Manicouagan Minerals Inc.

Manicouagan Minerals Inc.

August 17, 2011 18:00 ET

Manicouagan Minerals Inc. Grants Options to an Officer of the Company

TORONTO, ONTARIO--(Marketwire - Aug. 17, 2011) - Manicouagan Minerals Inc. (TSX VENTURE:MAM) (the "Company") announces that 100,000 options to purchase common shares of the Company are being granted to an officer at an exercise price of $0.16 per share, expiring on August 17, 2016. The grant is subject to regulatory acceptance.

About Manicouagan

Manicouagan Minerals Inc. is a Canadian based exploration company focused on advancing its gold projects in the Pickle Lake Gold Belt, Ontario. Manicouagan also has a pipeline of commodity projects including the Brabant Lake Zinc deposit in Saskatchewan, and the Mouchalagane Nickel/Copper/PGE and HPM/Forgues Nickel/Copper/Cobalt projects in Québec.

Additional information about Manicouagan and its exploration projects can be found at

Une traduction française de ce communiqué de presse est disponible à

Forward Looking Statements

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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