Manicouagan Minerals Inc. (TSX VENTURE:MAM) is pleased to announce that a NI
43-101 Technical Report in respect of the Dorothy-Dobie Lake, Kasagiminnis and
Pickle Lake East properties located near Pickle Lake, Ontario has been received
and filed with the Company's regulatory filings on SEDAR (www.sedar.com). The
report was completed by G.A. Harron & Associates Inc., with an effective date of
August 31, 2009. A copy of the report can be viewed or downloaded from the
company's website at www.manicouaganminerals.com.


The Technical Report notes that on the Dorothy-Dobie Lake property exploration
activities during the 1970s and 1980s resulted in the discovery of six
significant gold occurrences and deposits that are located along strike from the
past-producing Golden Patricia Mine. The historic work also resulted in the
outlining of one gold deposit on the Kasagiminnis property.


Summary details of the more significant gold deposits are listed in the
following table.




----------------------------------------------------------------------------
                                 Grade Au
Deposit / Zone(i)       Tonnes       (g/t)   Year                  Reference
----------------------------------------------------------------------------
Dorothy Main           236,000       6.17    1990                 Seim, 1993
----------------------------------------------------------------------------
Dobie Lake             301,000        5.5    1987                 Seim, 1993
----------------------------------------------------------------------------
Kasagiminnis Lake    2,600,000       4.79    1988     Blackburn et. al. 1989
----------------------------------------------------------------------------

((i)The mineral resources reported above predate NI 43-101 and are not NI
 43-101 compliant. Manicouagan has not undertaken any independent
 investigations of the dimensions, quantity or grade of this gold
 mineralization and, therefore this historical data should not be relied
 upon.)



The report indicates that "the historical exploration results suggest an
excellent potential to discover additional gold mineralization and justify
additional exploration expenditures."


A phase 1 exploration program of $800,000 is proposed in the report. As
previously announced, Manicouagan will drill test portions of the Dorothy-Dobie
Lake property early in the fourth quarter of 2009. (See MAM Press Release dated
September 24, 2009.) Personnel and equipment are currently mobilizing and it is
expected that drilling will commence early next week.


The helicopter supported drill program will cost approximately $800,000 and will
consist of a minimum of 8 to 10 diamond drill holes designed to test selected
targets along the Golden Patricia Mine trend including the Dorothy Main and
Dobie Lake Zones.


Contingent upon favourable results being obtained in the phase 1 program, a more
comprehensive phase 2 program with a budget of $3,000,000 is proposed. In phase
2, the objective of the diamond drilling portion of the proposed work program
would be to further define the known zones of gold mineralization located on the
properties with a view towards identifying potential indicated and measured
resources. The geological mapping and geochemical surveying portions of the
budget would focus on the discovery of new gold occurrences.


In addition to the drill program at Dorothy-Dobie Lake, Manicouagan is planning
to carry out ground geophysical surveys on its Pickle Lake East property along
the extension of the gold bearing trend currently being explored by PC Gold Inc.
(see PC Gold Press Releases dated October 6th, and September 28th, 2009).


Updated Corporate Presentation Available

A new corporate presentation focusing on Manicouagan's Pickle Lake gold
properties can be viewed or downloaded from the company's website at
www.manicouaganminerals.com.


Manicouagan currently holds directly or has under option approximately 112
square kilometres within the Pickle Lake Greenstone Belt. The Pickle Lake
Greenstone Belt, is part of the prolific Uchi Geological Sub-province which
hosts the Pickle Lake, Red Lake and Rice Lake gold camps. Production to date,
from these camps has amounted to over 25 million ounces of gold. The Pickle Lake
Greenstone Belt includes four past producing mines: Pickle Crow (1,450,000
ounces grading 16.1 grams per tonne gold), Central Patricia (650,000 ounces
grading 12.0 grams per tonne gold), Golden Patricia (450,000 ounces grading 19.9
grams per tonne gold) and Dona Lake (200,000 ounces grading 8.6 grams per tonne
gold).


Manicouagan can earn up to a 70 percent interest in the Dorothy-Dobie Lake,
Kasagiminnis and Pickle Lake East properties pursuant to an option agreement
with Trillium North. (See MAM Press Release dated April 16, 2009.)


A sketch showing the location of the properties is available at
www.manicouaganminerals.com.


Manicouagan continues to consult with the Cat Lake, Mishkeegogamang and Slate
Falls First Nations with respect to its activities in the Pickle Lake Area.


Manicouagan's exploration programs in the Pickle Lake area are being carried out
under the direct supervision Bruce W. Mackie, P.Geo., a consulting geologist for
Manicouagan Minerals. Bruce W. Mackie, P.Geo., has reviewed and verified the
technical content of this press release on behalf of Manicouagan Minerals as has
the author of the NI 43-101 Technical Report, G. A. Harron P.Eng. Both are
"Qualified Persons" as defined in National Instrument 43-101.


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 HPM/Forgues Nickel/Copper/Cobalt project in
Quebec.


Additional information about Manicouagan Minerals 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.


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.
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