TORONTO, ONTARIO, May 27, 2010 (Marketwire) -- Manicouagan Minerals Inc. (TSX VENTURE: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.)
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 francaise de ce communique de presse est disponible a www.manicouaganminerals.com.
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.
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.