Manicouagan Reports on the Annual and Special Meeting of Shareholders Held June 8, 2011

   Manicouagan Minerals Inc. (TSX VENTURE: MAM) announced today that all proposed resolutions were approved at the Company's Annual General and Special Meeting of Shareholders.

Board Members Re-elected

Messrs Douglas A.C. Davis, Jacques R. Beauregard, Donald K. Johnson, Vahan Kololian, Joseph Baylis, W. Brian Carter and Claude Britt where elected to the Board of Directors of the Company.

Mr. Constantine Salamis, formerly Vice-Chairman of the Company, did not stand for re-election to the Board of Directors. Manicouagan thanks Mr. Salamis for his contributions as a founding Director and first President of the Company, and wishes him success in his future endeavours.

Share Consolidation

Manicouagan's shareholders approved that the issued and outstanding Common Shares in the capital of the Corporation be consolidated on the basis of one (1) new Common Share for every ten (10) Common Shares presently issued and outstanding (the "Consolidation") and to amend the articles of the Corporation accordingly. The Board will proceed to give effect to the consolidation as quickly as possible subject to TSX Venture Exchange and regulatory approvals.

The resolution to approve the Consolidation of the Company's shares was approved by 90 percent of the shareholders voting of the meeting.

Auditors and Stock Option Plan

The shareholders also approved resolutions in respect of the reappointment of the Company's Auditors and the renewal of the Stock Option Plan.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contacts: Manicouagan Minerals Inc. Joseph Baylis President and Chief Executive Officer [phone] Manicouagan Minerals Inc. Andreas Curkovic Investor Relations [phone] [e-mail] www.manicouaganminerals.com