Miranda Gold Reports Drill Results From Coal Canyon Project

Miranda Gold Corp. ("Miranda") (TSX VENTURE:MAD)(OTCBB:MRDDF)(FRANKFURT:MRG)
announces drill results from a four hole, 5,250 ft (1,600 m) reverse-circulation
drill program at Coal Canyon, a sediment-hosted gold project in Eureka County,
Nevada. 


All four drill holes intersected hydrothermally altered intervals within
carbonate rocks of the Roberts Mountains and Hanson Creek Formations. Altered
lamprophyre and basalt dikes were also intersected. Although significant gold
mineralization (greater than or equal to 0.010 oz Au/t; greater than or equal to
0.343 g Au/t) was not intersected, Miranda geologists recognize untested
geologic and geochemical drill targets to the west and east of MCC-4.


The drilling, conducted by Miranda's exploration funding partner at Coal Canyon,
Queensgate Resources Inc. ("Queensgate"), attempted to expand upon results in
MCC-4, a 2008 drill hole that intersected 10 ft of 0.011 oz Au/t gold from 980
to 990 ft (3.0 m of 0.392 g Au/t from 298.8 to 301.8 m) within a sooty pyrite /
silica-cemented breccia zone. This mineralization occurred within a larger,
lower-grade gold zone that returned 230 ft of 0.004 oz Au/t from 970 to 1,200 ft
(70.1 m of 0.140 g Au/t from 295.7 to 365.8 m). 


Queensgate has informed Miranda that they will terminate the exploration funding
agreement at Coal Canyon, BPV and CONO. Miranda will drop the BPV and CONO
projects while a new exploration funding partner will be sought for Coal Canyon.


All drill samples were collected with a reverse circulation drill using 10 ft
(3.05 m) sample intervals. Samples were assayed by SGS Minerals Services in
Toronto, Ontario. Gold results were determined using standard fire assay
techniques on 30-gr pulps. Queensgate QC/QA included the insertion of standards
and blanks on a regular basis, and the collection of duplicate samples. 


Project details

Coal Canyon consists of 64 unpatented lode claims ten miles (16 km) south of
Barrick's +12 million ounce Cortez Hills gold deposit. The project covers a
large percentage of the Windmill window, a geologic feature exposing favorable
lower-plate carbonate rocks. Rocks exposed in the Windmill window are analogous
to carbonate rocks that host the Cortez Hills and Pipeline gold deposits.


For more information on Coal Canyon visit
http://www.mirandagold.com/s/CoalCanyon.asp. 


The data disclosed in this press release have been reviewed and verified by
Company Geologist and Nevada Projects Manager Steven Koehler, CPG, BSc. Geology
and Qualified Person as defined by National Instrument 43-101.


Corporate Profile

Miranda Gold Corp. is a gold exploration company active in Nevada, Alaska and
Colombia and whose emphasis is on generating gold exploration projects with
world-class discovery potential. Miranda performs its own grass roots
exploration and then employs a joint venture business model on its projects in
order to maximize exposure to discovery while minimizing exploration risk.
Miranda has ongoing partnerships with Piedmont Mining Company Inc., Montezuma
Mines Inc., NuLegacy Corporation, Red Eagle Mining Corporation, Ramelius
Resources Ltd., and SIN Holdings Ltd.


ON BEHALF OF THE BOARD

Kenneth Cunningham, President and CEO

This news release may contain information about adjacent properties on which we
have no right to explore or mine. We advise U.S. investors that the SEC's mining
guidelines strictly prohibit information of this type in documents filed with
the SEC. U.S. investors are cautioned that mineral deposits on adjacent
properties are not indicative of mineral deposits on our properties. This news
release may contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and conditions
and therefore involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.