Manicouagan Minerals Inc.
TSX VENTURE : MAM

Manicouagan Minerals Inc.

November 06, 2006 11:00 ET

Manicouagan Commences drilling of 100% owned Brabant Lake Zinc Deposit in Northern Saskatchewan

TORONTO, ONTARIO--(CCNMatthews - Nov. 6, 2007) -

Attention Business Editors:

Manicouagan Minerals Inc. (TSX VENTURE:MAM) announced
today that it has signed a drilling contract with Major Drilling of Winnipeg, Manitoba and has commenced drilling at its Brabant Lake Zinc Deposit. The planned Phase 1 program is designed to verify higher grade portions of the
deposit as well as to follow-up on the projected down dip extension of the deposit.

The program is expected to take approximately six weeks to complete and assay results of drill core will be made available on an on-going basis. The Brabant Lake Zinc Deposit contains an inferred resource of some 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.

The property was the subject of a recently completed NI 43-101 Technical Report completed by MPH Consulting Ltd. (see Manicouagan Press Release dated October 12, 2006). MPH concluded that the Brabant Lake Zinc property hosts a
significant base metal deposit which is open down dip and that there is excellent potential to significantly increase the size of the mineral resource. MPH recommended a substantial Phase I work program, consisting of
largely drilling and down-hole geophysics. The estimated cost of the current Phase 1 program is $712,000.

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.

Joseph Baylis, President and Chief Executive Officer of Manicouagan Minerals noted that "with zinc prices on the London Metal Exchange (LME) reaching record highs of over US $1.99 per pound and a continued positive outlook for base metals overall, it is timely that we aggressively advance this exciting opportunity."

Phase 1 drilling will consist of eight diamond drill holes ranging from 295 to 745 metres in depth for an expected total of 4200 metres of NQ sized core drilling. Casing will be left in holes to facilitate down-hole pulse EM
surveys to be completed at the end of the Phase I drill program. These surveys will assist in developing drill targets for Phase II drilling planned for early 2007. Details of the proposed holes and a sketch showing the drill plan are available on the Company's website.

The Brabant Lake Zinc 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.

Grant of Options

The Company also announced that its Board has approved the issuance of 1,140,000 options under the Company's Stock Option Plan. These options are being granted to directors, officers, consultants and an employee of the Company, and are exercisable into common shares of the Company at a price of $0.15 per share for a period of five years from the date of the grant.

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 Saskatchewan and Quebec, 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.

%SEDAR: 00017383E

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