Manicouagan Minerals Inc.

Manicouagan Minerals Inc.

December 21, 2006 14:37 ET

Manicouagan Advises Warrant Holders That Warrants Expiring on Saturday December 23, 2006 May Be Exercised Until the Close of Business on Wednesday December 27, 2006

TORONTO, ONTARIO--(CCNMatthews - Dec. 21, 2006) - Manicouagan Minerals Inc. (TSX VENTURE:MAM) advised
today that warrant holders of the outstanding warrants that were issued in connection with two previous financings that closed on December 23, 2004 and March 11, 2005 respectively have until the close of business on December 27,
2006 to exercise these warrants. This is because the original expiry date of the warrants, December 23, 2006 is a Saturday and the next business day is Wednesday December 27, 2006.

Each of these warrants entitles the warrant holder to purchase one common share of Manicouagan Minerals at a price of $0.25.

Manicouagan's transfer agent is Computer Share Investor Services. Computer Share can be contacted at 1-800-564-6253.

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

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.

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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.

Contact Information

  • Joseph Baylis
    President and Chief Executive Officer


    Arthur Hampson
    Chief Financial Officer & Secretary