SNAP SHOT: Location: Ontario Ownership: Option to earn up to 70% interest Commodities: Gold Latest News: Mar 9, 2010: Manicouagan Minerals Inc.: Pickle Lake Gold Properties-Priority Anomalies Identified at Pickle Lake East

Technical Report: NI 43-101 Technical Report on the Pickle Lake Properties


Location, Exploration History, and Mineral Potential

The Pickle Lake gold properties are located in the Pickle Lake Greenstone Belt, part of the prolific Uchi Geological Subprovince having historically produced over 30 million ounces of gold. The Pickle Lake gold properties consist of three non-contiguous claim groups (Pickle Lake East, Kasagiminnis, and Dorothy-Dobie) that collectively cover an area of approximately 7,741 hectares (77.41 square kilometres).

The Pickle Lake area includes four well-known high-grade past producing mines:

• Golden Patricia (0.45 M oz at 19.9 gpt Au)
• Dona Lake (0.21 M oz at 8.6 gpt Au)
• Central Patricia (0.65 M oz at 12.0 gpt Au)
• Pickle Crow (1.45 M oz at 16.1 gpt Au)

The Pickle Lake East Property adjoins the past producing Pickle Crow Property that is currently being evaluated by PC Gold Inc. The claims were acquired to cover an area believed to host the possible extension of the gold bearing trend that includes the Central Patricia and Pickle Crow Mines.

The Dorothy-Dobie Property covers the northwest extension of the gold bearing structure that hosts the past producing, high-grade, Golden Patricia Mine and includes several gold prospects which contain non NI 43-101 compliant gold resources. Drilling in late 2007 by Trillium North Minerals to test for the extension of the Golden Patricia Vein, returned values including 153.5 grams per tonne gold (4.48 ounce per ton) over a drilled width of 0.43 metres (see Trillium North Minerals Ltd. press release dated December 19, 2007).

Previous work on the Kasagiminnis Property has outlined a gold bearing iron formation with a strike length of over 500 metres. Historical drill results included 19.9 grams per tonne gold over 1.4 metres and 48.0 grams per tonne gold over 1.3 metres from hole KAS-87-6. These results are based on public records and have yet to be verified by a Qualified Person on behalf of Manicouagan.

Project Maps

Dobie Zone Section 750 NW 55 KB, approx. 11 seconds at 56.6Kbps	Dobie Long Section 294 KB, approx. 56 seconds at 56.6Kbps	Dorothy Main Zone Long Section 292 KB, approx. 55 seconds at 56.6Kbps
Pickle Lake East, IP Resistivity Survey over Favourable Structure 294 KB, approx. 56 seconds at 56.6Kbps

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