Mira Increases Private Placement to $4 Million

Mira Resources Corp. (TSX VENTURE:MRP) ("Mira") announces that its non-brokered
private placement announced on January 9, 2012 has been increased from $3.5
million to $4 million. Mira will now issue 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.


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.
No commissions are being paid in connection with the Financing. 


The Financing is subject to final approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

Thomas Cavanagh, President and Director 

Website: www.miraresourcescorp.com

Issued and Outstanding: 132,885,558

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.