MTU Manitou Gold Inc

Manitou Gold Inc. (TSX VENTURE:MTU) ("Manitou" or the "Company") announces that
a 5,000 metre diamond drilling program has commenced on the Elora Project
located in northwestern Ontario. The project was optioned from Seafield
Resources Ltd. in 2012, with the Company completing a detailed re-interpretation
of previous exploration work and a mechanical trenching and mapping program in
the fall of 2012. (See news release November 29, 2012)


The Elora Property, which lies adjacent to Manitou's Kenwest and Canamerica
properties, hosts two past producing gold mines, the Laurentian and the Elora
(Jubilee). The Laurentian Mine was the largest producer in the historical
Goldrock Camp and operated between 1903 and 1909. Gold production was reported
at a grade of 0.4 oz/t Au (14.0 g/t Au). (Blackburn, C.E. 1981 Ontario
Geological Survey Report 202). 


Todd Keast, President and CEO of Manitou, commented "The re-interpretation of
the previous drilling on the Elora property has identified six closely spaced
parallel shear structures within the Elora (Jubilee) mine area. Based on our
experience drilling the adjacent Kenwest property, the presence of a large
number of parallel trending shear structures could be indicative of substantial
mineralization in the Elora (Jubilee) mine area. A structural geologist is
currently on site to assist us with the interpretation of the structural
components of the project. The combined holdings of the Kenwest and the Elora
properties encompass an 800 metre wide zone with a number of highly prospective
gold bearing structures. A 4.5 kilometre long section of favorable structures
hosts three past producing mines and nine other shafts with unreported
production. The high density of shafts in this area is a very positive indicator
of the exploration potential."


Manitou is a Canadian exploration company with a 189 square kilometre land
package of highly prospective gold properties located in the historical Gold
Rock District, in northwestern Ontario. This under-explored area has a very
attractive geological setting hosting 61 known gold occurrences including three
past producing mines, Big Master, Laurentian and Elora (Jubilee). Until
recently, the area has remained relatively untouched by modern-day exploration,
pointing to excellent discovery potential over this large land package.


Todd Keast, P. Geo., is the Qualified Person as defined under NI 43-101 who has
reviewed and is responsible for the technical information presented in this news
release.  


For further details about the Company's projects please visit the Manitou
website at www.manitougold.com. 


Statements in this release that are forward-looking statements are subject to
various risks and uncertainties, certain of which are beyond the control of the
Company including, but not limited to, the impact of general economic
conditions, industry conditions, volatility of commodity prices, risks
associated with the uncertainty of exploration results and estimates and that
the resource potential will be achieved on exploration projects, currency
fluctuations, dependence upon regulatory approvals, the uncertainty of obtaining
additional financing and exploration risk. Readers should also refer to the
specific factors disclosed under the heading "Risk Factors" in the Company's
filings with Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based on information
currently available. The Company does not assume any obligation to update any
forward-looking statements, save and except as may be required by applicable
securities laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Manitou Gold Inc.
Todd Keast, P. Geo.
President and CEO
705-222-8800
705-222-8801 (FAX)
info@manitougold.com
www.manitougold.com

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