Manicouagan Minerals Inc.
TSX VENTURE : MAM

Manicouagan Minerals Inc.

January 26, 2007 09:26 ET

Press Release of Donald K. Johnson-With Respect to the Shares of Manicouagan Minerals Inc.

TORONTO, ONTARIO--(CCNMatthews - Jan. 26, 2007) - Pursuant to securities regulatory requirements,
Donald K. Johnson, a director and insider of Manicouagan Minerals Inc. (TSX VENTURE:MAM) (the "Corporation") announced today transactions involving outstanding common shares of the Corporation over which he has direction. The completion of these transactions today will not result in a change to the aggregate number of common shares of the Corporation that Mr. Johnson owns or over which he has control or direction immediately prior to the transactions.

Yesterday, Vyco Limited, a company of which Mr. Johnson is President and a director and that is held for the benefit of his children, donated 1,666,667 common shares of the Corporation, representing 1.74% of the issued common shares of the Corporation, to the United Way of Greater Toronto. Today, JVC Trust, a trust of which Mr. Johnson is trustee and his children are beneficiaries, completed the purchase of the same number of common shares of the Corporation over the TSX Venture Exchange. On December 21, 2006, similar transactions were undertaken, consisting of a donation by Mr. Johnson of 1,800,000 common shares of the Corporation, followed by the purchase by JVC Trust of the same number of common shares of the Corporation over the TSX Venture Exchange. These purchases by JVC Trust were effected for general investment purposes.

Further to the completion of the transactions today, Mr. Johnson continues to own or exercise control or direction over 13,861,549 common shares of the Corporation, representing 14.48% of the issued common shares of the Corporation, as well as options to purchase an additional 435,000 common shares of the Corporation.

Contact Information

  • Mr. Donald K. Johnson
    (416) 359-4119