Manicouagan Minerals Inc.
TSX VENTURE : MAM

Manicouagan Minerals Inc.

February 26, 2007 09:00 ET

Manicouagan Reports More Encouraging Drill Results From Its Brabant Lake Zinc Deposit - 6.17 Metres of 15.76% Zinc

TORONTO, ONTARIO--(CCNMatthews - Feb. 26, 2007) -

Attention Business Editors:

Manicouagan Minerals Inc. (TSX VENTURE:MAM) announced today additional assay results from the drilling program currently underway on the Brabant Lake zinc deposit. Results have been received for drill holes BR-06-09, BR-06-010 and BR-07-11 and are presented in the table below.



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Hole Zone From To Length(xx) Zn(%) Cu(%) Pb Ag Au
ID ID (m) (%) (g/t) (g/t)
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less
than
BR-07-09 295.04 295.80 0.76 13.91 1.21 0.01 25 0.27
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less
than
BR-07-10 532.14 532.73 0.59 2.02 1.27 0.03 35 0.03
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less less
than than
574.10 574.20 0.20 10.4 0.04 0.01 7.7 0.03
-------------------------------------------------------------------------

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BR-07-11 Upper 317.49 327.48 9.99 2.93 0.33 .08 12.22 0.08
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Lower 370.83 377.00 6.17 15.76 0.78 0.05 33 0.17
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(xx)down-hole length approximately 85% true width


Drill hole BR-07-11 intersected well developed Upper and Lower zone mineralization. Upper Zone mineralization was intersected over a down-hole interval of 9.99 metres and assayed 2.93%. Lower Zone mineralization was intersected between 370.83 and 377.00 metres down-hole and assayed 15.76% zinc and 0.78% copper over 6.17 metres. Significant zinc mineralization over narrow intervals was intersected in holes BR-07-09 and BR-07-10. Drilling was temporarily halted during the first two weeks of February to allow for down-hole pulse electromagnetic surveys (DHPEM) to be completed by Crone Geophysics in a number of holes. Preliminary results indicate that mineralized zones are strongly conductive. A number of in-hole, edge-of-hole and off-hole conductors were detected. These results are being compiled and interpreted and prospective targets will be incorporated into the ongoing drill program.

Drilling on the Brabant Lake zinc project resumed February 20th, 2007 with the extension of drill hole BR-07-10. The DHPEM survey of this hole indicates the possibility that a conductor lies beneath the end of the current
hole. Plans are to extend BR-07-10 for an additional 100 to 150 metres. A drill hole location plan, 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.

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. and dated September 15th, 2006. 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. 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 Project - Joint Venture Partner to be Sought

Manicouagan Minerals also announced today that it has decided to seek a joint venture partner for its wholly-owned Manicouagan Project located 242 kilometres north of Baie-Comeau in the province of Quebec.

After Sudbury, the Manicouagan Impact Structure ("MIS") is the second largest known impact crater in North America and with a diameter of approximately 100 kilometres, it is also the world's fourth largest meteorite
impact site.

Manicouagan has drilled four deep holes in the centre of the MIS and 16 along the periphery. These drill holes tested a variety of discrete targets. Although no economic intersections were encountered, the presence of anomalous concentrations of copper-nickel sulphides within shocked basement rocks is considered encouraging from an exploration perspective, suggesting the potential for economic sulphides.

Exploration of the MIS is still in its initial stages. Despite the challenge involved exploring the large 1600 km(2) target area, the nature of the target, a possible Sudbury analogue, makes it a first priority exploration
target for copper/nickel/platinoids. However, the sheer size and scale of the Manicouagan Project requires that a company the size of Manicouagan Minerals seek a joint venture partner to assist with the funding of the ongoing
exploration.

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.

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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