Manicouagan Minerals Reports Transfer of Shares and Acquisition of Warrants by Insider

In accordance with regulatory requirements, Manicouagan Minerals Inc. (TSX
VENTURE:MAM) announces that The JVC Trust, a family trust related to Mr. Donald
K. Johnson, a director of the Company, transferred beneficial ownership of all
1,751,393 common shares of the Company owned by it on June 22, 2011 to Mr.
Johnson personally. The transaction was effected through the facilities of The
TSX Venture Exchange at a price of $0.12 per share. In addition, Mr. Johnson
acquired on June 22, 2011 on the OTC market 400,000 warrants of MAM, each
exercisable for one common share, for $0.05 per warrant. The purpose of the
transactions is family estate planning. Following the transactions, Mr. Johnson
beneficially owns 1,751,393 common shares and 400,000 warrants, representing in
the aggregate 11.8% of the outstanding common shares of the Company assuming
exercise of warrants. This press release is issued in accordance with regulatory
requirements.


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.