Share consolidation approved

Welcome To The Manicougan Minerals Inc. HUB On AGORACOM

Edit this title from the Fast Facts Section

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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Share consolidation approved

posted on Jun 10, 2011 12:32PM

JUN 9, 2011 - 09:00 ET

Manicouagan Reports on the Annual and Special Meeting of Shareholders Held June 8, 2011

TORONTO, ONTARIO--(Marketwire - June 9, 2011) - Manicouagan Minerals Inc. (TSX VENTURE:MAM) announced today that all proposed resolutions were approved at the Company's Annual General and Special Meeting of Shareholders.

Board Members Re-elected

Messrs Douglas A.C. Davis, Jacques R. Beauregard, Donald K. Johnson, Vahan Kololian, Joseph Baylis, W. Brian Carter and Claude Britt where elected to the Board of Directors of the Company.

Mr. Constantine Salamis, formerly Vice-Chairman of the Company, did not stand for re-election to the Board of Directors. Manicouagan thanks Mr. Salamis for his contributions as a founding Director and first President of the Company, and wishes him success in his future endeavours.

Share Consolidation

Manicouagan's shareholders approved that the issued and outstanding Common Shares in the capital of the Corporation be consolidated on the basis of one (1) new Common Share for every ten (10) Common Shares presently issued and outstanding (the "Consolidation") and to amend the articles of the Corporation accordingly. The Board will proceed to give effect to the consolidation as quickly as possible subject to TSX Venture Exchange and regulatory approvals.

The resolution to approve the Consolidation of the Company's shares was approved by 90 percent of the shareholders voting of the meeting.

Auditors and Stock Option Plan

The shareholders also approved resolutions in respect of the reappointment of the Company's Auditors and the renewal of the Stock Option Plan.

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