Manicouagan Minerals Inc.
TSX VENTURE : MAM

Manicouagan Minerals Inc.

December 14, 2006 14:51 ET

Manicouagan Announces Encouraging Assay Results From Ongoing Drilling at Its Brabant Lake Zinc Deposit

TORONTO, ONTARIO--(CCNMatthews - Dec. 14, 2006) -

Attention Business Editors:

Manicouagan Minerals Inc. (TSX VENTURE:MAM) announced today that it has received additional assay results from the drilling program currently underway on the Brabant Lake zinc deposit. Results have been received for recently completed drill holes BR-06-02, 03 and 04.



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Hole Zone From To Length(ii) Zn Cu Pb Ag Au
ID ID (m) (%) (%) (%) (g/t) (g/t)
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BR-06-02 Upper 348.36 355.58 7.22 0.38 0.96 0.05 18.55 0.17
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BR-06-03 Upper 259.13 264.21 5.08 8.25 0.88 0.03 22.81 0.21
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Lower 297.05 300.85 3.80 19.30 0.95 0.03 37.06 0.22
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BR-06-04 Upper 210.36 213.51 3.15 10.91 0.62 0.03 15.96 0.01
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Lower(i) 218.78 228.38 9.60(i) 11.98 0.88 0.09 29.36 0.03
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(i)incl-
uding 224.55 228.38 3.83 24.52 0.92 0.00 18.33 0.01
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(ii) down-hole length approximates 85% of true width


Drill holes BR-06-06 and BR-06-07 have been completed. Drill hole BR-06-05 is underway. Assay results for these three holes are pending. Drilling on the property will be suspended from December 15, 2006 - January 02, 2007.

Upper and Lower zone mineralization was intersected in both BR-06-03 and BR-06-04 confirming the presence of both the Upper and Lower zones in this portion of the deposit. In both instances Lower Zone mineralization is noticeably enriched in zinc as compared to Upper Zone mineralization. These results support the objective of the current program which is to focus drilling efforts on the Lower Zone which constitutes only 25% of the known
inferred resource and is relatively under-explored.

In drill hole BR-06-02 only Upper Zone mineralization was intersected. Evidence of a fault in the lower portion of the BR-06-02 suggests that the Lower Zone may have been displaced in this area.

A drill hole location plan as well as additional information on the project is available 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.

The Brabant Lake property consists of 21 contiguous claims registered as ML 5054 and is located immediately east of Highway 102 some 175 km from the all services community of La Ronge, Saskatchewan.

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 employs 43-101 compliant QA/QC procedures at all points in the sampling, handling, storage and shipment of samples. Blind standards and blanks are inserted into the sample sequence in the field. Analytical services are provided by TSL Laboratories of Saskatoon, Saskatchewan. Samples are crushed, riffle split and
pulverized to yield a 250 gram pulp with ~ 95% -150 mesh. Ag, Cu, Pb and Zn assay is by multi-acid digestion; samples for Ag (g/tonne) and base metals (%) are weighed at 0.5 g. Samples for Au fire assay/gravimetric are weighed at 1 AT (29.16 g). Details on analytical techniques employed by TSL Laboratories may be found on the laboratories' website at www.tsllabs.com.

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/12-14-06_map.pdf

%SEDAR: 00017383EF

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