MIRANDA GOLD INCREASES SIZE OF NON-BROKERED PRIVATE PLACEMENT

Miranda Gold Corp., further to its news release of Nov. 15, 2012, and due to significant demand, has increased the size of its previously announced non-brokered private placement from $3-million to $5-million through the issuance of 20 million units at a price of 25 cents per unit. The private placement is now fully subscribed. Each Unit will consist of one common share and one non-transferable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share of Miranda at a price of $0.375 for the first two years and $0.50 thereafter until expiry five years from the date of closing the private placement. If the daily volume weighted average trading price of the common shares of Miranda is at least $0.50 per share for 20 consecutive trading days in the period commencing four months after the closing date and up to two years after the closing date, or at least $0.75 per share thereafter, Miranda will have the right, exercisable within five trading days thereof, to accelerate the expiry date of the Warrants to the date which is 30 days after notice is given to the holders of the warrants of the accelerated expiry date and a news release to that effect is given.