SUDBURY, ONTARIO, May 5, 2010 (Marketwire) -- Manitou Gold Inc. (TSX VENTURE:MTU) (the "Company") is pleased to announce that, at the Annual and Special Meeting held today, the shareholders of the Company elected a slate of directors consisting of Messrs. Richard Murphy, Wayne Whymark, Ron Arnold and Guy Mahaffy. Messrs. Murphy and Whymark were incumbent directors of the Company, while Messrs. Arnold and Mahaffy represent new appointments to the board.
Ron Arnold is the President of Dalron Construction Limited, a position he has held since 1969, and has served as a director of junior resource issuers on both the Toronto Stock Exchange and the TSX Venture Exchange, including Titanium Corporation, Independent Nickel Corp., and Duncan Park Holdings Corporation. Guy Mahaffy is the Company's current Chief Financial Officer and has served as an officer and director of junior resource issuers on both the Toronto Stock Exchange and the TSX Venture Exchange, including Ginguro Exploration Inc. and Independent Nickel Corp.
Christopher Harrop and Jack Duffy did not stand for re-election at today's Annual and Special Meeting. The Company would like to thank Mr. Harrop and Mr. Duffy for their contributions to the Company and wishes them well in their future endeavours.
The election of Mr. Arnold as a new director of the Company remains subject to approval by the TSX Venture Exchange.
About Manitou Gold
Manitou Gold Inc. is a gold exploration company with a dominant land position in the Gold Rock Mining Camp, located in the Kenora Mining District, in Northwestern Ontario.
The Company is well funded, having recently completed a $2 million initial public offering. The Company's largest shareholder is Goldcorp Inc, which holds a 15% interest in the Company.
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.