======================================================================
Re: News Releases - Wednesday, February 20, 2008
Miranda Gold Corp. Announces Termination of Redlich Exploration
Agreement
======================================================================
Miranda Gold Corp. (TSX-V: MAD) ("Miranda") announces that Newcrest
Resources Inc. ("Newcrest") has withdrawn from the Redlich Project
Exploration Agreement that was entered into on March 4, 2004. To date a
total of $1,735,687 has been spent on exploration by Newcrest. This
program included a 61 hole reverse circulation drill program as well as
a two hole diamond drill program for a total footage of 40,568 ft
(12,368 m). Extensive geologic mapping and a ground magnetics
geophysical survey were also completed. Miranda has contracted Mine
Development Associates, Inc. to assess the resource potential at
Redlich and to further determine the controls to the mineralization as
well as the remaining upside potential. This information will be
provided to interested parties with the goal of securing a new joint
venture partner during the 2008 exploration season.
Miranda controlled the Redlich property through a Lease Option to
Purchase Agreement. As of January 23, 2008 Miranda has satisfied all
requirements to exercise the option and now has a 100% title and
interest in the property, subject only to a royalty of 3% of Net
Smelter Returns.
Miranda's Redlich project is located within the Walker Lane structural
domain, 55 miles west of Tonopah, Nevada. The property consists of 213
lode claims and covers 4,400 acres (1,782 hectares). Newcrest's
drilling focused on a northwest-trending fault corridor hosting
high-grade gold in low-sulfidation quartz veins and thick, continuous
zones of disseminated / quartz stockwork-hosted gold surrounding the
high-grade veins. Multiple significant intercepts were encountered in
Newcrest's drilling, including:
.. 190 ft of 0.020 oz Au/t (70.1m of 0.685 g Au/t) in hole R-33;
.. 5 ft of 1.350 oz Au/t (1.5m of 46.233 g Au/t) in hole R-43;
.. 210 ft of 0.019 oz Au/t (64.0m of 0.651 g Au/t) in hole R-56;
.. 55 ft of 0.046 oz Au/t (16.8m of 1.57 g Au/t) in hole R-73;
.. 90 ft of 0.056 oz Au/t (27.4m of 1.92g Au/t) including 5 ft of 0.603
oz Au/t (1.5m of 20.65g Au/t) in R-76;
.. 5 ft of 0.375 oz Au/t (1.5m of 12.85 g Au/t) within a 60-ft interval
of 0.043 oz Au/t (18.3m of 1.47 g Au/t) in hole R-77;
.. 55 ft of 0.028 oz Au/t (16.8m of 0.970 g Au/t) in core hole RD-1.
Miranda believes that quality exploration targets remain to be tested
and is optimistic that a new partner will be found to continue
exploration. Miranda will continue studying grade continuity and
possible mineralization controls in cross sectional and 3D computer
model formats. Miranda wishes to thank Newcrest for their diligent work
and for a successful relationship on the Redlich project.
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
Barrick Gold Exploration Inc., the Cortez Joint Venture, the Buckhorn
Joint Venture, Romarco Minerals Inc., Piedmont Mining Company Inc. and
White Bear Resources 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 does not accept responsibility for the
adequacy or accuracy of this release.
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.
======================================================================
Copyright (c) 2008 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 Wed Feb 20, 2008 at 8:18:44 AM Pacific Time
======================================================================
.