Miranda Gold Reports Final Drill Results From Red Hill And Coal Canyon Projects

Miranda Gold Corp. (“Miranda”) (TSX-V: MAD ) is pleased to announce final drill results from its Red Hill and Coal Canyon projects in Eureka County, Nevada. Miranda's funding partner for both these projects, NuLegacy Gold Corporation (TSX-V: NUG), completed a total of nine reverse circulation holes, eight at Red Hill for a total of 10,180 ft (3,102.9 m) and one at Coal Canyon for 1,485 ft (452.6 m). The three Red Hill holes, RHM11-010 through -012 totaling 3,385 ft (1,031.7 m), and the Coal Canyon hole, RHCC11-001, were completed since the last Red Hill press release of August 31, 2011.

Miranda is encouraged that NuLegacy's last drill hole at Red Hill, RHM11-012 intersected significant gold mineralization and looks forward to NuLegacy's continued drill evaluation in 2012. The following table summarizes all significant gold intercepts in NuLegacy's drilling at Red Hill and Coal Canyon for 2010 and 2011. Significant intercepts are gold grades of 0.010 oz Au/ton (0.343 g Au/t) or better over intercepts of at least 5 ft (1.5 m). The significant gold intercepts are in stratigraphic units equivalent to those that host gold mineralization in the Cortez District.

Drill Hole				Depth-				Intercept-				Length-ft*				oz				Length-				g				Date reported
				ft				ft								Au/ton*				m*				Au/t
Red Hill
RHM10-001				1300				670-680				10				0.016				3.0				0.546				January 13, 2011
includes								675-680				5				0.019				1.5				0.622				January 13, 2011
RHM10-002				1200				970-1000				30				0.012				9.1				0.409				January 13, 2011
includes								995-1000				5				0.020				1.5				0.702				January 13, 2011
RHM10-003				1200				No significant intercepts																				January 13, 2011
RHM10-004				1220				No significant intercepts																				August 31, 2011
RHM11-005				1460				No significant intercepts																				August 31, 2011
RHM11-006				1500				645-660				15				0.027				4.6				0.923				July 6, 2011
includes								650-655				5				0.055				1.5				1.874				July 6, 2011
RHM11-007				980				No significant intercepts																				August 31, 2011
RHM11-008				1440				No significant intercepts																				August 31, 2011
RHM11-009				1415				980-995				15				0.017				4.6				0.610				August 31, 2011
RHM11-010				1385				No significant intercepts																				November 3, 2011
RHM11-011				1000				No significant intercepts																				November 3, 2011
RHM11-012				1000				445-460				15				0.025				4.6				0.841				November 3, 2011
Coal Canyon
RHCC11-001				1485				No significant intercepts																				November 3, 2011

*True widths of drilled gold intercepts cannot be determined at this time. Gold grades in oz Au/ton are calculated from original data in g Au/t.

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