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Re: News Releases - Monday, August 20, 2007
Miranda Gold Corp. Project Updates: Angel Wing and Horse Mountain
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Angel Wing

On behalf of Joint Venture partner White Bear Resources Inc. ("White
Bear"), Miranda Gold Corp. ("Miranda") (TSX-V: MAD) geologists are
conducting geologic mapping, systematic soil sampling and rock-chip
sampling, and are interpreting a recently-completed 420 station
property-wide gravity survey. It is expected that these field programs
will help define structural trends and geochemical anomalies, which
will be trenched and drilled later in the year.

The Angel Wing property contains two styles of epithermal gold
mineralization associated with a 6-mile (9.6km) long,
northeast-striking structural zone. The first style, with high-grade,
gold-bearing, epithermal veins, occurs within a carbonate window eroded
through a large volcanic-hosted alteration cell. The poorly exposed
veins are up to 10 ft (3.05m) wide and trend northerly through
silicified carbonate rocks for 2.5 miles (4.0km). Select channel
samples, from steeply dipping quartz-calcite-adularia veins, returned
assays ranging from 0.010 to 2.700 oz Au/t (0.343 to 92.5g Au/t). The
high-grade veins remain untested in a zone measuring one mile (1.6km)
along strike, 1,200 feet (366m) wide and at depth. Surface sampling
also identified disseminated, sediment-hosted gold mineralization with
grades up to 0.044 oz Au/t (1.507g Au/t) in silicified and clay-altered
Paleozoic rocks. Shallow drilling by previous exploration companies
for disseminated gold reported intersecting 0.047 oz Au/t over 50 feet
(1.609 g Au/t over 15.2m) in drill hole DC-7. Both styles of gold
mineralization will be evaluated with the current exploration program.

Drilling is expected to be conducted in the Fall of 2007 dependent on
drill rig availability.


Horse Mountain

Following the recent termination of the joint venture on Horse
Mountain, Miranda geologists have reviewed exploration data generated
by Barrick Gold Exploration Inc. ("Barrick), the Company's previous
joint venture partner. Based on the data generated through exploration
activity, Miranda geologists believe high-quality drill targets exist
within a structurally uplifted block ("horst") and along the margins of
this block for high-grade gold mineralization.

During the two years of the agreement at Horse Mountain, Barrick
completed a total of 11,776 ft (3,590m) of drilling in five holes
spaced 1,000 to 2,000 ft (304 to 610m) apart. Cumulative expenditures
by Barrick over this two year period totaled US$872,000. To date, eight
drill holes have intersected lower-plate carbonate rocks beneath a
3,300 by 7,200 ft (1.0 by 2.2 km) zone of pervasively altered and
geochemically anomalous upper-plate rocks. These holes begin to outline
a 950 by 2,000 ft (290 by 610m), northeast-striking carbonate horst
that is covered by the altered upper-plate rocks. The carbonate horst
contains gold mineralization, vertically-extensive hydrothermal
alteration, a deep oxidation plume and igneous dikes. Similar
geological features to those observed at Horse Mountain are documented
at the Cortez Hills and West Leeville gold deposits of northern Nevada.

Drill results at Horse Mountain include:
.. 98 ft of 0.023 oz Au/t (29.9m of 0.789 g Au/t) in hole BHM-001;
.. 90 ft of 0.022 oz Au/t (27.4m of 0.753 g Au/t);
.. and 50 ft of 0.016 oz Au/t (15.2m of 0.567 g Au/t) in hole BHM-005.


Gold mineralization in BHM-001 is hosted in oxidized, decalcified and
clay-altered Roberts Mountains Formation, in the lower-plate carbonate
horst. Miranda geologists are particularly encouraged by the strength
of the hydrothermal alteration cell as evidenced by oxidation to depths
in excess of 1000 feet and significant gold mineralization with
thicknesses averaging close to 85 feet. A gold-bearing Carlin-type
mineral system has been discovered at Horse Mountain and Miranda hopes
to guide future exploration to finding the high-grade portions of it.

Miranda is actively seeking a joint venture partner for this project
and is currently showing data to several interested parties.


The data disclosed in this press release have been reviewed and
verified by Company Senior Geologist Steven Koehler, P. Geo., 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 and
whose emphasis is on generating gold exploration projects within the
Battle Mountain-Eureka and Cortez Trends. 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
Newcrest Resources Inc., Barrick Gold Exploration Inc., the Cortez
Joint Venture, the Buckhorn Joint Venture, Romarco Minerals Inc., White
Bear Resources Inc, and Piedmont Mining Company Inc.


ON BEHALF OF THE BOARD

"Kenneth Cunningham",

Kenneth Cunningham
President and CEO

For more information visit the Company's web site at
www.mirandagold.com or contact Fiona Grant, Manager, Investor Relations
1-877-689-4580.

The TSX Venture Exchange neither agrees nor disagrees with the
information contained herein.

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.

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Copyright (c) 2007 MIRANDA GOLD CORP. (MAD) All rights reserved. For
more information visit our website at http://www.mirandagold.com/ or
send mailto:fiona@mirandagold.com
Message sent on Mon Aug 20, 2007 at 8:10:40 AM Pacific Time
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