Manicouagan Commences Drilling at Mouchalagane Nickel/Copper/PGE Property

TORONTO, ONTARIO, Jun 19 (MARKET WIRE) --
Manicouagan Minerals Inc. (TSX VENTURE: MAM) announced today that diamond
drilling on the Company's Mouchalagane Nickel/Copper/PGE property has
commenced. Mouchalagane is one of several properties within the Company's
portfolio of Mid-North Quebec nickel properties.

Initially, the 2008 drilling program will test the projected down dip
extension of the mineralized zone that was intersected in the 2007
drilling campaign in the vicinity of the Bob showing. In 2007, diamond
drilling encountered impressive nickel-copper-PGE mineralization of up to
1.78% Ni, 0.49% Cu, 2.11 g/t Pt and 6.47 g/t Pd over a 2.04 metre
interval (DDH MCH-07-17) at shallow depths. Significant Rhodium and
Ruthenium values were also encountered during the 2007 drilling program.
Sample 151082 consisting of 0.26 metres of core (42.64 metres to 42.90
metres downhole) from DDH MCH 07-05 contains 1230 ppb (parts per billion)
rhodium and 1380 ppb ruthenium (1000 ppb equals 1 gram per tonne) in
addition to significant platinum and palladium values. (See Manicouagan
Press Releases of April 23, 2008, February 21, 2008 and January 29, 2008).

Drilling at Mouchalagane is expected to continue until mid July when the
drill will be moved to the HPM/Forgues property to follow-up on
significant Nickel-Copper mineralization that was intersected during a
program of limited drill testing by Rockwell Ventures in 2001-2002.
Unverified public records indicate drill intercepts of semi massive
sulphides assayed up to 2.74% Ni, 0.86% Cu and 0.20% Co over 5.95 metres
and broad intervals of disseminated sulphide mineralization assayed up to
0.53% Ni, 0.27% Cu and 0.04% Co over 28.60 metres. In total, Manicouagan
expects to complete approximately 6,000 metres of drilling during the
summer campaign.

Final results from the recently completed 6,400 line km AeroTEM II
(airborne electromagnetic and magnetic) survey (see press releases of May
14, 2008 and April 23, 2008) are pending although preliminary results
including datasets for priority areas have been received and are being
interpreted to indentify potential drill targets within the 247 km2
Mouchalagane property as well as at the 106 km2 HPM/Forgues property.
Priority targets will be prospected and reconnaissance grids established
in order to facilitate ground geophysical surveys prior to drill testing.

A sketch showing the location of Manicouagan's Mid-North Quebec
exploration properties is attached.

To view the sketch of Manicouagan's Mid-North Quebec exploration
properties, please visit the following link:

http://media3.marketwire.com/docs/_ccnmweb_NreUpload_1213820273742-Que-North
%20Properties_May08.pdf

Exploration programs on the Mouchalagane property are being carried out
under the direct supervision of Francois Bissonnette, P.Geo., Senior
Project Geologist for the Company's mid north Quebec Projects.

Rod Thomas, Vice President - Exploration of the Company, and 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 Minerals Inc. (TSX VENTURE: MAM) is a Canadian based
exploration company with a diversified portfolio of Canadian exploration
properties including the Brabant Lake Zinc/Copper deposit in Saskatchewan
and the Mouchalagane Nickel/Copper/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.

The 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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