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Miranda Gold Corp. Stakes Claims in East Roberts Mountains

03.03.2011  |  Business Wire

Miranda Gold Corp. ('Miranda?) (TSX-V: MAD) has staked 87 claims,
comprising the Rook Project in the East Roberts Mountains in Eureka
County, Nevada about 46.7km northwest of the town of Eureka. The Rook
property lies in the southern extension of the Battle Mountain-Eureka
Trend and covers an area of approximately 7.3sq km.


The Rook property is within the eastern margin of a lower plate Devonian
limestone window exposing of the Devils Gate Limestone and the Denay
Formation through the Roberts Mountain Thrust. Denay equivalent
limestone is a host for sediment-hosted gold deposits within the Cortez
and larger Battle Mountain-Eureka Trends.


A fault bounded corridor about 460m wide with associated jasperoid
alteration extends 4km northeast across the center of the Rook property
beginning from the Chert Cliff deposit. From among approximately 200
surface rock samples, jasperoid contains from below detection limit up
to 0.304g Au/t and elevated pathfinder elements of up to 3030 ppm
arsenic, 105 ppm mercury and 658 ppm antimony. Within the corridor, gold
mineralization and silicification occur near and along the presumed Webb
Formation and Devils Gate Limestone contact.


At the Chert Cliff deposit mineralization is hosted in Webb Formation
siltstones in contact with lower massive Devonian limestone. Drilling
near Chert Cliff by Platte River Gold Inc. ('Platte River?) in 2008
intersected 55m at 0.450g Au/t in the Denay Formation outside of the
Chert Cliff resource area. The drilling by Platte River confirms the
potential for significant mineralization at depth in the Denay Formation
on the Rook property.


The Rook project has favorable host rocks, alteration, geochemistry,
nearby drill results with significant mineralization, and small surface
gold resources nearby, all consistent with large sediment-hosted gold
systems in the Battle Mountain Eureka Trend. The Gold Bar deposits,
reportedly contained a gold resource exceeding 1.5 million ounces of
gold, is a target analogue for the Rook project.


Miranda plans to do additional mapping and surface sampling on Rook to
identify drill targets. In accordance with Miranda′s business model, a
joint venture partner will be sought to further explore the project.


Rock samples were assayed by ALS Chemex Laboratories, Inc. of Sparks,
Nevada. Gold results were determined using standard fire assay
techniques on a 30g sample with an atomic absorption finish. Samples
were also analyzed for a 50-element geochemical suite by ICP-AES.


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.


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.

(604) 689-4580


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