Miranda Gold signs agreement to explore in Mexico

Miranda Gold Corp. has signed an agreement with Y3K Exploration Company LLC (Y3K). Pursuant to the agreement, Y3K and its manager, David Griffith, will conduct a project generation program to locate and acquire properties having the potential to host “large” ore bodies of all valuable metals and minerals in Mexico funded by and for the benefit of Miranda. Y3K has accumulated an extensive database of potential mineral targets in Mexico and David Griffith has expertise in doing business, exploration and acquiring mining properties situated in Mexico.

Mr. Griffith has been active in Mexico for 15 years. While working as a geologist for Recursos Cruz del Sur S.A., Mr. Griffith took part in the La Esperanza discovery in 1993, currently known as the Cerro Jumil project that is now wholly-owned by Esperanza Silver Corporation, in the State of Morelos, Mexico.

Miranda has engaged Y3K on a renewable 12 month contract to conduct a minimum annual program of US$200,000. A wholly owned Mexican subsidiary of Miranda will directly stake or acquire projects identified through the program. Miranda and Y3K will jointly establish the work program and budget.

Ken Cunningham, Miranda’s President and CEO, said, Miranda believes this is a natural progression to our generative exploration in Nevada. A Mexican program will allow Miranda to have an active field season twelve months out of the year. Miranda’s exploration team will assist Mr. Griffith by advancing the acquired projects through exploration in preparation for offering the projects to potential joint venture partners. We are pleased to be working with someone who has both the experience base and track record that Mr. Griffith has in Mexico.