Mira Announces Appointment of Mr. Mohammed Asibelua as Chairman of the Board

Mira Resources Corp. (TSX VENTURE:MRP) ("Mira") and its wholly owned subsidiary
Equinox TSB Development (Nigeria) Limited are pleased to announce that Mr.
Mohammed Asibelua, Chairman of the Equinox Group has agreed to accept the
position as Chairman of Mira's Board of Directors.


Mr. Asibelua is a leading Nigerian businessman with over 20 years experience in
the energy industry. He is involved with numerous projects in both the upstream
and downstream sectors of the oil & gas industry throughout Africa with a focus
on the Gulf of Guinea. 


Mr. Asibelua is the Chairman of the Equinox Group (www.equinoxgroupltd.com), a
leading private Nigerian conglomerate, Arcadia Petroleum Nigeria Limited as well
as the Aspen Group, an oil and gas service company operating in the Gulf of
Guinea. The Equinox Group is a multifaceted private conglomerate with
subsidiaries which are active in oil trading, oil services, real estate and has
partnered with significant international corporations such as Gazprom, Sinopec,
British Gas and PetroVietnam in numerous upstream projects. Mr. Asibelua's past
industry experience includes work with Arcadia Petroleum Limited UK where he
secured crude oil contracts totaling 250,000 barrels per day (bpd) and petroleum
products contracts of 480,000 metric tons (MT) per annum. Mr. Asibelua holds a
majority equity interest in OML 14 Tom Shot Bank Field through Associated Oil &
Gas Services. Mr. Asibelua holds a B.Sc. in Personnel Management and Industrial
Relations. 


Thomas Cavanagh, President of Mira, stated, "Mira is pleased to announce the
strengthening of our strategic partnership with the Equinox Group and Mr.
Mohammed Asibelua's acceptance of the position as Chairman of Mira's Board of
Directors. This move further solidifies our maturation from a venture company to
an active West African exploration and production company. Mr. Asibelua's
agreement to join our board as Chairman illustrates his commitment to Mira and
its subsidiaries to grow Mira into a leading independent exploration and
production company within Nigeria as well as the other countries within West
Africa. His sterling reputation, knowledge of the West African operating
environment in both the upstream and downstream petroleum industry, political
relationships and long standing active participation in all aspects of business
in West Africa will add tremendous growth, leadership and experience to Mira."


Mr. Cavanagh continues, "Mr. Asibelua's Chairmanship with Mira will enable Mira
to establish a local office in the Nigerian state capital of Abuja and with this
presence, Mira hopes to become the technical, financial and political partner of
choice for other current and future marginal field owners."


Mr. Asibelua stated, "Mira has demonstrated to the Government of Nigeria, the
indigenous exploration and production industry in Nigeria and to me that they
are a serious financial and technical partner who understands how to work and
succeed within Nigeria. I welcome leading Mira as we develop Mira into a
successful operating exploration and producing company within Nigeria and other
West African countries. I fully support their business model of concentrating on
opportunities that we may bring to production and cash flow within 18 months of
signing the concession."


Thomas Cavanagh summarized, "Mr. Asibelua's appointment strengthens our board
and reflects our emergence as an operating company. Mira will continue to seek
additional highly qualified board members with West African experience to
further strengthen the Board."


Mira will grant, pursuant to the terms of its stock option plan, 2,000,000
options to Mr. Asibelua at an exercise price of $0.38 per share for a period of
five years.


Mira's current asset in Nigeria is the TSB Field is located within Oil
Prospecting License 276 ("OPL 276") which is adjacent to the Abana Field in Oil
Mining License 114 and due north of Addax Petroleum Corp. in Oil Mining License
123 ("OML 123"). Addax Petroleum Corp. is producing almost 50,000 BOPD from
multiple fields within OML 123. TSB Field was discovered by Shell Petroleum in
1980 and encountered 425 Gross Feet of hydrocarbon pay, 57 net feet of gas and
83 net feet of oil proven pay with another possible 111 net feet of oil and 29
net feet of gas pay in reservoirs which Shell Petroleum interpreted as probable
laminated reservoirs. This well will be re-entered and tested in late August
immediately following the tetra well currently drilling in OML 109, Offshore
Nigeria.


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.