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Miranda Gold Signs Exploration Funding Agreement with SIN Holdings on Redlich Project

^{Published on 2010-06-10 10:25:21 - Market Wire}
 

VANCOUVER, British Columbia--([ BUSINESS WIRE ])--Miranda Gold Corp. (aMirandaa) (TSX-V: MAD) announces the signing of an Exploration and Option to Form a Joint Venture Agreement (aAgreementa) with SIN Holdings Inc. (aSINa) (OTCBB: SNHI) whereby SIN may earn a joint venture interest in Mirandaa™s Redlich project in Esmeralda County, Nevada that formalizes the Letter of Intent announced on May 20, 2010.

Previous work on this property led to the identification of two styles of gold mineralization: high-grade bonanza quartz veins and volcanic-hosted disseminated gold mineralization. During the next six months SIN will specifically investigate the potential for additional high-grade mineralization within a favorable horizon characterized by an increase in gold values between 4,265 ft (1,300 m) and 4,755 ft (1,450 m) in elevation, which included an intercept of1.945 oz/t Au over 5 ft (66.6 g Au/t over 1.5 m). According to Mine Development Associates of Reno Nevada, who conducted a review of the Redlich data which led to the identification of the favorable gold horizon, there is strong evidence for the existence of a real, and potentially substantial, epithermal deposit on the property.

Miranda's Redlich project is located within the Walker Lane structural corridor, 55 miles (88 km) west of Tonopah, Nevada. The project consists of 113 unpatented lode claims and covers 3.7 square miles (9.5 sq. km.). Previous drilling focused on a northwest-trending fault corridor hosting high-grade gold in low-sulfidation quartz veins and thick, continuous zones of disseminated / quartz stockwork-hosted gold surrounding the high-grade veins. Multiple drill intercepts of finely-banded quartz veins contained gold grades exceeding 0.250 oz Au/t over 2 to 15 ft (8.6 g Au/t over 0.6 to 4.6 m).

More detailed information on the Redlich project can be found on Mirandaa™s website at [ http://www.mirandagold.com/s/Redlich.asp ].

The data disclosed in this press release have been reviewed and verified by Company Geologist and Nevada Projects Manager Steven Koehler, CPG, BSc. Geology and Qualified Person as defined by National Instrument 43-101.

Corporate Profile

Miranda Gold Corp. is a gold exploration company active in Nevada, Alaska and Colombia and whose emphasis is on generating gold exploration projects with world-class discovery potential. 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. Previous partners include Barrick Gold Exploration Inc., Newmont Mining Inc., Placer Dome (US) Inc., Agnico-Eagle (USA) Inc., Romarco Minerals Inc., Golden Aria Corp., the Cortez Joint Venture and the Buckhorn Joint Venture. Miranda has ongoing partnerships with Piedmont Mining Company Inc., White Bear Resources Inc., Queensgate Resources Corporation, Montezuma Mines Inc., NuLegacy Corporation, Red Eagle Mining Corporation, Ramelius Resources Ltd. and now SIN Holdings Ltd.

ON BEHALF OF THE BOARD

aKenneth Cunninghama

Kenneth Cunningham
President and CEO

For more information visit the Companya™s web site at [ www.mirandagold.com ] or contact Fiona Grant, Manager, Investor Relations 1-877-689-4580.

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.

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.