Mr. Joseph Hebert reports

MIRANDA GOLD PROVIDES CORPORATE UPDATE

Miranda Gold Corp. has provided an update on its activities in Colombia and Alaska as well as the monetization of its remaining Nevada projects.

In all, Miranda expects to see partner spending on Miranda projects of $1.5-million to $1.75-million in 2015. In addition to partner-financed projects, Miranda has a budget for generative work in Colombia that is outside of the strategic alliance and outside of the department of Antioquia.

Prospect generator/joint venture model

Miranda continues to adhere to the prospect generator and joint venture model and as a result expects to see the following partners finance activities in projects in both North and South America:

• Agnico Eagle Mines Ltd. will finance 70 per cent (Miranda 30 per cent) of programs under a strategic alliance agreement. Funds are allocated toward project generation in the Antioquia department of Colombia. Miranda is operator. If a designated property is accepted into a joint venture by Agnico, Agnico could earn up to a 70-per-cent interest in that project by sole financing work programs until it earns its interest.
• Prism Resources Inc. is financing an initial exploration program at the Cerro Oro project in the Caldas department of Colombia. Miranda is also operator of this project. The 2015 program will comprise permitting and propertywide geochemical and geologic surveys.
• Gold Torrent Inc. is designing and permitting a small high-grade underground mine at the Willow Creek, Alaska, project. A new National Instrument 43-101 resource estimate and preliminary feasibility study will be highlights of this year's program. Montezuma is hoping to finance a drill project at the Red Canyon property pending finalization of joint venture terms.

Colombia

Oribella

Miranda submitted a target report to Agnico in the fourth quarter of 2015 as the first step toward possible acceptance of Oribella as a designated property pursuant to the strategic alliance agreement. Once a property is submitted, Agnico can: (1) accept it as a joint venture whereby they would be solely responsible for financing future exploration; (2) reject the project at which time Miranda can seek a third party joint venture; or (3) request that specific additional work be done to demonstrate that the property has the size potential to be of interest to Agnico. Agnico has requested trenching and channel sampling to demonstrate continuity of mineralization (gold and copper) prior to considering Oribella as a designated property. This work is under way and once samples are assayed a revised report will be submitted to Agnico.

Miranda also recently met with the president of the Agencia National de Mineria to request assistance in obtaining a licence for the northern part of the property which is currently held under a mining application. Assurances were given that the government would work with the company on the licence.

Cerro Oro

Cerro Oro is a low-sulphidation epithermal gold system that lies approximately 14 kilometres southwest of the Marmato mine (14 million ounces). Currently, Miranda is conducting a consulta previa or consultation with local and indigenous peoples near the project as a requirement of the Colombian mining law. Once this permit is obtained a mapping, trenching and a soil sampling program financed by Prism Resources will begin with the aim of delineating drill targets for the 2016 season. Prism Resources will also commission a technical report on the property.

Pavo Real

Red Eagle Mining recently terminated the joint venture agreement at Pavo Real in order to focus its time and treasury on permitting and building its San Ramon underground mine. Red Eagle drill tested several target areas and conducted propertywide geochemical surveys, spending $4-million on the project. Soil sampling on the south end of the property produced a large untested gold anomaly and Miranda is seeking a new partner to drill test this area.

Willow Creek, Alaska

Gold Torrent plans to fast-track the Coleman deposit into production in 24 to 30 months. Initial production estimates are for 21,000 ounces of gold annually from the mining and milling of 150 tons per day. Gold Torrent anticipates achieving over 80-per-cent recovery through gravity (tables and spiral concentrators) without the use of chemicals which should expedite permitting. Expected milestones for 2015 include:

• A new resource estimate based on independent review and modelling of deposit -- this report is anticipated within two months and the expectation is that the resource will increase in size;
• Completion of a preliminary feasibility study by mid-2015 -- this document will provide both Gold Torrent and Miranda shareholders insight into the capital and operating costs, cash flows and internal rate of return of mining the Coleman deposit;
• Mine planning -- Gold Torrent is in the process of determining the optimum way to access the Coleman deposit for the least amount of capital;
• Life of mine production scheduling;
• Mill process design and location;
• Initiate all aspects of permitting including baseline studies, water, air and discussions with local communities and area stakeholders;
• Possible rehabilitation of the Enserch tunnel to access the Lucky Shot vein system for production and drilling.

While no drilling is planned for 2015, modelling of the old underground workings, drill holes and underground samples will provide targets for 2016. Both companies agree that with the rehabilitation of the Enserch tunnel, targets can be best drilled from underground drill stations.

Nevada

Red Canyon

Miranda is hoping to finalize a joint venture/purchase agreement with Montezuma Mines pending consent to assignment of the lease by the owner to Montezuma.

Red Hill, Iron Point, Kibby Flats and Mustang

Miranda has monetized its four remaining Nevada holdings in order to focus on Colombia. This decision was made not because the company no longer believes Nevada will yield discoveries but rather Miranda feels that it can make a significant discovery in Colombia sooner than in Nevada. Miranda feels that Colombia, as a frontier jurisdiction with its rich mineral endowment, will provide the fastest route to a large grassroots discovery. On March 2, 2015, Miranda announced an agreement with European Uranium Resources Ltd., whereby, subject to regulatory approval, Miranda will sell and or assign its interest in the four properties for an 8-per-cent equity interest in EUU (subject to its reorganization), the retention of a royalty interest ranging from 1 per cent to 2 per cent in all four properties and the commitment by EUU of conducting a modest drill program on the Mustang property.

Qualified person

Data disclosed in this press release have been reviewed and verified by Miranda's executive vice-president, Joseph Hebert, CPG, BSc, geology, and qualified person as defined by National Instrument 43-101.

We seek Safe Harbor.