Manicouagan Reports Results From Brabant Lake Drilling: Assays Up to 10.90% Zinc Over 5.34 Metres and 62.52 Grams Per

TORONTO, ONTARIO, Jan 15 (MARKET WIRE) --
Manicouagan Minerals Inc. (TSX VENTURE: MAM) announced today additional
encouraging assay results from the Phase II drilling program currently
underway on its wholly owned Brabant Lake zinc deposit. Assays have been
received for drill holes BR-07-38, BR-07-39, and BR-07-40.

All three drill holes intersected the targeted Lower Zone. The Lower Zone
in drill-hole BR-07-40 assayed 9.91% Zn, 1.05% Cu and 40.88 g/t Ag over
4.32 metres. Drill hole BR-07-40 also intersected three discrete zones of
the Upper Zone. These zones aggregate 9.78 metres and include one zone of
5.50 metres assaying 5.43% Zn from 377.98 to 383.48 metres down hole.

The Lower Zone in drill hole BR-07-39 returned 15.99% Zn over 1.81
metres. This hole also intersected two discrete portions of the Upper
Zone. The lowermost of these returned 10.90% Zn over 5.34 metres. Drill
hole BR-07-39 also intersected the Hanging Wall Zone which assayed 6.39%
Zn over 2.52 metres.

Drill hole BR-07-38 returned the highest value silver intercept of the
three holes assaying 62.52 g/t Ag, 5.91% Zn and 1.99% Pb over 2.07 metres
within the Lower Zone. At Brabant Lake silver rich portions of the
deposit are characteristically associated with galena, a lead sulphide.

These results continue to support the objective of the current program
which is designed to expand the known limits of the Lower Zone in order
to calculate a revised resource estimate in early 2008.

Assay Results for drill holes BR-07-38, BR-07-39 and BR-07-40 are set out
in the table below.

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Hole Zone Length Zn Cu Pb Ag Au
ID ID(i) From To (ii)(m) (%) (%) (%) (g/t) (g/t)
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BR-07-38 UZ 180.46 181.47 1.01 9.19 0.89 0.02 13.21 0.10
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LZ 207.15 209.22 2.07 5.91 0.49 1.99 62.52 0.21
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BR-07-39 HWZ 304.51 307.03 2.52 6.39 0.39 0.07 16.82 0.02
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UZ' 317.65 321.61 3.96 5.05 0.44 1.14 46.44 0.27
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UZ' 335.09 340.43 5.34 10.90 0.67 0.39 38.36 0.15
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LZ 378.43 380.24 1.81 15.99 0.55 0.04 24.09 0.38
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BR-07-40 UZ' 363.00 365.99 2.99 4.53 0.48 0.04 19.85 0.13
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UZ' 372.53 373.82 1.29 7.08 0.37 0.03 12.78 0.00
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UZ' 377.98 383.48 5.5 5.43 0.36 0.62 28.11 0.01
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LZ 390.02 394.34 4.32 9.91 1.05 0.13 40.88 0.01
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(i) Hanging-wall Zone (HWZ), Upper Zone (UZ), Lower Zone (LZ),
Footwall Zone (FWZ)
(ii) down-hole length approximately 85% true width
' Separate units of mineralization with geological features
characteristic of Upper Zone mineralization

Drilling at Brabant Lake resumed on January 08, 2008 with the
commencement of BR-08-41, for which assays are pending. To date
Manicouagan Minerals has drilled a total of 40 holes at Brabant Lake
totaling, some 13,000 metres.

A sketch showing drill hole locations can be found at this link:
http://www.ccnmatthews.com/docs/mam0115map.pdf. A table of drill results
to date as well as additional information on the project, including a NI
43-101 Technical Report prepared by MPH Consulting Ltd and filed with the
Company's filings at www.sedar.com, is available on the Company's website
at www.manicouaganminerals.com.

The Brabant Lake property consists of 21 contiguous claims registered as
ML 5054 and is located immediately east of Highway 102 some 175 km from
the all services community of La Ronge, Saskatchewan.

Exploration programs are being carried out under the supervision of Rod
Thomas, Vice President - Exploration of the Company. Mr. Thomas, a
professional geologist, has reviewed and verified the technical content
of this press release on behalf of Manicouagan Minerals and is a
"Qualified Person" as defined in National Instrument 43-101. Manicouagan
employs 43-101 compliant QA/QC procedures at all points in the sampling,
handling, storage and shipment of samples. Blind standards and blanks are
inserted into the sample sequence in the field. Analytical services are
provided by TSL Laboratories of Saskatoon, Saskatchewan. Samples are
crushed, riffle split and pulverized to yield a 250 gram pulp with
approximately 95% -150 mesh. Ag, Cu, Pb and Zn assay is by multi-acid
digestion; samples for Ag (g/tonne) and base metals (%) are weighed at
0.5 g. Samples for Au fire assay/gravimetric are weighed at 1 AT (29.16
g). Details on analytical techniques employed by TSL Laboratories may be
found on the laboratories' website at www.tsllabs.com.

APPOINTMENT OF NEW DIRECTOR

Manicouagan is pleased to announce that W. Brian Carter, B.A,Sc., CA, CFA
has joined Manicouagan's Board of Directors. Mr. Carter is a senior
management investment professional with over 40 years experience in the
investment industry, specializing in the resource sector. Following an
early career as a mining engineer he entered the financial services
industry and has held senior management and research positions with a
number of major financial management organizations including Clarkson
Gordon and Company (now Ernst and Young), Loewen, Ondaatje, McCutcheon &
Company Ltd. ("LOM"), Stuart Investment Management Ltd., Jones Heward
Investment Management Inc, and Legg Mason Canada Inc.

At LOM he was Head of Research and Portfolio Strategy, leading a team of
analysts serving an international client base of financial institutions,
and involved in that organization's Corporate Finance Department
specializing in transactions in the precious metals and resource industry.

Mr. Carter is currently a Senior Portfolio Manager for Sceptre Investment
Counsel Ltd.

Pursuant to the Company's Stock Option Plan, Mr. Carter has been granted
100,000 options having an exercise price equal to the closing price of
Manicouagan common shares on the TSXV on January 15, 2008. The options
have a term of five years and will expire on January 14, 2013.

Mr. Carter replaces Patrick J. Mars who has stepped down from the Board
of Directors to fulfill other business commitments. Manicouagan thanks
Mr. Mars for his contributions as a founding Director and is pleased to
note that he will remain available to Manicouagan as an Advisor.

Manicouagan Minerals Inc. is a Canadian based exploration company with a
diversified portfolio of properties including the Brabant Lake Zinc
deposit in Saskatchewan and the Mouchalagane Nickel/PGE project in Quebec.

Additional information about Manicouagan Minerals and its exploration
projects can be found at 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.

TSXV has not reviewed this news release and does not accept
responsibility for the adequacy or accuracy of this news release. The
TSXV has neither approved nor disapproved the contents of this news
release.

Contacts:
Manicouagan Minerals Inc.
Joseph Baylis
President and Chief Executive Officer
(416) 542-3980
Email: investorrelations@manicouaganminerals.com
Website: www.manicouaganminerals.com

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