Miranda Gold terminates Romarco agreement

Miranda Gold Corp. announces the termination of the Red Canyon exploration funding agreement with Romarco Minerals Inc. (Romarco). Since July 2006 Romarco has delivered Miranda 250,000 common shares of Romarco and expended in excess of $500,000 to fund exploration on the project. These expenditures included an eight hole drill program totaling 6,070 ft (1,850 m) that intersected 85 ft of 0.046 oz Au/t (25.9 m of 1.568 g Au/t).

Drilling at the Ice prospect at Red Canyon by Romarco and others has identified a near-surface zone of oxidized gold mineralization that is hosted in Devonian limestone. The mineralized corridor is defined by five reverse-circulation drill holes and measures 250 ft by 740 ft (75 m by 225 m). Data compilation by Miranda geologists indicates that the exploration potential remains open along strike to the northeast in areas covered by post mineral volcanic rocks and alluvium. The northeast exploration potential is supported by existing drill holes, geologic mapping, gravity and structure contours.

Miranda is confident that quality targets still exist on the property and that further exploration and drilling is warranted. A new joint venture partner is currently being sought.

Miranda Gold Corp. is a gold exploration company active in Nevada and whose emphasis is on generating gold exploration projects within the Battle Mountain-Eureka and Cortez Trends. 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 Barrick Gold Exploration Inc., the Cortez Joint Venture, the Buckhorn Joint Venture, Piedmont Mining Company Inc. and White Bear Resources Inc.