Manicouagan Elects New Director at Annual General Meeting

MANICOUAGAN MINERALS INC.

Suite 501, 133 Richmond Street West Toronto, Ontario M5H 2L3 (416) 542-3980

News Release

MANICOUAGAN ELECTS NEW DIRECTOR AT ANNUAL GENERAL MEETING

TORONTO, MAY 27, 2010 – Manicouagan Minerals Inc. (TSX-V:MAM) is pleased to announce that Mr. Claude Britt has been elected to the Board of Directors. Mr. Britt brings significant exploration experience to the Board. Mr. Britt has been active in mineral exploration and production for over 35 years, and has been directly involved in several mineral discoveries including the Silidor mine in Rouyn Noranda, the Tulawaka and Buzwagi mines in Tanzania and the Pukakaka Sur deposit in Peru. He was formerly VP Exploration of Pangea Goldfields, which was taken over by Barrick Gold during his tenure in 2000. Mr. Britt has also worked with major companies including Iron Ore Company of Canada, Noranda and Aur Resources. He holds a Bachelor's Degree in Geology from the University of Western Ontario.

Mr. Britt replaces Elizabeth Martin who did not stand for reelection in order to fulfill other business commitments. Manicouagan thanks Ms. Martin for her contributions as a Director and is pleased to note that she will remain available to Manicouagan as a consultant.

A copy of the presentation made at the Annual General Meeting of Shareholders is available at www.manicouaganminerals.com.

Stock Options Granted

Pursuant to the Company’s Stock Option Plan, Mr. Britt has been granted 290,000 options. These options 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 May 27, 2015.

Manicouagan also confirms that the previously announced stock options granted to Mr. Andreas Curkovic an Investor Relations consultant pursuant to a consulting agreement dated April 7, 2010 have an exercise price of $0.10 per share. (see MAM Press Release dated April 13, 2010.)

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.

Additional information about Manicouagan and its exploration projects can be found at www.manicouaganminerals.com.

Une traduction française de ce communiqué de presse est disponible à www.manicouaganminerals.com.

For further information contact:

Joseph Baylis, President and Chief Executive Officer, Manicouagan Minerals Inc.

(416) 542-3980

or Andreas Curkovic, Investor Relations - (416) 577-9927 or [email protected]

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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.