Manicouagan Completes Share Consolidation

Manicouagan Minerals Inc. (TSX VENTURE:MAM) announced today that it has received
TSX Venture Exchange approval for the consolidation of the Company's issued and
outstanding Common Shares on the basis of one (1) new Common Share for every ten
(10) Common Shares presently issued and outstanding. Manicouagan's Common Shares
will begin trading on a consolidated basis on the TSX Venture Exchange on
Tuesday, June 21, 2011.


A new Cusip number of 56323R508 replaces the old Cusip number of 56323R102 to
distinguish between the pre and post-consolidated shares. Manicouagan's name and
trading symbol will remain unchanged. Following completion of the Common Share
consolidation, the Company will have approximately 17.85 million Common Shares
issued and outstanding.


About Manicouagan

Manicouagan Minerals Inc. is a Canadian based exploration company focused on
advancing its gold projects in the Pickle Lake Gold Belt, Ontario. Manicouagan
also has a pipeline of commodity projects including the Brabant Lake Zinc
deposit in Saskatchewan, together with the Mouchalagane Nickel/Copper/PGE
project and the HPM/Forgues Nickel/Copper/Cobalt project, both in Quebec.
Additional information about the company can be found at
www.manicouaganminerals.com.


Une traduction francaise de ce communique de presse est disponible a
www.manicouaganminerals.com.


Forward Looking Statements

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.