MTU Manitou Gold Inc

Manitou Gold Inc. (TSX VENTURE:MTU) ("Manitou") announces the receipt of assay
results from 6 of the 7 diamond drill holes completed during the winter drill
program on the Sherridon Property located south of Dryden in Northwestern
Ontario. The winter drill program focused on testing a number of geophysical and
geological targets on the project. The Sherridon Project is 10 km east of the
Company's Gaffney Extension Project and 20 km south of the Company's Kenwest
Project.


A regional map outlining these three properties and their proximity to one
another can be found on the Company's website at
www.manitougold.com/properties.html.


Drill hole SH-12-25 (-65 degrees ) intersected a gold bearing shear structure
that assayed 15.4 g/t Au over a 5.4 metre interval and included 40 flakes and
clusters of visible gold. This gold intersection is positioned approximately 65
m vertically below surface and correlates with a surface showing of strongly
sheared volcanic rocks with numerous quartz veins. Drill hole SH-12-24 (-45
degrees ) was completed from the same drill setup as SH-12-25 and intersected
4.7 g/t Au over 3.1 metres. The Company is highly encouraged by these two
intersections, as they suggest continuity of the gold bearing shear zone at
depth and demonstrate that appreciable gold is present in the system. This new
discovery has not been tested down dip or along strike. As such, the Company
believes that the Sherridon property still has considerable untested exploration
potential.


Highlights from the assays received from the six drill holes can be found in the
following table.


Table: Summary of recent Sherridon drill results



                                      From         To     Length         Au 
DDH #                                   (m)        (m)        (m)      (g/t)
SH-12-24                              18.8       21.9        3.1        4.7 
SH-12-25                              71.2       76.7        5.5       15.4 
including                             74.0       75.0        1.0       83.1 



Notes:



1.  Holes SH-12-20, SH-12-21, SH-12-22, and SH-12-23 returned no significant
    assays 
2.  Intervals reported are core lengths; true widths of mineralization are
    not known.



Todd Keast, President of Manitou added "Our exploration crew has been
effectively advancing our geological understanding of the Sherridon Project. The
methodical evaluation of a number of high grade visible gold drill intersections
has led to the identification of this shear structure as a possible larger scale
structure. We look forward to going back and testing this and other prospective
targets."


Other exploration activities

Manitou Gold has recently commenced a 1,000 m diamond drill program on the
Mosher Bay and Sunshine Lake Properties. A number of sheared quartz feldspar
porphyry targets containing anomalous gold were identified in last fall's
prospecting and trenching programs on these two properties.


In addition, drilling and logistical planning is underway for drilling this
summer on the Gaffney Extension.


The Company has also begun compiling the geological data on the Elora Project in
anticipation of the summer exploration program.


The Qualified Person responsible for the technical content of this news release
is Todd Keast, P. Geo., President of Manitou Gold Inc. Mr. Keast has verified
all of the technical data contained in this release.


The Company has implemented a quality control program to ensure best practice in
sampling and analysis. Assayed samples are transported in security sealed bags
for preparation and analysis at ALS Chemex facilities. ALS Chemex is an ISO
9001-2000 and ISO 17025 registered laboratory. Core samples were analyzed for
gold by 30-gm fire assay with AA finish and by gravimetric methods. Samples with
visible gold are assayed by screened total metallics.


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.

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