TORONTO, ONTARIO--(Marketwired - Oct. 23, 2013) - Manitou Gold Inc. (News - Market indicators) (the "Corporation" or "Manitou") is pleased to announce that it has issued today an aggregate of 1,000,000 common shares of the Corporation and 1,000,000 share purchase warrants of the Corporation as consideration for the previously announced acquisition by Manitou of all of the right, title and interest of Teck Resources Limited in and to the Gaffney gold property located at Lower Manitou Lake, Ontario. Each share purchase warrant is exercisable for a two year period to acquire one additional common share of the Corporation at an exercise price of CDN$0.50. All securities issued are subject to a statutory hold period expiring on February 19, 2014.

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.

Forward-Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Corporation. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.