Manitou Gold Inc.
TSX VENTURE : MTU

Manitou Gold Inc.

April 22, 2015 16:43 ET

Manitou Gold Announces Management and Board Changes

SUDBURY, ONTARIO--(Marketwired - April 22, 2015) - Manitou Gold Inc. (TSX VENTURE:MTU) (the "Company" or "Manitou") announces that Mr. Richard Murphy, P. Geo., has been appointed as President and Chief Executive of the Company with effect from May 1, 2015.

"I look forward to rebuilding Manitou Gold into a company that shareholders can realize value in," stated Mr. Murphy. "Manitou has some very strong gold assets that will form the foundation upon which we will rebuild the Company."

Mr. Murphy is an exploration entrepreneur who has been engaged in mineral exploration since 1994. He has been a member of the executive and Board of Ginguro Exploration Inc. since 2009 and has guided Ginguro into its current unique position as owner of North America's first gold paleo-placer deposit. Prior to Ginguro, Mr. Murphy served as President and CEO of TSX-listed Independent Nickel Corp. During his tenure with Independent Nickel Corp., Mr. Murphy identified the opportunity at the Lynn Lake nickel mine and guided that company from acquisition through to the pre-feasibility level over a four year period, culminating in the successful sale of the company. Prior to joining Independent Nickel, Mr. Murphy was employed as an executive with Wallbridge Mining Company Limited. Mr. Murphy holds a B.Sc. in geology from the University of Western Ontario and an Honours diploma in geology from Laurentian University.

Manitou also announces that Mr. Wayne Whymark has resigned from the Board of Directors and Mr. Murphy has been appointed as a Director of the Company, both with immediate effect. The company wishes to thank Mr. Whymark for his efforts over the past six years.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Manitou, including, but not limited to the receipt of applicable shareholder approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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