Miranda Gold Corp. reports that it has leased 171 Alaska state mining claims from Range Minerals Inc. comprising the Ester Dome project in the Fairbanks Mining District approximately 5 million (8 km) from Fairbanks, Alaska. The Ester Dome project covers approximately 13.8 sq. mi (35.7 sq. km). Although outside of Miranda’s normal exploration jurisdiction of Nevada, the Ester Dome acquisition presents Miranda a unique opportunity to control and explore a district-scale project with a historic gold endowment in excess of one million ounces. The Fairbanks District has produced over 9.5 million ounces of alluvial gold. Over 3 million ounces of alluvial gold were mined on the flanks of Ester Dome and the Ester Dome project covers the majority of the upland source area for these 3 million ounces. On the property, reported historic drilling returned a high-grade gold intercept with 19.7 ft of 2.7 oz Au/t (6 m of 91.2 g Au/t) justifying step out drilling with little advanced work required. Several of Miranda’s exploration funding partners have expressed interest in this type of high-grade vein deposit.

Miranda Gold Corp. has staked 122 unpatented lode claims in the Roberts Mountains in Eureka County, Nevada approximately 26 mi (42 km) northwest of the town of Eureka. The project is on the southern end of the Battle Mountain-Eureka Trend and covers approximately 3.8 square mi (9.8 sq km). The property lies along the margin of a north-trending window that exposes lower-plate Devonian-age limestone through the Roberts Mountains Thrust. Similar Devonian age limestone is a favorable host for sediment-hosted gold systems elsewhere on the Battle Mountain --Eureka Trend. The TAZ project shows alteration and geochemistry consistent with sediment-hosted gold deposits, favorable host rocks, and historic drilling that encountered significant gold mineralization. The sediment-hosted gold deposits Chert Cliff, Afgan-Kobeh, Gold Ridge and Gold Bar are clustered from 2 to 8 mi (3.2 to 12.8 km) from TAZ project. The Gold Bar deposit which contained a gold resource exceeding one million ounces is 8 mi (12.8 km) to the southwest and is a target analogue for the TAZ project. Four companies previously explored for shallow oxide gold deposits on various portions of Miranda's claims. In 1996, BHP Minerals International drilled VC96-8 on the south end of the claim block. This hole-includes 70 ft of 0.042 oz Au/t from 215-285 ft (21.3 m of 1.44 g Au/t from 65.5-86.9 m) within a 135 ft zone of 0.025 oz Au/t from 215-350 ft (41.2 m of 0.86 g Au/t from 65.5-106.7 m). The drill hole ended at a depth of 350 ft (106.7 m) with the last five-foot (1.5 m) sample returning 0.005 oz Au/t (0.175 g Au/t) within Devils Gate Limestone. Regionally, stratigraphic hosts for gold mineralization occur in silty debris flow units within the Denay Formation, below the Devonian Devils Gate Limestone. At TAZ, an initial and straight forward target would be to offset drill hole VC96-8 and drill deeper to test for more robust gold mineralization in the underlying Denay which is conventionally inferred to be a better host than the Devils Gate Formation. Miranda intends to conduct geologic mapping and surface sampling to identify additional drill targets. In line with Miranda's business model a joint venture partner will be sought to further explore the project. The data disclosed in this press release have been reviewed and verified by Company Senior Geologist Steven Koehler, CPG, BSc. Geology and Qualified Person as defined by National Instrument 43-101.

Miranda Gold Corp. announced that a new exploration agreement with option to form a joint venture has been executed with NuLegacy Gold Corporation on Miranda's Red Hill property. Previous exploration at Red Hill intersected 45 ft of 0.237 oz Au/t (13.7 m of 8.105 g Au/t). NuLegacy will fund all exploration including a drill program that is expected to take place during the second quarter of 2010. Under the terms of the Agreement, NuLegacy is committed to spending $500,000 on or before December 31, 2010. NuLegacy may earn a 60% interest in the Red Hill project by funding $4,000,000 in qualified expenditures over a five year period. NuLegacy may then elect to earn an additional 10% interest by completing a bankable feasibility study or funding $10,000,000 in additional exploration. Red Hill is a sediment-hosted gold project located 15 miles (24 km) southeast of the 12 million-ounce Cortez Hills gold deposit within the Cortez Trend. The project covers an extensive area of hydrothermally-altered lower plate carbonate rocks. In 2006 drill hole BRH-013 intersected 80 ft of 0.146 oz Au/t (24.4m of 4.987g Au/t) from 1 920 to 2,000 ft (585.4 to 609.8m), including 45 ft of 0.237 oz Au/t (913.7m of 8.105g Au/t) from 1,920 to 1,965 ft (585.4 to 599.1m). Gold mineralization is hosted in silty carbonate rocks of the Denay Formation associated with altered lamprophyre dikes; and high levels of arsenic, antimony, mercury and thallium. These features indicate a Carlin-style gold system.