MTU Manitou Gold Inc

Manitou Gold Inc. (TSX VENTURE:MTU) ("Manitou" or the "Company") announces the
results of a trenching and sampling program on the Elora Property, located in
northwestern Ontario. The Elora property consists of 14 patented claims and one
mining license of occupation, which are contiguous with the Company's Kenwest
and Canamerica projects. 


The Elora Property hosts two past producing gold mines, the Laurentian and the
Elora (Jubilee). The Laurentian Mine was the largest producer in the historical
Gold Rock District 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). The mine consisted of an inclined shaft to a
depth of 145 metres, with workings established on five levels. In 1965 the shaft
was dewatered and a sampling program was completed on the 145 metre level which
returned assay results averaging 0.24 oz/t Au (8.2 g/t Au) over an average width
of 3 metres for the full 24 metre length of the drift (Emery, H.J. 1965 Summary
Report, Elora Gold Mines Gold Rock, Ontario). 


The Company recently completed 14 backhoe trenches (1,020 metres combined
length) around the Laurentian Mine and surrounding area. A total of 127 grab
samples were collected from the exposures. Weather conditions were not suitable
for channel saw sampling, therefore grab samples were selected on quartz veins
and altered material in order to confirm the presence of gold within the system.
Assay results show a wide distribution from nil to 329 g/t Au which is a common
feature of this style of gold mineralization. 


The geology of the trenches reveals a complex alteration and quartz vein system
which includes multiple parallel shear structures, cross-cutting structures and
tightly folded quartz veins. These geological observations will be incorporated
into the current interpretation of the area, and will be key in the planning of
the upcoming 2013 winter drill program exploring the Laurentian mineralized
zone. 


Todd Keast, President and CEO of Manitou, commented "We are very confident with
the exploration potential of this area as well as the discovery potential over
Manitou's large, highly prospective land package. Treasury Metals recently
reported (November 26, 2012) a significant new gold discovery which included 4
metres at 332 g/t Au in a diamond drill hole completed on their Goldcliff
property. This discovery is located approximately 2.0 kilometres east of
Manitou's Kenwest property boundary. This new high grade gold intersection
demonstrates the exceptional exploration potential of this underexplored
region." 


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

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