Miranda Acquires Two Projects in Nevada╒s Walker Lane

VANCOUVER, BC - Miranda Gold Corp. has acquired the Mustang and Kilby Flats projects in the Walker Lane, Nevada.

These acquisitions were a direct result of an ongoing remote sensing and ground reconnaissance program designed to identify intermediate to high-sulfidation prospects by targeting strong alunite with kaolinite and illite alteration systems. Intermediate to high-sulfidation deposits have been the most robust gold discoveries in the Walker Lane and abundant alunite can be an indirect indicator for this style of gold deposit.

In conjunction with claim staking open ground, Miranda has acquired a 100% interest in Teslin River Resources Corp. Mustang project located in Nye County, Nevada. Miranda has paid Teslin $40,000; delivered Teslin 300,000 shares of Teslin owned by Miranda and granted Teslin a 1% net smelter return royalty on the 72 claims acquired from Teslin. The Mustang property is 20 miles south of Gabbs, and eight miles southeast of the historic Paradise Peak Mine. Following staking open ground the project now totals 142 claims for approximately 2,900 acres. In 2011 Teslin drilled an eight-hole program on the property from which they reported: 25 ft of 0.081 oz Au/t within 39.4 ft of 0.050 oz Au/t in M1106, and 39.4 ft of 0.022 oz Au/t in M1105.

Miranda believes that this mineralization is open to the south and the west. This drill-indicated mineralization falls within a three-mile long, north-trending, fault-bounded corridor controlling the distribution of altered felsic tuff and mineralized faults, veins, breccia and quartz stockwork. Miranda╒s surface rock sampling on the Mustang property shows values up to 0.867 oz Au/t and 155 oz Ag/t. Samples also show local enrichment in copper, lead, zinc, and bismuth similar to the geochemistry reported at the Paradise deposit. The Teslin drill holes were never offset.

Miranda has also staked 131 claims (2,700 acres) comprising the Kilby Flats project located in Esmeralda County, Nevada. The Kilby Flats project is also characterized by alunite-illite-kaolinite alteration anomalies and has surface values from undetectable to a high of 0.018 oz Au/t (0.600 g Au/t). The Kilby Flats project shows strong concentric zoning of kaolinite inward to illite-alunite alteration over several square kilometers. Kilby Flats is an example of Miranda╒s ongoing Nevada reconnaissance program that focuses on identifying new areas with the potential to host large gold deposits.

In keeping with its joint venture business model, Miranda will look for exploration funding partners for these two projects.

All data disclosed in this press release, including sampling, analytical and test data, have been reviewed and verified by Vice President of Exploration Joseph Hebert, C.P.G., B.Sc. Geology and Qualified Person as defined by National Instrument 43-101.

The company's address Unit 1, 15782 Marine Drive, White Rock, BC V4B 1E6, (604) 536-2711, fax: (604) 536-2788, email: [email protected].