Mira Resources Corp.

Mira Resources Corp.

February 10, 2012 09:30 ET

Mira Increases Private Placement to $4 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2012) - Mira Resources Corp. (TSX VENTURE:MRP) ("Mira") announces that its non-brokered private placement announced on January 9, 2012 has been increased from $3.5 million to $4 million. Mira will now issue 20,000,000 units at $0.20 per unit (the "Financing"). Each unit is comprised of one common share and one half warrant with each full warrant being exercisable at $0.30 per share for 12 months from closing.

Proceeds from the Financing are being expended on costs associated with Mira's recently completed re-entry program on its TSB #1 Well and for working capital. No commissions are being paid in connection with the Financing.

The Financing is subject to final approval of the TSX Venture Exchange.


Thomas Cavanagh, President and Director

Website: www.miraresourcescorp.com

Issued and Outstanding: 132,885,558

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from Mira's expectations include risks related to the exploration stage of Mira's project; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing.

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.

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