CORRECTING and REPLACING -- Manitou Gold Continues to Intersect Wide Zones of Gold Mineralization on the Baltimore Deformation Zone (“BDZ”); Commences Geophysical Surveying of Western 10 Km of BDZ - Seite 2

See map illustrating drill plan at the Stover zone.

“Results reported today provide further evidence that the Baltimore deformation zone has the potential to host significant gold mineralization over large areas. This supports our view that a much larger exploration program is required to thoroughly test what is believed to be the continuation of the Goudreau-Localsh deformation zone,” stated Richard Murphy, President and CEO of Manitou Gold. “Concurrent with the ongoing 10,000 metre drill program, we will be advancing the exploration of an additional 10 kilometres of strike length of the Baltimore deformation zone with the goal of generating drill ready targets through the winter and spring which will be transformational in advancing Manitou’s exploration of this underexplored part of Michipicoten gold camp.”

Stover Zone

To date the Company has completed 11 diamond drill holes totalling 2,335 meters at the Stover occurrence, located within the Baltimore deformation zone. Previously released drill holes (see news release dated December 16, 2020 & news release January dated January 12, 2021) intersected up to 39.9 m at 0.5 g/t in hole MTU-20-49, 0.8 g/t Au over 18.0 m, including 3.3 g/t Au over 2.1 m in hole MTU-20-52 and 15 m grading 1.5 g/t Au, including 5.3 m at 2.7 g/t Au in hole MTU-20-56.

Today’s results include two drill holes collared along strike to the west as well as vertically below MTU-20-49 which continue to intersect broad gold mineralization with widths exceeding 57 meters and grading 0.3 g/t Au, including 3.0 m at 2.0 g/t Au.

Additional drilling is underway to better establish the presence and continuity of higher-grade mineralized shoots. Indications based on the presence of higher grade mineralization in holes MTU-20-52 and MTU-20-56 are very positive.

Significant drill results for the three additional diamond drill holes completed at the Stover zone since January are summarized in Table 1 below. Results for an additional two drill holes are pending and will be released as assays become available.

Table 1: Stover Zone Drill Hole Intersections

Hole ID	From	To	Core length	Au (g/t)	Target
MTU-21-02	85.2	112.0	26.8	0.3	Stover Zone
incl.	85.2	91.7	6.5	0.6	Stover Zone
& incl.	108.3	111.4	3.1	0.9	Stover Zone
MTU-21-02	132.6	146.4	13.8	0.5	Stover Zone
incl.	133.6	137.5	3.9	0.7	Stover Zone
& incl.	144.1	145.7	1.6	1.5	Stover Zone
MTU-21-03	150.7	208	57.3	0.3	Stover Zone
incl.	150.7	155.6	4.9	0.4	Stover Zone
& incl.	162.3	167.3	5.0	1.5	Stover Zone
incl.	163.3	166.3	3.0	2.0	Stover Zone
MTU-21-04	120.2	122.4	2.2	0.4	Stover Zone
MTU-21-04	130.6	134.2	3.6	0.3	Stover Zone
MTU-21-04	158.2	187.8	29.6	0.2	Stover Zone

True widths are not known at this time.