MTU Manitou Gold Inc

Manitou Gold Inc. (TSX VENTURE:MTU) ("Manitou" or the "Company") announces the
receipt of assay results from five holes of the ongoing Gaffney Extension drill
program. The company has completed approximately 3,820 metres of a 5,000 metre
program and drilling will continue through the month of September. Multi element
analysis in conjunction with fire assay analysis of the core has resulted in
slightly longer times in receiving and releasing exploration results. 


Gaffney Extension

The 2012 Gaffney Extension diamond drill program is based on the results and
interpretation from the 2011 6,900 metre Manitou drill program and the partial
results of two phases of drilling (1984 and 1988) by a previous operator(1 ).
The initial drill holes of the 2012 drill program were designed to fill gaps in
the shallow portion of the mineralized zone, and attempt to twin several holes
completed by the previous project operator. It is important to note that gold
mineralization is hosted both within an altered diorite intrusion, and within
Quartz Feldspar Porphyry (QFP) dykes. Work is currently underway to determine
if, or how the two styles of gold mineralization are related. 


Drill holes G-12-33, G-12-34 and G-12-37 were planned to test gaps between holes
from the previous years' drill program. G-12-34 intersected a 9.5 metre wide
interval of 4.0 g/t Au and 2.7 g/t Ag and G-12-37 intersected a 43.5 metre wide
interval of 1 g/t Au, thus providing confidence in the continuity between holes
of the wide sections of mineralization. 


G-12-35 was planned to twin a shallow hole from the previous property operator
with reported assays of 25.9 metres of 1.7 g/t Au including a higher grade
interval of 6.2 metres of 3.5 g/t Au. G-12-36 was planned to twin a shallow hole
from the previous property operator with reported assays of 14.7 metres of 3.4
g/t Au including a higher grade interval of 7.6 metres of 5.4 g/t Au. Both
G-12-35 and G-12-36 were not able to duplicate the historical drill
intersections. G-12-36 intersected a 4.8 metre section of 2.4 g/t Au and a
separate interval of coarse visible gold which assayed 69.4 g/t Au and 10.3 g/t
Ag over 0.38 metre. The lack of reliable drill locations for the historical
drilling (all holes drilled on lake) is believed to be the cause of the
inconsistency between the historical holes and the Company's holes. The company
is currently re-evaluating the location of the historical holes. 


Assay Highlights:



----------------------------------------------------------------------------
DDH #                 From        To     Width   Assay g/t Au   Assay g/t Ag
----------------------------------------------------------------------------
G-12-32         Complete results not received                               
----------------------------------------------------------------------------
G-12-33              101.9     107.0       5.1            1.6               
----------------------------------------------------------------------------
G-12-34              134.0     143.5       9.5            4.0            2.7
----------------------------------------------------------------------------
G-12-35              143.2     146.5       3.3            0.5            1.2
----------------------------------------------------------------------------
G-12-36              178.8     179.2       0.4           69.4           10.3
----------------------------------------------------------------------------
                     186.0     190.8       4.8            2.4            0.6
----------------------------------------------------------------------------
G-12-37              184.5     228.0      43.5            1.0               
----------------------------------------------------------------------------
includes             189.2     195.0       5.8            2.3               
----------------------------------------------------------------------------
includes             206.0     214.0       8.0            2.2               
----------------------------------------------------------------------------



Note: Intervals reported are core lengths; true widths of mineralization are not
known.


Full assay tables are available on the Company's website.

Todd Keast, President and CEO of Manitou noted "The Gaffney Extension is an
intriguing exploration project which has returned impressive gold results to
date. The structurally complex geology with overlapping alteration events and
multiple styles of gold mineralization are recognized by our experienced
exploration team as a complexity that has been documented in many Archean gold
deposits. We are currently working to better understand the geological
complexities and will adjust the drill program accordingly. "


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.


(1) The Company has not verified the historical exploration results reported
herein and has neither confirmed the grades or widths described. Detailed
descriptions of these historic exploration programs and results were included in
assessment work reports filed with the Ontario Ministry of Northern Development
and Mines. OMEP Report OMR-83-3-P-157 April 30, 1984; Work Report #W9110.5021
Filed January, 1992 


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.

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