Mira Resources to Complete $2.5 Million Convertible Debt Financing

Mira Resources Corp. (TSX VENTURE:MRP) ("Mira") announces that it is offering up
to CDN$2.5 million in convertible debt financing (the "Offering"). Subscribers
are being offered one year, convertible loans carrying an interest rate of 12%
per annum. The loans are convertible into units ("Units") of Mira at $0.20 per
unit. Each Unit will consist of one common share (a "Share") and one half share
purchase warrant (a "Warrant") with each full Warrant being convertible into one
additional common share of Mira at $0.30 per share for a period of two years
from closing. Interest on the loans will be accrued and paid on maturity of the
loans or on conversion of the loans into Units. Management of Mira may
participate in the Offering.


Mira has the right to retire the convertible debt on 20 days' notice to
subscribers conditional upon payment of principal and all outstanding interest.
Closing of the Offering is expected to occur on or before September 28, 2012.
All Shares and Warrants acquired on conversion of the convertible debt will be
subject to a four month hold period commencing on the closing date. Proceeds
from the Offering will be used to fund the ongoing development plan for the Tom
Shot Bank Field in Nigeria including engineering and other pre-drilling costs
for the Tom Shot Bank #3 Well as well as for general working capital purposes.
No commissions are being paid in connection with the Offering.


The Offering is 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: 156,965,926