Miranda Gold Corp.

Miranda Gold Corp.

March 07, 2005 09:22 ET

Placer Dome U.S. Inc. Signs a Non-Binding Letter of Intent for an Exploration Agreement Regarding Miranda's Fuse Project


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MIRANDA GOLD CORP.

TSX VENTURE SYMBOL: MAD
OTC Bulletin Board SYMBOL: MRDDF
BERLIN, FRANKFURT SYMBOL: MRG

MARCH 7, 2005 - 09:22 ET

Placer Dome U.S. Inc. Signs a Non-Binding Letter of
Intent for an Exploration Agreement Regarding
Miranda's Fuse Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 7, 2005) - Miranda
Gold Corp. ("Miranda") (TSX
VENTURE:MAD)(OTCBB:MRDDF)(FWB:MRG)(BERLIN:MRG) is pleased to announce
that it has signed a non-binding letter of intent for an exploration
agreement regarding its Fuse property located in Eureka County, Nevada,
with Placer Dome U.S. Inc. ("Placer Dome").

The Fuse property is located within the southeast extension of the
prolific Cortez Trend within the Battle Mountain - Eureka gold belt,
approximately 10 miles east of the Placer Dome's ET Blue Property.

The Fuse property is comprised of 193 unpatented lode mining claims
covering approximately 6 square miles in Horse Creek Valley. The Horse
Canyon Valley/Pine Valley area represents a geologic setting similar to
Crescent Valley which hosts the Pipeline-Cortez mine complexes.

The Fuse claims are staked on alluvial cover over gravity highs that
suggest relatively shallow basement. Several prominent
west-northwest-trending and north-northwest-trending structural features
are also expressed in the gravity data. Some of these structural
features correspond with mercury soil gas anomalies identified with
Miranda's in-house surveys, which may reflect underlying
fault-controlled mineralization. Given the occurrence of lower-plate
windows and other recognized gold systems in the vicinity of Horse Creek
Valley, it is possible that the bedrock underlying the Fuse Project will
include favorable lower-plate host rocks.

Fuse represents an outstanding pediment exploration play and Miranda is
particularly excited about the unique technical expertise and
exploration model insight that Placer Dome brings to its Fuse property.

Miranda is a gold exploration company active in Nevada with an emphasis
on generating 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. In
addition to Placer Dome, Miranda has ongoing agreements with Newcrest
Resources Inc, Newmont Mining Company, Golden Aria Corp and Agnico-Eagle
(USA) Ltd.

For more information visit the Company's web site at www.mirandagold.com.

ON BEHALF OF THE BOARD

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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Miranda Gold Corp.
    Kenneth Cunningham
    President and CEO
    (604) 689-1659
    (604) 689-1722 (FAX)
    mad@senategroup.com
    www.mirandagold.com
    The TSX Venture Exchange neither agrees nor disagrees with the
    information contained herein.