SUDBURY, Ontario, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Manitou Gold Inc. (TSX-V: MTU ) ("Manitou Gold" or the "Company") announces a correction to its prior press release dated July 31, 2018 (the “Prior Release”) in connection with its non-brokered private placement (the “Offering”) pursuant to which it issued an aggregate of 17,255,000 units (“Units”) at a price of $0.08 per Unit to raise aggregate gross proceeds of $1,380,400.  Each Unit consists of one common share of the Company and one-half of one share purchase warrant (each whole such share purchase warrant, a “Warrant”).  Each Warrant entitles the holder thereof to acquire one additional common share of Manitou Gold at $0.15 until July 31, 2021.  The Prior Release incorrectly stated the exercise price of the Warrants as $0.015.  For additional details of the Offering, please refer to the Prior Release available on SEDAR at www.sedar.com .

For further information on Manitou Gold Inc., contact:

Richard Murphy, CEO Telephone: 1 (705) 698-1962

Pat Dubreuil, President Telephone: 1 (705) 626-0666 Email: info@manitougold.com

Facsimile: 416-848-0790 Email: info@manitougold.com Web site: 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts  responsibility for the adequacy or accuracy of this release.