Manitou Gold Inc. Applies to Extend Term of Warrants

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Manitou Gold Inc. (TSX VENTURE:MTU) ("Manitou") announces that it will make an
application to the TSX Venture Exchange (the "TSXV") to extend the term of its
Series 2011-I warrants for an additional year. An aggregate of 5,900,000 Series
2011-I warrants were originally issued on March 29, 2011 (the "First Tranche
Warrants") and are exercisable at $0.70 per share March 29, 2013, and an
aggregate of 227,039 Series 2011-I warrants (the "Second Tranche Warrants") were
originally issued on April 18, 2011 and are exercisable at $0.70 per share April
18, 2013, each subject to acceleration in certain circumstances as specified
therein (the "Acceleration Provisions"). Manitou is applying to extend the term
of the First Tranche Warrants to March 29, 2014, and the term of the Second
Tranche Warrants to April 18, 2014, each subject to the Acceleration Provisions.
The exercise price for the warrants will remain the same.


The warrant amendments have been approved by the board of directors of Manitou.
The warrant amendments remain subject to TSXV approval. 


Forward Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of
Manitou, including, but not limited to the impact of general economic
conditions, industry conditions, dependence upon regulatory approvals, the
availability of financing and exploration risk. Readers are cautioned that the
assumptions used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Manitou Gold Inc.
Todd Keast
President and Chief Executive Officer
705-222-8800
705-222-8801 (FAX)
[e-mail]