Nevada Cortez Gold Trend

4th largest gold producing area in the world

Message: Drilling Begins on Miranda Gold's Big Blue Project


VANCOUVER, British Columbia (Business Wire) -- Miranda Gold Corp. ("Miranda") (TSX-V: MAD) announces that
drilling has started at Big Blue, a sediment-hosted gold project in
Lander County, Nevada. Miranda's exploration funding partner, Ramelius
Resources Ltd. ("Ramelius") (ASX:RMS), plans to drill up to three holes
for a total of 3,600 ft (1,097 m). This is Miranda's first drill
campaign of the 2011 season.

The area to be tested with this first phase of drilling contains soils
with gold values from non-detectable to a high of 0.025 oz Au/t (0.850 g
Au/t) and rocks with gold values from non-detectable to a high of 1.70
oz Au/t (58.2 g Au/t). Historic drilling from three holes in the area
intersected 20 ft (6.1 m) of 0.007 oz Au/t (0.240 g Au/t), 5 ft (1.5 m)
of 0.032 oz Au/t (1.10 g Au/t), and 10 ft (3 m) of 0.071 oz Au/t (2.44 g
Au/t). Inferred northerly trending controls to mineralization are
indicated by local disrupted bedding, brecciation, oxidation, quartz
veins, silicification, and structurally controlled jasperoid.

Three west or northwest-directed 1200-ft (366 m) angle holes are planned
to be drilled on an approximately 1,250 ft (380 m) long cross section
through the target area. These holes will collar in chert and siliceous
sediments in the upper plate of the Roberts Mountain Thrust and test
more favorable lower-plate carbonates and inferred northerly faults at
depth in the vicinity of the surface and historic drill-indicated gold
anomalies. Previous drilling has not tested below a depth of 500 ft (152
m); lower-plate carbonates are projected to be encountered at a depth of
from 175 to 375 ft (53 to 114 m) in the planned holes.

The Big Blue Project consists of 255 unpatented lode mining claims
covering 8.2 sq mi (21.2 sq km) located in the Toiyabe Range, 13 miles
(21 km) north of Austin, Nevada. The project is on the south margin of
the Callaghan Window, a large area exposing Cambrian- through
Silurian-age lower-plate carbonate rocks in the footwall of the Roberts
Mountains Thrust. The lower-plate sequence includes the Roberts
Mountains, Hanson Creek and Pogonip Formations, of which all are known
to be favorable hosts for large, sediment-hosted gold systems in Nevada.

A target analogue for the Big Blue project is the Northumberland deposit
in the Toquima Range 39 miles (63 km) south of Austin, Nevada. Both the
Northumberland deposit and Miranda's Big Blue project are within
lower-plate windows showing alteration and gold mineralization, but are
off the well-defined Carlin and Cortez Trends. The Northumberland and
the Callaghan windows are both associated with similar district-scale
stream-sediment anomalies.

The data disclosed in this press release have been reviewed and verified
by President & CEO Ken Cunningham, P.G., MSc. 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
Agnico-Eagle (USA) Inc., Montezuma Mines Inc., Navaho Gold Ltd.,
NuLegacy Corporation, Piedmont Mining Company Inc., Ramelius Resources
Ltd., and Red Eagle Mining Corporation.


"Kenneth Cunningham"

Kenneth Cunningham

President and CEO

For more information visit the Company's web site at">
or contact Joe Hebert, Vice President Exploration 1-775-738-1877.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

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