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HPM/Forgues Project continues to return significant nickel/copper/cobalt assays. Drill core from hole HPM-08-03 showing 43.18metres grading 1.74% nickel and 0.90% copper.

Manicouagan Minerals Inc. (TSXV:MAM) is a Canadian based exploration company with a diversified portfolio of quality exploration projects located in Quebec and Saskatchewan.

Key Projects:

• HPM/Forgues - Nickel/Copper/Cobalt, Quebec
• Mouchalagane - Nickel/Copper/PGE, Quebec
• Brabant Lake Zinc Deposit, Saskatchewan

QUEBEC
Mid-North Quebec
Growing Package of Base Metal - PGE Exploration Opportunities in Mid-Quebec

HPM/Forgues Nickel/Copper/Cobalt Property

• 2008 - completed 17 diamond drill holes for an aggregate of 3,388 metres (assay results pending for 13 holes)
• Best interval to date from drill hole HPM-03-08:
  • 43.18 metre interval grading 1.74% nickel, 0.90% copper and 904 ppm cobalt
• Ground geophysical Surveys - (HLEM and Mag) completed
• Ground truthing is ongoing (weather permitting)
• Diamond drilling program expected to resume in early 2009
• Located 160 kilometres east-southeast of Mouchalagane
• Priority exploration target!

• 2008 - completed 10 diamond drill holes for an aggregate of 1,770 metres
• Nickel, copper and PGE mineralization at the "Bob Showing" has now been traced by diamond drilling for approximately 200 metres along strike and to a depth of about 90 metres. The mineralization remains open along strike and partially at depth.
• Best interval to date from hole MCH-08-02:
  • 6.47 metre internal grading 0.89% nickel, 0.28% copper, 0.96 g/t platinum and 1.64 g/t palladium
• Results are pending for complete suite of PGEs (including Rhodium and Ruthenium)
• Diamond drilling in 2007 provided exceptional Platinum and Rhodium values with intercepts including:
  • 2.04 metres assaying 1.78% Nickel, 0.49% Copper, 2.11 g/t Platinum and 6.47 g/t Palladium, and;
  • values up to 0.99 g/t Rhodium and 1.08 g/t Ruthenium
• Eleven reconnaissance grids have been established over priority airborne electromagnetic anomalies (AEM) identified by the recently completed AeroTEM II Airborne survey
• Indication of strongly mineralized systems - confirmed by 2007 exploration diamond drilling
• Significant property wide potential
• Priority exploration target!

	Marketing in Montreal Date: October 8, 2008 For details or to arrange a meeting with Joseph Baylis, please contact Cathie Simon at cathie@grovecommunications.ca Quebec Exploration 2008 Date: November 24-27, 2008 Location: Chateau Frontenac, Quebec San Francisco Hard Assets 2008 Date: November 30-December 1, 2008 Location: San Francisco Marriott, SF