Mira Resources Corp.

Mira Resources Corp.

February 21, 2012 09:30 ET

Mira Resources Converts $1 Million Loan to Equity

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2012) - Mira Resources Corp. (TSX VENTURE:MRP) ("Mira") announces that it has converted an outstanding loan in the amount of $1,020,092 from Nubia Energy Limited ("Nubia") into common shares of Mira at $0.25 per share. Mira will issue a total of 4,080,368 common shares on conversion of the loan, the issued shares will be subject to a four month hold period.

The convertible loan received final TSX Venture Exchange approval on January 11, 2012.


Thomas Cavanagh, President and Director

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.

Issued and Outstanding: 152,885,558

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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