Mira Announces $3.5 Million Private Placement

Mira Resources Corp. (TSX VENTURE:MRP) ("Mira") announces that it is proceeding
with a $3.5 million non-brokered private placement financing consisting of
17,500,000 units at $0.20 per unit. Each unit is comprised of one common share
and one half warrant with each full warrant being exercisable at $0.30 per share
for 12 months from closing. Management will be participating in this financing.


Mira also announces that its $5 million convertible debt financing announced
November 30, 2011 is being reduced to a $2 million convertible debt financing.


Combined proceeds of $5.5 million from the convertible debt financing and
private placement financing are being expended on costs associated with Mira's
recently completed re-entry program on its TSB #1 Well and for working capital.
No commissions are being paid in connection with the two financings.


The non-brokered private placement and convertible debt financings are subject
to TSX Venture Exchange approval.


ON BEHALF OF THE BOARD

Thomas Cavanagh, President and Director

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995
and Canadian securities laws. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual events and results to differ materially from Mira's
expectations include risks related to the exploration stage of Mira's project;
market fluctuations in prices for securities of exploration stage companies; and
uncertainties about the availability of additional financing.


Issued and Outstanding: 132,885,558