Miranda Gold Corp. Acquires and Stakes Claims in Pequop Mountains

VANCOUVER, BRITISH COLUMBIA, Apr 17 (MARKET WIRE) --
Miranda Gold Corp. ("Miranda") (TSX VENTURE: MAD)(OTCBB:
MRDDF)(FRANKFURT: MRG) has acquired 136 claims in the Pequop Mountains,
in Elko County, Nevada. The PQ Property comprises 36 leased claims
covering one square mile. In addition, the Company has staked an
additional 100 claims totaling 2.75 square miles surrounding the leased
claims.

The PQ Property is located approximately 18 miles east of Wells, Nevada
and approximately 8 miles north of the AuEx Ventures Inc. ("AuEx") and
Agnico Eagle (USA) Ltd. ("Agnico-Eagle") West Pequop Project.
Agnico-Eagle has recently staked claims that adjoin Miranda's Property on
the southeast. Many companies are continuing aggressive claim staking in
this area of the Pequop Mountains under the premise that the AuEx Long
Canyon and West Pequop discoveries may represent a new gold trend in
Nevada.

The geology on the property is a sedimentary rock sequence including
limestone, shale and conglomerates. These rocks are cut by predominately
north- and west-northwest-trending faults. Locally, the fault zones
control jasperoid and gossan occurrences and are marked by weak
silicification and bleaching. Limited rock chip sampling shows weakly
anomalous gold and arsenic mineralization, and significantly anomalous
mercury, antimony and zinc. Zinc is reportedly anomalous at both West
Pequop and Long Valley.

Miranda has signed a 20 year lease on the 36 claims and has paid a
$20,000 advanced royalty signing bonus. Advance royalty payments due on
the first and second anniversaries are $30,000 and $40,000. Third and
subsequent anniversaries require an advance royalty payment of $50,000.
The leased claims are subject to a net smelter return ("NSR") royalty of
3% and the surrounding claims, while staked by Miranda, fall within the
lease's Area of Interest and are subject to an NSR of 2%. Both royalties
are subject to a "buy-down" provision.

Once field conditions improve, Miranda will implement an evaluation of
the property that will include mapping, sampling and possibly a gravity
survey. In line with Miranda's business model, a joint venture partner
will be sought to further explore the PQ project.

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 Barrick Gold
Exploration Inc., the Cortez Joint Venture, the Buckhorn Joint Venture,
Piedmont Mining Company Inc., White Bear Resources Inc. and Queensgate
Resources Corporation.

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.

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

Contacts:
Miranda Gold Corp.
Fiona Grant
Manager, Investor Relations
(604) 689-4580 or 1-877-689-4580
Website: www.mirandagold.com

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