Manicouagan Minerals Inc. (TSX VENTURE: MAM) is pleased to announce that it has entered into an Investor Relations consulting agreement dated April 7, 2010 with Andreas Curkovic.

The consulting agreement provides for a monthly consulting fee of $5,000 plus GST and the issuance of 250,000 incentive stock options vesting quarterly over a period of twelve months. The options have a term of five years, but will expire 90 days following the termination of the agreement. The consulting agreement, which is subject to the approval to the TSX Venture Exchange, continues on a monthly basis but may be terminated on 30 days written notice.

Stock Options Granted

Manicouagan Minerals also announced today that its Board has approved the issuance of 3,200,000 options under the Company's Stock Option Plan. These options are being granted to directors, officers, consultants and employees of the Company, and are exercisable into common shares of the Company at a price of $0.10 per share. Subject to the rules of the TSXV and the Company's Stock Option Plan, the options have a term of five years and will expire on April 13, 2015.

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.

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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Manicouagan Minerals Inc. Joseph Baylis President and Chief Executive Officer (416) 360-3038 Andreas Curkovic Investor Relations (416) 577-9927 investorrelations@manicouaganminerals.com