Manicouagan Minerals Inc.

Manicouagan Minerals Inc.

October 12, 2006 12:27 ET

Manicouagan Receives NI 43-101 Technical Report on Brabant Lake Property; Brabant Lake Zinc-Copper Deposit Classified as Inferred Resource of 4,858,000 Tonnes Grading 5.19% Zn, 0.57% Cu, 0.28% Pb

TORONTO, ONTARIO--(CCNMatthews - Oct. 12, 2007) -


Attention Business Editors:

Manicouagan Minerals Inc. (TSX VENTURE:MAM) announced today that it has received the NI 43-101 Technical Report on the Brabant Lake zinc-copper deposit. The Company retained MPH Consulting Ltd. to complete the NI 43-101 Technical Report on the property which has been the subject of previous drilling campaigns, the most recent being work done by Phelps Dodge Canada (PDC) in 1994.

Manicouagan did not undertake a resource calculation of its own. However, MPH is of the opinion that the entire resource consisting of some 4,858,000 tonnes grading 5.19% Zn, 0.57% Cu, 0.28% Pb, 22.59 g/t Ag and 0.22 g/t Au, as determined by PDC in 1994, can be classified as an inferred resource as defined by the CIM Standards on Mineral Resources and Reserves. MPH concluded that the PDC resource estimate was based on a total of 43 holes at a nominal spacing of 50 meters and used a database consisting of coded data which reflects the actual drill logs and assay data and that the resource was estimated using the polygonal method in plan view with a 2% cut-off, a minimum true width of 3.0 m and Specific Gravity of 3.0. Although the resource estimate in 1994 did not attempt to identify inferred or indicated resources the well documented and systematic approach employed by PDC was sufficient to categorize the resources as inferred within the context of current NI 43-101 requirements.

MPH further concluded that the Brabant Lake property hosts a significant base metal deposit which is open down plunge and that there is excellent potential to significantly increase the size of the mineral resource. A substantial ($725,450) Phase 1 work program, consisting of largely drilling and down-hole geophysics, is recommended to verify higher grade portions of the deposit as well as to follow-up on the projected down-plunge extension of the deposit.

The entire Technical Report can be viewed on the Company's website at A copy can also be found with the Company's filings at

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.

Manicouagan has engaged Patterson Geophysics of La Ronge, Saskatchewan to complete multi frequency HLEM (horizontal loop electromagnetic) and ground magnetometer surveys over a recently established 35 km cut-line grid over the main deposit area. Geophysical surveys will commence shortly and will assist in locating confirmatory and exploratory drill holes as per the recommendations of the NI 43-101 report.

Environmental work permits for both geophysical and diamond drilling activities have been received. Diamond drilling work is expected to commence in early November, 2006.

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 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 regulator.

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