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SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES


Manicouagan Minerals Inc. (TSX VENTURE:MAM) ("Manicouagan" or the "Company") is
pleased to announce the closing of a private placement for gross proceeds of
$200,000 through the sale of 4,000,000 units (the "Units") at $0.05 per Unit to
Mr. Donald K. Johnson, a director of the Company. Each Unit will consist of one
common share and one common share purchase warrant. Each common share purchase
warrant will entitle the holder to acquire one common share of Manicouagan for a
period of 24 months from the date of closing of the private placement at a price
of $0.10 per share for the first 12 months and $0.12 per share for the second 12
months. If the common shares of Manicouagan trade at or above $0.18 per common
share for 21 consecutive trading days, then Manicouagan may accelerate the
expiration of the share purchase warrants upon not less than 30 days written
request.


In consideration for its services, Manicouagan has agreed to pay Canaccord
Financial Inc. a cash commission equal to 3% of the gross proceeds and to issue
options for Units (the "Option Unit") equal to 8% of the number of Units
subscribed for, at the price of $0.05 per Option Unit, with each Option Unit
consisting of one common share and one common share purchase warrant. Each such
common share purchase warrant will entitle the holder to acquire one common
share of Manicouagan for a period of 24 months from the date of closing of the
private placement at a price of $0.10 per share for the first 12 months and
$0.12 per share for the second 12 months. The Option Units will have a term of
24 months.


All securities issued in the private placement will be subject to a four-month
hold period expiring on August 8, 2010.


Immediately prior to the private placement, Mr. Johnson sold a total of
4,000,000 common shares of the Company through the facilities of the TSX Venture
Exchange. Mr. Johnson then purchased, pursuant to the private placement an
aggregate of 4,000,000 Units, for an aggregate purchase price of $200,000.


The TSX Venture Exchange has given its final acceptance of the financing.

Mr. Johnson, of Toronto, Ontario beneficially owns and controls and directs
17,513,939 common shares, representing 10.82% of the outstanding common shares
of the Company. After the disposition of a total of 4,000,000 common shares of
the Company through the facilities of the TSX Venture Exchange and the closing
of the private placement, Mr. Johnson will, upon the exercise of all common
share purchase warrants issued under the private placement, hold an aggregate of
21,513,939 (approximately 12.67%) of the issued and outstanding common shares of
the Company. The Units were purchased by Mr. Johnson for investment purposes
only and he may, depending on market and other conditions, increase or decrease
his beneficial ownership, control or direction over common shares or other
securities of the Company through market transactions, private agreements or
otherwise. A report will be filed on sedar.com in accordance with regulatory
requirements.


Manicouagan will use the net proceeds from the issuance of the Units for working
capital.


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.


The securities being issued have not, nor will they be, registered under the
United States Securities Act of 1933, as amended, and such securities may not be
offered or sold within the United States or to, or for the account or benefit
of, U.S. persons absent registration or an applicable exemption from U.S.
registration requirements.


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.