Mr. Joseph Hebert reports

GOLD TORRENT FAILS TO FUND LUCKY SHOT DEVELOPMENT; MIRANDA MAINTAINS ITS OPTION FOR A 3.3% ROYALTY

Miranda Gold Corp. has noted that Gold Torrent Inc. was unable to complete its share financing required under the agreement with Cartesian Royalty Holdings. As a consequence of this, Gold Torrent and Alaska Gold Torrent LLC are in default under the project finance arrangement with Cartesian Royalty Holdings, Cartesian Capital Group and CRH Funding II Pte. Ltd., and will not receive development financing.

Miranda maintains its instalment purchase of the 3.3-per-cent NSR (net smelter returns royalty) on the Lucky Shot project (in anticipation of future production).

After discussions between Miranda and Cartesian, it was determined that the best course of action for Cartesian was to foreclose on the deed of trust, and to request that Gold Torrent and Miranda sign over their respective holdings in Alaska Gold Torrent to satisfy the provisions of the deed of trust.

Pursuant to a membership transfer and assignment agreement, both Gold Torrent and Miranda have now transferred their respective ownership in Alaska Gold Torrent to CRH Funding for the consideration of CRH Funding II assuming all of the obligations of Gold Torrent and Miranda under the Alaska Gold Torrent operating agreement, and that each of the parties is released from all liability on such assumed obligations arising after the date of transfer (being June 13, 2018).

Miranda has agreed to continue to work with Cartesian on other scenarios in order to assist with bringing the Lucky Shot project to production.

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 exposure to discovery and minimize exploration risk.