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News Releases - Thursday, May 17, 2007
Miranda Gold Corp. and White Bear Resources Sign Second Joint
Venture Agreement
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Miranda Gold Corp. ("Miranda") (TSX-V: MAD) is pleased to announce that
it has entered into a joint venture with White Bear Resources, Inc.
("White Bear") whereby White Bear may earn a joint venture interest in
the Angel Wing property. The property consists of 87 unpatented lode
claims (2.8 sq mi / 7.3 sq km) in northeast Elko County, Nevada. This
is the second joint venture agreement Miranda has signed with White
Bear Resources.

The exploration agreement requires that White Bear fund $2,000,000 in
exploration activities over a five-year period in order for White Bear
to earn a 60% interest in the Angel Wing property. The first year's
$300,000 is an obligation that will include exploration expenditures as
well as payments to maintain the underlying mineral lease. Thereafter,
minimum escalating work expenditures are required in the following four
years. As a provision of maintaining its 60% interest, White Bear must
continue funding exploration until a positive feasibility study has
been completed, at which time White Bear will have elected to earn a
70% interest in the property. On receipt of regulatory approval, White
Bear will issue 100,000 common shares of White Bear to Miranda and pay
Miranda $30,000.

The Angel Wing property contains high-grade, gold-bearing, epithermal
veins hosted primarily within basement sedimentary rocks beneath a
volcanic sequence. The veins are exposed within a window eroded
through a large volcanic-hosted alteration cell. The poorly exposed
veins are up to 10 feet wide and trend northerly through silicified
carbonate rocks and project beneath zones of overlying bleached and
opalized rhyolite flows. These veins exposed at the surface or
intersected in past drilling can be traced for up to 2 � miles.

The quartz-calcite veins are characterized by platy and banded textures
and locally contain visible gold. Surface samples of vein material
containing gold mineralization occur commonly within Tertiary tuffs and
basalt. The latter mineralization is associated with silicification
and clay alteration. Gold is also associated with high selenium
values.

Angel Wing is located in the Goose Creek Mountains approximately 30
miles (48 km) north of Montello, Nevada. Past work has consisted
principally of mapping and sampling. High-grade, surface samples up to
2.700 oz Au/t (92.5g Au/t) occur in steeply dipping
quartz-calcite-adularia "bonanza" veins within Triassic limestone. The
high-grade veins remain untested by drilling in a zone measuring one
mile (1.6 km) along strike, 1,200 ft (366 m) wide and at depth.
Surface sampling has also identified disseminated, sediment-hosted gold
mineralization up to 0.044 oz Au/t (1.507 g Au/t) in silicified and
clay altered Paleozoic and Tertiary rocks. Past shallow-vertical
drilling targeted disseminated mineralization. This drilling returned
up to 0.047 oz Au/t over 50 ft (1.609 g Au/t over 15.2m) in drill hole
DC-7.

In advance of drilling, Miranda will immediately implement a
property-wide gravity and soil sampling survey and will conduct
geologic mapping. It is expected that this exploration will help
define structural trends and geochemical anomalies, which will be
trenched later in the year.

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

Joint Venture Exploration Update

Miranda currently has nine active joint ventures in Nevada and
anticipates 2007 exploration expenditures of at least $2.5 million.
This work includes approximately 60,000 feet (20,000 meters) of
drilling. Miranda is expecting final budgets from Barrick Gold
Exploration Inc. on the Horse Mountain and Red Hill properties, which
could increase expenditures and footage to be drilled this year.

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., White
Bear Resources Inc. and Piedmont Mining Company Inc.


ON BEHALF OF THE BOARD

"Kenneth Cunningham"

Kenneth Cunningham
President and CEO

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

The TSX Venture Exchange neither agrees nor disagrees with the
information contained herein.

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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Copyright (c) 2007 MIRANDA GOLD CORP. (MAD) All rights reserved. For
more information visit our website at http://www.mirandagold.com/ or
send mailto:fiona@mirandagold.com
Message sent on Thu May 17, 2007 at 7:21:21 AM Pacific Time
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