MTU Manitou Gold Inc

Manitou Gold Inc. (TSX VENTURE:MTU) ("Manitou" or the "Company") announces the
results of six diamond drill holes from the 2012 Gaffney Extension drill
program. These holes represent the completion of the 17 hole (5,032 metre) 2012
exploration program. This year's drilling program has demonstrated the presence
of significant gold mineralization over substantial widths and indicates the
presence of a large gold system. The Company has made significant advances in
understanding the controls on the gold mineralization as well as the exploration
potential of the property. To aid in the understanding of the geological
descriptions contained in this news release, the reader is referred to the
accompanying plan map and drill section. (Plan map available at the following
link: http://media3.marketwire.com/docs/1205mtu1.pdf; Drill section available at
the following link: http://media3.marketwire.com/docs/1205mtu2.pdf)


Diamond drill hole G-12-32, the first hole of the 2012 program, intersected a
66.0 metre wide interval which averaged 1.5 g/t Au (News Release November 1,
2012). This interval contained two exceptionally wide sections of gold bearing
QFP dyke, 37 metres wide and 13 metres wide respectively. These two wide QFP
intervals represent a significant change to the geological model, resulting in a
reassessment of the gold mineralization and the drill pattern. It was determined
that a series of holes completed at different orientations to the normal drill
pattern would confirm the geometry of the gold bearing QFP dyke (see cross
section). 


Drill hole G-12-43, the initial hole drilled at the new orientation, intersected
a 16 metre wide interval which averaged 2.0 g/t Au and included 7.0 m of 3.2 g/t
Au. This intersection included 12 metres of the QFP dyke and 4 metres of altered
diorite along the margins of the QFP dyke. 


Drill hole G-12-44, drilled from the same setup as G-12-43, but with a steeper
dip, intersected a 33.0 metre wide interval which averaged 1.2 g/t Au. The
intersection included 10.4 metres of the QFP dyke and 23.1 metres of altered
diorite along the margins of the QFP dyke. 


Hole G-12-45, drilled from the same setup as G-12-43 and G-12-44, intersected a
36.4 metre wide interval which averaged 1.4 g/t Au and included a 15.9 metre
wide interval which averaged 2.8 g/t Au, all contained within the altered
diorite. The QFP dyke was intersected lower in the hole and returned 12.5 metres
of 1.6 g/ t Au. 


Hole G-12-46 was drilled to provide additional structural information as well as
to gain another intersection of the QFP dyke. This hole intersected the QFP dyke
and returned 27.6 m of 1.7 g/t Au. 




Assay Highlights                                                            
                                                                            
DDH #                  From (m)         To (m)      Width (m)         Au g/t
G-12-43                 116.00         132.00          16.00            2.01
includes                124.00         131.01           7.01            3.15
G-12-43                 139.00         141.00           2.00            4.87
G-12-43                 174.55         180.50           5.95            0.39
G-12-44                 130.34         163.36          33.02            1.24
G-12-45                 126.60         163.00          36.40            1.39
includes                126.60         142.50          15.90            2.77
includes                132.25         136.10           3.85            4.45
G-12-45                 191.00         196.50           5.50            0.48
G-12-45                 225.00         237.50          12.50            1.58
G-12-46                 254.50         259.50           5.00            2.20
G-12-46                 267.00         273.85           6.85            2.62
G-12-46                 289.50         317.15          27.65            1.66
G-12-47                    NSA                                              
G-12-48                 355.55         361.90           6.35            3.22



Full table of assays can be found on the Company's website.

Todd Keast, President and CEO of Manitou commented, "This newly identified gold
bearing QFP Dyke presents a very exciting exploration target. The body appears
to be 6 to 10 metres wide and contains several metres of the mineralized altered
diorite along the contacts. QFP dykes often demonstrate considerable continuity
along strike and at depth, which presents the potential for a sizeable target
with exceptional predictability. This section of drilling has clearly
demonstrated the vertical extent of the QFP Dyke to at least 250 metres in depth
and is open at depth and along strike. The relationship of QFP Dyke to the more
common altered diorite style of gold mineralization is currently being evaluated
with an updated 3-D Model underway. We certainly view this discovery as an
important step in the ongoing process of understanding this complex,
underexplored area." 


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. 


The Company has implemented a quality control program to ensure best practice in
sampling and analysis. Samples are transported in security sealed bags to the
Actlabs facility in Dryden, Ontario for preparation. Actlabs transports the
samples to the Actlabs ISO 17025 registered laboratory facility in Thunder Bay
for analysis and internal QA/QC checks. Core samples are 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 


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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