Red Hill Exploration Funding Agreement

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VANCOUVER (Business Wire) -- Miranda Gold Corp. ("Miranda") (TSX-V: MAD) announces that
NuLegacy Gold Corporation ("NuLegacy") (TSX-V: NUG) has signed an
amendment to the Red Hill exploration funding agreement (the
"Agreement"). The Agreement now incorporates Miranda's Coal Canyon
project along with the Red Hill project and increases the earn-in
requirement by US$1.5 million with a drill commitment on Coal Canyon.




Under the terms of the Agreement, NuLegacy must spend an additional
US$1,500,000 in qualifying exploration expenditures over a four year
period, for a new total of US$5,500,000. NuLegacy has committed to drill
three 1,500 ft (457 m) holes on the Coal Canyon project by the end of
2013. Miranda will also receive an additional 50,000 shares in NuLegacy
upon signing the Agreement.




For further information on the Red Hill exploration funding agreement
visit
large claim block from Barrick Gold Exploration Inc. that is contiguous
to and west of the Red Hill such that they now control a district sized
project of 45 sq mi (116 sq km). Miranda's Coal Canyon property is
adjacent to the Barrick ground. Miranda sees this district wide
consolidation as a positive move as it indicates that NuLegacy is
committed to fully exploring the area over a period of years.




Project Details




The Coal Canyon sediment hosted gold project consists of 64 unpatented
lode claims in the heart of the Cortez Trend. The property is 10 mi (16
km) south of Barrick's Cortez Hills gold deposit (+13 M oz) and it
adjoins the northeast side of US Gold's Tonkin Springs property. The
property occupies 2 sq mi (5.2 sq km) of the Windmill lower-plate
window, a feature that exposes favorable carbonate rocks that are
analogous to carbonate rocks that host the Cortez Hills and Pipeline
gold deposits.




Mapping and sampling has shown a high-priority target in the
northwestern portion of the property where a discrete west-northwest
trending corridor of faulting, lamprophyre dikes, folding, alteration
and elevated surface gold, arsenic and antimony. The fault-fold corridor
is 2,600 ft by 6,500 ft (800 m by 2,000 m) in dimension and
approximately half of that area has never been drilled. West-northwest
zones of fault, fold and dikes are known to be important controls to
mineralization elsewhere in the Cortez Trend




Five drill holes within the corridor show hydrothermal alteration and
dikes in the Roberts Mountains and Hanson Creek Formations. Of
particular interest was drill hole MCC-4 which intersected 10 ft of
0.011 oz Au/t from 980 to 990 ft (3.0 m of 0.392 g Au/t from 298.8 to
301.8 m) 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). The higher level gold is associated with an interval of sooty
pyrite and silica cemented breccia and dolomite stockwork.




For more details on the Coal Canyon project visit http://www.mirandagold.com/">www.mirandagold.com
or contact Fiona Grant, Manager, Investor Relations 1-877-689-4580.