Manicouagan Minerals Inc.
TSX VENTURE : MAM

Manicouagan Minerals Inc.

January 02, 2007 18:17 ET

Drilling at Brabant Lake Zinc Deposit to Resume January 4, 2007

TORONTO, ONTARIO--(CCNMatthews - Jan. 2, 2007) -

Attention Business Editors:

Manicouagan Minerals Inc. (TSX VENTURE:MAM) announced today that diamond drilling at the Company's wholly-owned Brabant Lake zinc deposit in Saskatchewan is expected to resume on January 4, 2007. In November and December of 2006 seven holes were drilled totaling 2,242 metres. Assay results for the first four holes (BR-06-01 through to BR-06-04) have been released. Assays are pending for holes BR-06-06 and BR-06-07 and hole BR-06-05 is partially complete. Following completion of BR-06-05, three holes will test the projected down-dip (plunge) extension of the deposit. These holes at locations F, G and H, are shown on the plan available with the copy of this press release posted on the Company's website at www.manicouaganminerals.com.

The Brabant Lake zinc deposit consists of an inferred resource of 4,858,000 tonnes grading 5.19% zinc, 0.57% copper, 0.28% lead, 22.59 g/t silver and 0.22 g/t gold and was the subject of an NI 43-101 Technical Report
completed by MPH Consulting Ltd. on September 15th, 2006. The Brabant Lake Technical Report can be viewed on the Company's website at www.manicouaganminerals.com. A copy can also be found with the Company's filings at www.sedar.com.

AMALGAMATION WITH WHOLLY-OWNED SUBSIDIARY

Manicouagan Minerals also announced the amalgamation of the Company with its wholly-owned subsidiary, Manicouagan Resources Inc., effective December 31, 2006. Completion of the amalgamation does not affect the voting powers or participating interests of existing shareholders of the Company and was done to streamline corporate accounting and reporting requirements and to reduce administrative costs.

Exploration programs are being carried out under the supervision of Rod Thomas, Vice President - Exploration of the Company. Mr. Thomas, a professional geologist, has reviewed and verified the technical content of this press release on behalf of Manicouagan Minerals and is a "Qualified Person" as defined in National Instrument 43-101.

Manicouagan Minerals Inc. is a Canadian based exploration company with a diversified portfolio of properties. The Company currently holds four base metal projects located in Quebec and Saskatchewan, on which exploration programs are ongoing.

Additional information about Manicouagan Minerals and its exploration projects can be found at www.manicouaganminerals.com.

All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

See attached location map: http://www.ccnmatthews.com/docs/1-02-07_map.pdf

%SEDAR: 00017383EF

The TSXV has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The TSXV has neither approved nor disapproved the contents of this news release.

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