Manicouagan Provides an Exploration Update on Its Pickle Lake Gold Properties

Manicouagan Minerals Inc. (TSX VENTURE:MAM) is pleased to provide this
exploration update.


Pickle Lake Gold Properties, Ontario - Kasagiminnis Lake Gold Property

The Company has received all of the assay results from the recently completed
diamond drill program on its Kasagiminnis Lake Gold Property, located
approximately 25 kilometres southwest of the past producing Dona Lake Mine,
south of Pickle Lake, Ontario.


The Phase 2 drill program was designed to test for the down-dip extension of the
encouraging results from the Phase 1 drill program carried out earlier this year
(see MAM Press Release dated June 1, 2011 ). In the latest program, four holes
totalling 1,019 metres were completed to their planned depth.


The results confirm that the down dip extension of the mineralized zone
intersected near surface continues to approximately 225 metres and remains open
at depth.


Manicouagan's 2011 Phase 1 and Phase 2 drilling programs concluded with 11 holes
totalling 1,952 metres reaching their targeted depth to test a 250 metre
interval along the 1,300 metre long gold bearing zone previously outlined by
Moss Resources and Power Exploration Inc. in the mid to late 1980's. Three holes
were abandoned due to ground conditions.


Assay results greater than 2.50 grams per tonne ("g/t") from the Phase 1
drilling program have been rerun using a gravimetric finish. All results from
the two phase drilling program, both fire assay "AA" and Gravimetric "Grav", are
presented in the tables below.




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                  Kasagiminnis Lake Phase One Drill Results                 
                                                                            
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Hole         From (m)            To (m)  Length (m) Au gpt AA   Au gpt Grav.
KAS-11-01       116.7             127.8        11.1      2.82           2.76
incl.           120.7             125.7         5.0      4.55           4.45
KAS-11-02                hole abandoned                                     
KAS-11-03                hole abandoned                                     
KAS-11-04       126.1             134.0         7.9      6.60           7.24
incl.           126.1             128.0         1.9     12.86          12.70
KAS-11-05        67.5              70.5         3.0      2.52           2.21
and              75.5              77.5         2.0      5.20           6.02
KAS-11-06        63.5              64.5         1.0      4.21           3.79
and              98.3              99.7         1.4      6.24           7.05
KAS-11-07        27.7              51.7        24.0      0.69           0.83
incl.            27.7              28.5         0.8      6.95           8.94
KAS-11-08        71.3              93.0        21.7      1.85           1.91
incl.            72.3              74.8         2.5      4.60           5.70
and              83.6              87.0         3.4      4.49           4.78
KAS-11-09        49.5              57.5         8.0      2.91           2.79
incl.            49.5              51.3         1.8      4.73           5.22
and              54.2              55.7         1.5      5.80           5.62
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note: true widths are currently estimated at 50-80% of drilled widths       
                                                                            
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                   Kasagiminnis Lake Phase 2 Drill Results                  
                                                                            
----------------------------------------------------------------------------
                                                                            
Hole            From (m)         To (m) Length (m)  Au gpt AA   Au gpt Grav.
KAS-11-10                hole abandoned                                     
KAS-11-11          229.7          230.7        1.0       5.64           4.88
KAS-11-12          231.0          232.0        1.0       2.64           2.12
KAS-11-13          204.3          205.3        1.0       2.07             NA
KAS-11-14          233.8          234.8        1.0       5.85           3.62
and                240.0          241.0        1.0       6.21           6.80
----------------------------------------------------------------------------
note: true widths are currently estimated at 50-65% of drilled widths       



A longitudinal section of the Kasagiminnis Lake gold zone showing the location
of Manicouagan's drill holes is attached.


To view the figure associated with this release, please visit the following link:

http://media3.marketwire.com/docs/mani.pdf.

Pickle Lake Gold Properties, Ontario - 100% Owned Dona Lake Property

The Company has contracted Fugro Airborne Surveys Corp. to fly a helicopter
borne HELITEM Time Domain electromagnetic and magnetic survey with a 125 metre
flight line spacing over its 100% owned Dona Lake Property, located 10
kilometres southeast of the town of Pickle Lake. The Dona Lake Property adjoins
Goldcorp's Dona Lake Mine, which between 1989 and 1994 was operated by Placer
Dome and produced approximately 250,000 ounces from 0.94 million Manicouagan
Minerals Press Release September 13, 2011 tonnes of ore. The survey is expected
to commence in mid September. 


The results from the drilling program at Kasagiminnis Lake are being reviewed
and together with the results of the airborne survey at Dona Lake will be used
to develop Manicouagan's winter exploration program for its Pickle Lake Gold
properties.


Manicouagan holds directly, or under option, approximately 132 square kilometres
within the Pickle Lake Greenstone Belt consisting of 11 strategically located
properties. Manicouagan has earned a 51 percent interest in the Kasagiminnis,
Dorothy-Dobie Lake and Pickle Lake East gold properties and is increasing its
interest to 70 percent in these gold properties by incurring the next $1.5
million of exploration expenditures (see MAM Press Release dated April 15,
2010).


Qualified Person

Exploration programs on Manicouagan's Pickle Lake Gold Projects are carried out
under the supervision of Mr. Bruce W. Mackie, P. Geo. Mr. Mackie, a professional
geologist, has reviewed and verified the technical content of the information
contained in this release and qualifies under the definition of "Qualified
Person" set out in National Instrument 43-101.


Sample Preparation, Analyses and Security

The assay and sample information as well as geological descriptions are taken
from drill logs as prepared by the project geologists for the drill program. All
drill cores are BTW in size and assays are completed on sawed half -cores, with
the second half of the core kept for future reference. The samples are put into
rice bags which are sealed with security locks for shipping directly to
Accurassay Laboratories, an accredited assay laboratory, in Thunder Bay,
Ontario. The samples are analysed using standard fire assay procedures with an
AA/ICP finish. Assay results greater than 2.50 grams per tonne were rerun using
a gravimetric finish. In addition to the standard quality control of the
laboratory, a series of blanks and standards are inserted in every shipment for
quality control purposes.


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, and the Mouchalagane Nickel/Copper/PGE and HPM/Forgues
Nickel/Copper/Cobalt projects in Quebec.


Additional information about Manicouagan and its exploration projects 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.