Mr. Thomas Cavanagh reports

MIRA ENGAGES FIRSTENERGY CAPITAL CORP. AS EXCLUSIVE FINANCIAL ADVISOR

Mira Resources Corp.'s board of directors, in response to an unsolicited expression of interest in Mira, has initiated a process to identify, examine and consider a range of strategic alternatives available to Mira, with a view to maximizing shareholder value. This process could result in a sale of the corporation.

The corporation has engaged FirstEnergy Capital Corp. as its exclusive financial adviser to assist in this strategic review process.

In addition, Mira's board of directors has established a special committee with a mandate, in consultation with FirstEnergy, to solicit, review and consider strategic alternatives, and to make recommendations to the board as to whether any proposed transactions are in the best interests of the corporation and its shareholders.

Mira's president, Thomas Cavanagh, commented: "We are very excited to be working with FirstEnergy during this exciting time. Additionally, based on the success of the recompletion of TSB No. 1, we are looking forward to receiving our updated reserve report."

The corporation cautions that there are no guarantees that the strategic alternatives process will result in a transaction or, if a transaction is undertaken, as to its terms or timing. The corporation has not set a definitive schedule to complete its evaluation and, notwithstanding the above, no decision on any particular alternative has been reached at this time. Mira does not intend to make any further announcements regarding the process unless and until the board has approved a specific transaction or other course of action, or otherwise deems disclosure of developments is appropriate.

Further information regarding this opportunity will be available on the FirstEnergy website.

We seek Safe Harbor.