Manitou Gold Inc.
TSX VENTURE : MTU

Manitou Gold Inc.

December 12, 2013 09:30 ET

Manitou Gold Inc. Announces Gaffney Channel Results of 74.3 g/t Au

SUDBURY, ONTARIO--(Marketwired - Dec. 12, 2013) - Manitou Gold Inc. (TSX VENTURE:MTU) ("Manitou" or the "Company") announces the receipt of channel sample assay results from the recently completed work program on the Gaffney Patents Project. The purpose of the program was to complete a comprehensive sampling program on trenches previously sampled by Sylvanite Gold Mines Ltd. in 1943, and to establish the distribution of gold mineralization in the different rock units. Channel samples were collected from some of the historical trenches and from two new areas exposed by the Company within the vicinity of the historical Gaffney Shaft.

The majority of the 172 cut channel samples (136 metres) returned anomalous gold values >0.05 g/t Au with assays ranging between 0.01 g/t Au to 74.30 g/t. Highlights of the channel sampling program are included in Table 1, and demonstrate the widespread nature of high grade gold mineralization.

Table 1:

Sample No. Zone Width(m) Au (g/t)
N499670 Pit Bull 0.5 74.3
N499724 Handsteel 0.5 25.4
N499718 Handsteel 1 22
N499662 Pit Bull 0.5 20.6
N499725 Handsteel 1 20.6
N499775 Shaft Trench 0.75 14.2
N499681 Pit Bull 1 13.3
N499691 Pin 0.5 13.3
N499821 Shaft Trench 0.6 10.75
N499822 Shaft Trench 0.5 10.7
N499673 Pit Bull 0.8 10.35
N499832 Tick Tock 1 10.25
N499654 Pit Bull 0.75 9.26
N499786 Shaft Trench 0.75 9.17
N499831 Tick Tock 1 7.73
N499761 Vein Trench 0.75 7.69
N499719 Handsteel 1 7.52
N499716 Handsteel 1 7.4
N499661 Pit Bull 1 7.06
N499672 Pit Bull 1 6.03
N499674 Pit Bull 1 5.77
N499658 Pit Bull 0.5 5.53
N499749 Vein Trench 0.5 5.14

Complete table of assays can be found on the Company's website (http://manitougold.com/projects/gaffney-extension/results/)

Maps of the individual trenches noting the channel and grab sample results are available on the Company's website. (http://manitougold.com/projects/gaffney-extension/maps )

The sampling results demonstrate gold mineralization occurring in a number of different rock units. Geological mapping suggests mineralization trends in a north-south orientation in addition to the more commonly interpreted east-west trends. Geological mapping of newly exposed areas has identified structural complexity whereby strong evidence of folding of the north-south trending QFP dike has been uncovered in the newly exposed Shaft Trench. Channel sampling of this Quartz Feldspar Porphyry dike demonstrates anomalous gold values throughout its entirety, with high grade gold results identified along the contacts of the dike.

Todd Keast, the President and CEO of Manitou commented, "The current sampling and mapping program has provided a better understanding of the structural and mineralogical controls on gold mineralization and has confirmed not only the structural complexity of the Gaffney Patents Property, but also the potential for a number of gold focusing structures that have not been previously evaluated. The presence of gold mineralization within the Quartz Feldspar Porphyry (QFP) dike and along the contacts of the dike with the surrounding diorite intrusion and mafic volcanic rocks make the main north-south trending QFP dike near the Gaffney shaft, as well as other north-south trending QFPs located across the property are extremely favorable exploration targets."

Todd Keast, P. Geo., is the Qualified Person as defined under NI 43-101 who has reviewed and is responsible for the technical information presented in this news release.

Manitou is a Canadian exploration company with a 150 square kilometre land package of highly prospective gold properties located in the historical Gold Rock District, in Northwestern Ontario. This under-explored area has a very attractive geological setting hosting 61 known gold occurrences including three past producing mines (Big Master, Laurentian and Elora). Until recently, the area has remained relatively untouched by modern-day exploration, pointing to excellent discovery potential over this large land package.

The Company has implemented a quality control program to ensure best practice in sampling and analysis. Assayed samples are transported in security sealed bags for preparation and analysis at ALS Chemex facilities. ALS Chemex is an ISO 9001-2000 and ISO 17025 registered laboratory. Samples were analyzed for gold by 50-gm fire assay with AA finish and by gravimetric methods. Samples with visible gold are assayed by screened total metallics.

For further details about the Company's projects please visit the Manitou website at www.manitougold.com.

Statements in this release that are forward-looking statements are subject to various risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates and that the resource potential will be achieved on exploration projects, currency fluctuations, dependence upon regulatory approvals, the uncertainty of obtaining additional financing and exploration risk. Readers should also refer to the specific factors disclosed under the heading "Risk Factors" in the Company's filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

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.

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