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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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