Mira Closes $4 Million Private Placement

Mira Resources Corp. (TSX VENTURE:MRP) ("Mira") announces that it has closed its
$4 million non-brokered private placement of 20,000,000 units at $0.20 per unit
(the "Financing"). 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. 


All of the securities issued under the Financing including any shares issued on
exercise of warrants will be subject to a four month hold which expires June 15,
2012. No commission was paid with respect to the Financing. The Financing did
not result in a change of control of Mira. Through the Financing, Mira's
Chairman, Mr. Mohammed Asibelua, has increased his direct and indirect holdings
in Mira to 10.3%.


The Financing has received final TSX Venture Exchange approval.

Proceeds from the Financing are being expended on costs associated with Mira's
recently completed re-entry program on its TSB #1 Well and for working capital.


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: 152,885,558