Miranda Gold Corp.
OTC Bulletin Board : MRDDF

Miranda Gold Corp.

September 13, 2007 14:30 ET

Miranda Gold Corp. Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2007) -


Miranda Gold Corp. (TSX VENTURE:MAD)(OTCBB:MRDDF)(BERLIN:MRG)(FRANKFURT:MRG) ("Miranda") is pleased to announce that it proposes to raise up to $4,683,000 by way of a non-brokered private placement through the issuance of 4,460,000 units at $1.05 per unit (the "Unit"). Global NR Holding SA, a Luxembourg based holding company which is controlled by the Lundin Family has agreed to purchase 2,400,000 Units and Exploration Capital Partners 1998-B Limited Partnership which is controlled by The Rule Family Trust has agreed to purchase 1,500,000 Units. Insiders and other investors will purchase the remaining 560,000 Units. Each Unit consists of one common share (a "Share") and one non-transferable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional Share for a period of two years at a purchase price of $1.50 per Share. If, after the expiry of all resale restrictions, the volume-weighted average Share price of Miranda is $2.10 or greater on the TSX Venture Exchange for any consecutive 10 days of trading, Miranda may, at its discretion, provide notice of an earlier expiry date of the Warrants, in which case the Warrants shall expire 30 business days after giving such notice.

A finder's fee of 6.5% will be payable in Units.

This private placement is subject to regulatory approval and all Shares and any Shares issued on exercise of the Warrants are subject to restrictions on transfer for a period of four months from closing the private placement.

The proceeds from the private placement will be used to further advance Miranda's exploration and property acquisition programs as well as on-going working capital purposes.

Treasury Status

Due to recent concerns regarding the sub-prime mortgage industry in the USA, some investors have inquired about the security of Miranda's cash treasury. As such, we are pleased to report that Miranda has neither cash invested in any banking instruments nor investments associated with the mortgage industry in any way. All cash reserves are on direct deposit earning interest in two Canadian National Banks.

Corporate Profile

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 Newcrest Resources Inc., Barrick Gold Exploration Inc., the Cortez Joint Venture, the Buckhorn Joint Venture, Romarco Minerals Inc., Piedmont Mining Company Inc. and White Bear Resources Inc.


Kenneth Cunningham, President and CEO

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information