Drill Results Announced from Miranda Gold′s Angel Wing Project

Miranda Gold Corp. ('Miranda?) (TSX-V: MAD) announces drill
results from Angel Wing, a sediment hosted gold and epithermal vein
project in Elko County, Nevada. Miranda′s exploration funding partner
Ramelius Resources Ltd. ('Ramelius?) (ASX: RMS) completed 1,500 ft (457
m) of drilling in five holes. Unfavourable drilling conditions forced
the early termination of the drill program, which was to include a total
of 4,000 ft (1,212 m) of drilling in eight to ten holes.

Miranda′s President and CEO, Ken Cunningham states 'although we did not
drill as many holes as anticipated we are pleased with the initial
results. These results show that the location and continuity of the main
vein is predictable. In addition, we encountered additional 'blind?
veins that suggest this is a robust system that will ultimately require
drill testing both down-dip and along the entire length of the vein.?

The drill program at Angel Wing was designed to test: 1) the DaVinci
vein, where surface channel sampling had returned 10 ft (3 m) of 0.736
oz Au/t (25.2 g Au/t) and 2.6 oz Ag/t (89.2 g Ag/t) and, 2) the Goya
zone, where silicified sediments with quartz veining returned surface
values of up to plus 0.300 oz Au/t (10.3 g Au/t) over coincident
chargeable and resistive IP anomalies. The DaVinci vein is 850 ft (260
m) west of the Goya area and they represent two separate veins.

Of particular note were intervals of 5 ft of 0.118 oz Au/t (1.5 m of
4.05 g Au/t) and 5 ft of 0.111 oz Au/t (1.5 m of 3.80 g Au/t) in hole
AW10-03 intersected in the DaVinci vein. These mineralized intersections
in AW10-03 are separated by intervals of no sample due to the bad ground
encountered during drilling. The no sample intervals represent voids or
cavities in the limestone host rock. Although mineralization extends to
the end of the hole, it had to be abandoned due to loss of the drill
hammer. AW10-01, 02 and 03 were drilled from the same pad. AW10-01 and
AW10-03 were angle holes directed east and hit the DaVinci vein at
approximately 60 ft (18.29 m) and 125 ft (38.1 m) respectively below the
surface exposure. AW10-02 was directed northeast and hit the vein
approximately 100 ft (30.48 m) to the north along strike and at a depth
of approximately 230 ft (70.1 m) below the surface. Drill holes AW10-01,
02, 03 all hit the DaVinci vein as projected suggesting good continuity
of the vein. In addition, two veins were intersected that were not
observed at surface.

The two blind veins confirm that sub parallel veins are unexposed at
Angel Wing. In a classic epithermal vein system model, multiple sub
parallel veins sets can branch and horsetail at a higher level above a
primary vein containing bonanza grade ore. The presence of multiple vein
sets, which may branch from a deeper main vein provide further
encouragement for 2011 drilling.

A detailed drilling map and explanatory geological model for Angel Wing
can be viewed at http://www.mirandagold.com/s/Update.asp?ReportID=430676.

All significant drill intercepts (defined as any mineralization grading
0.010 oz Au/t (0.342 g Au/t) or 0.292 oz Ag/t (10 g Ag/t) or better over
5 ft (1.5 m) lengths are presented in the following table:

* Drilled intersections; True widths cannot be estimated at this time.

Drilling was suspended due to weather conditions and poor sample
recovery and will continue in the early 2011 field season. Less than 150
ft (46 m) of strike length was tested in the DaVinci vein and Goya zone.
Only a very small part of a multiple vein system extending over 1.24 mi
(2 km) has been tested thus far. A detailed IP survey over the available
1.24 mi (2 km) strike of the low sulphidation epithermal vein field at
Angel Wing will be completed during the 2011 field season ahead of
additional drilling. Ramelius will continue to drill at depth and along
strike of the DaVinci vein and test other veins inferred from the IP
survey.

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 Limited, Montezuma Mines Inc., Navaho Gold Pty Ltd.,
NuLegacy Corporation, Piedmont Mining Company Inc., Ramelius Resources
Ltd. and Red Eagle Mining Corporation.

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.

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.

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.

Miranda Gold Corp.

Fiona Grant, 1-877-689-4580

Manager,
Investor Relations