are fair and reasonable insofar as Mentum's shareholders are concerned.

Corporate Update

The Board is pleased to confirm that it has identified the following areas of focus and that it is actively pursuing specific investment opportunities in each such area:

1. Oil and gas properties in the Republic of Iraq and Kurdistan

2. Logistical and infrastructure supply and support in Africa for the hydrocarbon and mineral exploitation industries

3. Oil and gas exploration projects in Africa, both onshore and offshore

4. Air cargo logistical supply support in Africa

The Company expects to be in a position to announce substantial progress in the evaluation and, where appropriate, execution of these preliminary investment initiatives, prior to the close of Q1 2014.

Peter Moss, Chairman, commented "We are extremely fortunate to have the support of a number of our major new shareholders, not only through the special loan facility, but also through their introduction of a number of proprietary, large-scale investment opportunities by which the Company can grow. I look forward to providing shareholders with further updates in the near future, as they become available."

Enquiries:

Mentum Inc.

Peter Moss/Charles Goodfellow

+44(0)20 7220 9791

ZAI Corporate Finance Ltd

Tom Price / Irina Lomova

+44(0)20 7060 2220

Peterhouse Corporate Finance Limited

Heena Karani/Lucy Williams

+44 (0)20 7469 0936