Manicouagan Minerals Inc.
TSX VENTURE : MAM

Manicouagan Minerals Inc.

November 30, 2006 09:33 ET

Manicouagan Completes Validation Drill Hole on Brabant Lake Zinc Deposit; Intersects 6.43% Zinc Over 5.46 M and 17.64% Zinc Over 6.16 M

TORONTO, ONTARIO--(CCNMatthews - Nov. 30, 2006) -

Attention Business Editors:

Manicouagan Minerals Inc. (TSX VENTURE:MAM) announced today that it has received assay results from the first hole of the drilling program currently underway on the Brabant Lake zinc deposit.

Hole BR-06-01 is the first hole of a planned eight hole program. This first hole was designed to validate results obtained by Phelps Dodge Canada (PDC) from hole BR-196-8 which was drilled in 1993 and intersected 5.49% zinc
over 7.2 meters and 13.92 % zinc over 6.3 meters. Hole BR-06-01 intersected 6.43% zinc over 5.46 meters and 17.64% zinc over 6.16 meters.

Old hole BR-196-8 was re-entered and a wedge was positioned at a depth of 331 meters down-hole to enable a minor deflection of the drill rods such that a new hole (BR-06-01) could be drilled roughly sub-parallel and a few meters away from the old hole. The new hole, BR-06-01, intersected both the Upper and Lower mineralized zones as reported by PDC and provided results comparable to those obtained by PDC in 1993. The complete results of both holes are set out in the table below:



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Hole ID From To Length Zinc Copper Lead Silver Gold
(m) (%) (%) (%) (g/t) (g/t)
(down-
hole)
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BR-06-01 363.66 369.12 5.46 6.43 0.44 0.03 21.23 0.14
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400.94 407.1 6.16 17.64 0.77 0.60 59.02 0.19
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BR-196-08 360.9 368.1 7.20 5.49 0.53 0.02 13.96 0.14
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398.0 404.3 6.30 13.92 0.83 0.04 43.00 0.16

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Drilling of the fourth hole of the planned eight hole program is currently underway. Assay results from the second and third holes are pending.

The drill 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. Further 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. 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. Analytical services are provided by TSL Laboratories of Saskatoon, Saskatchewan.

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.

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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