Most definatly. I have experience exhaust leaks within the last week in 3 places! The one i have right now is so bad my cruiser sounds like a lowered accord with dual fart cans. I had no idea the F could be louder than a straight piped 302!
Well back to the question-Could be either the single gasket that is between the intake, exhaust manifolds and the engine block(very likely), or the gasket between the top of the exhaust manifold and the bottom of the intake manifold, or it could be a crack in the exhaust manifold, or where the bottom of the exhaust manifold mates to the exhaust pipe. I replaced my blown manifold to block gasket with two new Toyota ones from Specter, found out that 3 of the bolts on the headers were able to be taken out with bare hands they were so loose!
In the process (which took about 2-3 hours) i broke the old and loose gasket between the exhaust and intake manifolds(my current massive leak) and at one point didn't have the exhaust pipe mated to bottom of manifold tight enough cause of a stripped bolt. (C-clamp temp. fixed that)
So to fix all of this I have every bolt and gasket other than the two new ones I put on on monday that has to do with intake and exhaust coming via UPS from Specter tomorrow. I can take pictures to specifically illustrate stuff tomorrow if you need me too. Sorry for the long post.