Manicouagan Minerals Inc.
TSX VENTURE : MAM

Manicouagan Minerals Inc.

July 18, 2007 07:30 ET

Manicouagan Reports Initial Phase II Drill Results From Brabant Lake

INCLUDING HOLE 21 - 15.99% ZINC OVER 8.18 METRES AND HOLE 23 - 1.83% COPPER OVER 5.90

TORONTO, ONTARIO--(Marketwire - July 18, 2007) - Manicouagan Minerals Inc. (TSX VENTURE:MAM) announced today additional encouraging assay results from the first three holes of the Phase II drilling program currently underway on the Brabant Lake zinc deposit. Assays have been received for drill holes BR-07-21, BR-07-22 and BR-07-23 and are summarized in the table below.



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Length
Hole Zone (ii) Zn Cu Pb Ag Au
ID ID (i) From To (m) (%) (%) (%) (g/t) (g/t)
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BR07-21 UZ 184.00 188.20 4.2 3.50 0.53 0.06 12.97 less than0.03
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LZ 192.76 200.94 8.18 15.99 0.54 0.05 15.81 less than0.03
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includes 192.76 196.80 4.04 23.34 0.48 0.01 12.24 less than0.03
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BR07-22 UZ 138.80 141.46 3.16 4.42 0.78 0.33 20.92 less than0.03
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LZ 143.60 151.31 7.71 4.98 0.38 0.07 8.21 less than0.03
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includes 148.29 151.31 3.02 7.01 0.58 0.07 11.72 less than0.03
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BR07-23 UZ 272.00 279.50 7.50 1.32 0.35 0.27 21.15 less than0.03
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includes 273.00 274.55 1.55 5.30 0.40 0.19 17.52 less than0.03
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LZ 299.06 327.60 28.54 2.19 0.84 0.10 28.28 less than0.03
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includes 314.10 320.00 5.90 5.06 1.83 0.07 49.66 less than0.03
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FWZ 327.60 329.70 2.10 1.22 0.250 1.53 248.01 3.80
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(i) Upper Zone (UZ), Lower Zone (LZ) and Footwall Zone (FWZ)
(ii)down-hole length approximately 85% true width


Drill hole BR-07-21 intersected well developed Lower Zone material which assayed 15.99% zinc over 8.18 metres.

In drill hole BR-07-22 typical Lower Zone mineralization was inter-layered with barren dyke material resulting in lower than usual zinc concentrations for this portion of the Lower Zone. BR-07-23 situated some 95 metres grid west of BR07-21 intercepted the broadest interval to date of Lower Zone mineralization consisting of 28.54 metres of continuously mineralized material which assayed 2.19% zinc and 0.84% copper over its length. This broad zone of mineralization includes some significant intervals of chalcopyrite mineralization with individual samples assaying up to 4.63% copper (BR-07-23 Sample 959798 319.0 m to 320.0 m). Hole BR-07-23 also intersected typical footwall zone material yielding 1.53% lead as well as significant precious metal assays of 248.01 grams per tonne silver and 3.80 grams per tonne gold over 2.10 metres.

To date Manicouagan Minerals has drilled a total of 8,325.24 metres on the project. This includes drill holes BR-07-24 to BR-07-26 for which assay results are pending. The Phase II program which is expected to consist of approximately 30 to 40 holes totaling some 12,000 to 15,000 metres of diamond drilling.

A Drill Hole Location plan, a Lower Mineralized Zone Long Section Zinc Grade Thickness Contour plan and a table showing drill results to date as well as additional information on the project is available on the Company's website at www.manicouaganminerals.com.

Additional information concerning the deposit has been incorporated into an amended NI 43-101 Technical Report prepared by MPH Consulting Ltd and filed with the Company's filings at www.sedar.com. This report supersedes the previous NI 43-101 Technical Report completed for the Company by MPH Consulting Ltd. The Brabant Lake Technical Report can also be viewed on the Company's website at www.manicouaganminerals.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 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 regulator.

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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