Manicouagan Minerals Inc. (TSX VENTURE:MAM) is pleased to report final assay
results from the recently completed diamond drill program on the Dorothy-Dobie
Lake Property located in the Pickle Lake area, in northwest Ontario.


Manicouagan recently completed a sixteen hole (2,292 metre) diamond drilling
program on the Dorothy-Dobie Lake Property. Seven holes (DOR-09-01 to 07) were
drilled on the Dorothy Main Zone while nine holes (DOB-09-08 to 16) tested the
Dobie Zone (see MAM Press Release dated November 18, 2009). Initial assays
included 1.8 metres grading 5.15 gpt gold (DOR-09-05) from the Dorothy Main Zone
and 2.7 metres grading 5.65 gpt gold (DOB-09-10) from the Dobie Zone (see MAM
press release dated January 6, 2010). Tables setting out the significant assay
results from the drill program as well as longitudinal sections for the Dorothy
Main and Dobie Zones are attached and are also available for review at
www.manicouaganminerals.com.


The 2009 drill program was successful in identifying a potential bulk tonnage
gold exploration target at the Dobie Zone. Diamond drill holes DOB-10, 11, 13
and 14 encountered broad zones of gold mineralization. Hole DOB-09-10 assayed
20.0 metres grading 1.52 gpt gold including 2.7 metres grading 5.65 gpt gold.
Hole DOB-09-11 drilled 50 metres down dip of hole DOB-09-10, assayed 31.5 metres
grading 1.39 gpt gold including 1.5 metres grading 6.48 gpt gold. Approximately
100 metres to the northwest, hole DOB-09-13 returned 33.2 metres grading 1.04
gpt gold including 1.0 metre grading 6.27 gpt gold and 2.0 metres grading 4.34
gpt gold. Hole DOB-09-14 intersected the mineralized zone 25 metres down dip of
hole DOB-09-13 and returned 27.9 metres averaging 1.53 gpt gold including 2.0
metres grading 5.64 gpt gold.


The Dobie Zone is characterized by a strong alteration (carbonate-silica)
package hosted within mafic volcanics. The zone of gold bearing mineralization
has now been traced by Manicouagan for approximately 180 metres along strike and
to a depth of 100 metres. It remains open at depth and to the northwest.


The Dorothy-Dobie Lake Property consists of a contiguous block of 19 staked
claims totalling 31.72 square kilometres. The property ties onto the western
boundary of the historical Golden Patricia Mine property (which produced 0.50
million ounces at 19.9 gpt gold) and extends for approximately 12 kilometres to
the northwest covering the projected strike extension of the favourable gold
bearing structure - the Golden Patricia Mine Trend.


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.) Since April
2009, Manicouagan has developed a significant land position in the Pickle Lake
area of over 132 square kilometres in a proven, but underexplored gold mining
camp.


Manicouagan's President and CEO, Joseph Baylis stated, "The positive results
from this initial drill program and the identification of a potential bulk
tonnage exploration target at the Dobie Zone demonstrate the strong potential of
the Dorothy-Dobie Lake Property. We are currently developing plans for follow up
drilling and exploration on the Dobie Zone and elsewhere on our significant land
holdings in the Pickle Lake gold camp."


Consultations continue with the First Nations in the Pickle Lake Area
(Mishkeegogamang, Slate Falls and Cat Lake) regarding Manicouagan's planned
exploration activities.


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 NQ in size and assays are completed on split or 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 1.00 gram per tonne are 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.


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.


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 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.


Significant results from the 2009 drill program are given in the tables below.



---------------------------------------------------------------
                         Dorothy Main Zone
                Summary of Significant Intersections
---------------------------------------------------------------
Hole           From (m)              To (m)  Length (m)  Au gpt
---------------------------------------------------------------
DOR-09-01(i)      59.5                62.5         3.0     2.88
---------------------------------------------------------------
DOR-09-02(i)      81.7                82.2         0.5     5.09
---------------------------------------------------------------
DOR-09-03                       no significant values
---------------------------------------------------------------
DOR-09-04(i)                    no significant values
---------------------------------------------------------------
DOR-09-05(i)      53.5                55.3         1.8     5.15
---------------------------------------------------------------
DOR-09-06(i)      74.0                75.0         1.0     7.49
---------------------------------------------------------------
DOR-09-07         64.0                65.0         1.0     3.12
---------------------------------------------------------------
 and              87.0                87.7         0.7     4.06
---------------------------------------------------------------

---------------------------------------------------------------

                         Dobie Zone
                Summary of Significant Intersections
---------------------------------------------------------------
Hole           From (m)              To (m)  Length (m)  Au gpt
---------------------------------------------------------------
DOB-09-08         49.5                49.8         0.3     3.14
---------------------------------------------------------------
DOB-09-09                      no significant results
---------------------------------------------------------------
DOB-09-10         88.0               108.0        20.0     1.52
---------------------------------------------------------------
 incl.(i)         92.7                95.4         2.7     5.65
---------------------------------------------------------------
 and             111.4               112.2         0.8     5.27
---------------------------------------------------------------
DOB-09-11        102.5               134.0        31.5     1.39
---------------------------------------------------------------
 incl.           132.5               134.0         1.5     6.48
---------------------------------------------------------------
DOB-09-12(i)      35.0                45.4        10.4     1.86
---------------------------------------------------------------
 Incl.(i)         38.8                40.0         1.2     4.92
---------------------------------------------------------------
 and(i)           44.0                45.4         1.4     4.62
---------------------------------------------------------------
DOB-09-13         26.1                34.0         7.9     0.90
---------------------------------------------------------------
 and(ii)          49.0                82.2        33.2     1.04
---------------------------------------------------------------
 incl.(i)         49.0                50.0         1.0     6.27
---------------------------------------------------------------
 and(i)           62.6                64.6         2.0     4.34
---------------------------------------------------------------
DOB-09-14         63.0                90.9        27.9     1.53
---------------------------------------------------------------
 Incl.            77.0                79.0         2.0     5.64
---------------------------------------------------------------
DOB-09-15         67.6                70.6         3.0     2.21
---------------------------------------------------------------
                  74.0                77.0         3.0     1.89
---------------------------------------------------------------
DOB-09-16        101.0               109.5         8.5     2.00
---------------------------------------------------------------
Note: True widths are currently estimated at 60-85% of drilled 
      widths
(i)Previously reported, January 6, 2010
(ii)Updated from previous release, January 6, 2010



To view the figures accompanying this release, please click on the following links: 

http://media3.marketwire.com/docs/ManicouaganMineralsInc.fig1.pdf

http://media3.marketwire.com/docs/ManicouaganMineralsInc.fig.2.pdf
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