Mr. Joseph Hebert reports

MIRANDA TO CARRY OUT $1.5 MILLION PRIVATE PLACEMENT

Miranda Gold Corp. has proposed to raise up to $1.5-million by way of a non-brokered private placement through the issuance of up to 27,275,000 units at a price of 5.5 cents per unit. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of Miranda at a price of 12 cents until expiry two years from the date of closing the private placement. The company reserves the right to increase the size of the private placement or to modify the type, nature and/or price of the units for any reason.

The private placement is subject to compliance with applicable securities laws and to receipt of regulatory approval. The company may pay finders' fees of up to 6 per cent in cash on any portion of the placement.

Proceeds of this private placement will be used to advance generative exploration and project acquisition in Colombia and for general corporate purposes.

About Miranda Gold Corp.

Miranda is a gold prospect generator active in Colombia. The company's emphasis is on acquiring gold exploration projects with world-class discovery potential. Miranda performs its own grassroots exploration and then employs a joint venture business model on its projects to maximize investor exposure to discovery and minimize financial risk. Miranda has a continuing relationship with Iamgold Corp.