Manitou Locates Historical Kenwest Mine Records; Identifies New High-grade Target

January 12, 2011

Sudbury, ON – Manitou Gold Inc. (TSX-V: MTU) reports that is has received previously unknown historical mine records pertaining to the Kenwest property from Goldcorp Inc. The mine records include maps, sections, mine manager reports, and assay plans from both surface drilling and underground drilling from the mid 1940s when the project was last explored.

“This is a very important development,” stated Manitou Gold CEO Richard Murphy, “as these historic records identify a large area of relatively high grade gold mineralization, which we can immediately target with diamond drilling. Based on this new information, and the results of our drilling this past year, we have identified a prime target area that is at least 380 m long, consisting of the 100 m long mineralized zone identified in historic records and a further 280 m distance to hole KW-10-13, which Manitou Gold drilled in 2010 and intersected 15.4 g/t Au over 6.1 m.

We will be mobilizing a drill to the Kenwest property shortly, with the objective of confirming the continuity of mineralization through this target zone and testing for extensions beyond what has been identified to date.”

This previously unknown area of gold mineralization was identified in a report from 1947, in which Mine Manger G.L Holbrooke reported: “The results of the completed drill programme are of prime importance. Here seven holes, drilled west from the sixth level north drift, have been successful in locating what is undoubtedly the long sought north section No.3 orebody. These holes indicate the longest continuous orebody found on the property to date, namely 337’ of ore open to the north and showing un-cut average of $14.35 across 3.95 ft.”

At the time of this report, gold was valued at $35/oz. Accordingly, this quoted intersection is equivalent to 8.1 g/t over 1.2m. All seven historic holes were drilled from the sixth level, which is at a depth of 183 metres, on the north drift, as indicated on both a plan section and long section that can be found on the Company’s website at www.manitougold.com/kenwest.html.

Highlights of assay results from the seven historical holes above are included in the following Table:

Manitou Gold completed a diamond drill program on the Kenwest property during the summer of 2010, the first exploration on the property since the mine closed in 1948. Diamond drill hole KW-10-13 which intersected 15.4 g/t Au over 6.1 m, is situated 280 m northwest and 80 m vertically above the discovery in the six level drift. Diamond drill hole KW-10-12 intersected 1.3 g/t Au over 4.0 m, including 4.5 g/t Au over 0.7 m, and is situated approximately 30 m northwest and 70 m vertically above the discovery described in the Mine Managers report.