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Advancing Exploration for
            World-Class Gold Discoveries
            Nevada - Colombia - Alaska
February 26, 2012
                                     www.mirandagold.com
Forward Looking Statement

 This presentation contains forward-looking statements and factual information that are current
 as of the date the presentation was originally delivered. Miranda Gold Corp. disclaims any
 intention or obligation to update or revise any forward-looking statements, whether as a result
 of new information, future events or otherwise.

 Forward-looking statements include, but are not limited to, statements with respect to the
 timing and amount of estimated future exploration, success of exploration activities,
 expenditures, permitting, and requirements for additional capital and access to data.

 Forward looking statements involve known and unknown risks, uncertainties, and other factors
 which may cause the actual results, performance or achievements of the Company to be
 materially different from any future results, performance or achievements expressed or implied
 by the forward looking statements. Such factors include, among others, risks related to actual
 results of current exploration activities; changes in project parameters as plans continue to be
 refined; the ability to enter into joint ventures or to acquire or dispose of properties; future
 prices of mineral resources; accidents, labor disputes and other risks of the mining industry;
 ability to obtain financing; and delays in obtaining governmental approvals of financing.

 The qualified person for any technical information in this presentation is Ken Cunningham,
 President and CEO.

 The information in this presentation has been obtained by Miranda from its own records and
 from other sources deemed reliable. However, no representation or warranty is made as to its
 accuracy or completeness.
                                                                                                    1
Why Consider Owning Miranda


 Currently drilling in Colombia = news flow all year

 1 drill hole or a discovery could dramatically effect share price

 Attractive price relative to treasury and partner spending

 Partners will spend ~$7M drilling 8 projects in 2012

 $6.5 M in treasury = ~2.5 year at current annual burn rate

 Annual burn is leveraged 2.6:1 by partner spending

 Strong technical team working in world-class gold districts
                                                                     2
Investment Profile

       Creating Shareholder Value through Project Generation and
  Exploration for Discovery of World-Class Gold Deposits
 while sharing exploration risk through a Joint Venture business model


 Aggressive Project Generator           Joint Venture Business Model
   ♦   Exploring numerous targets for     ♦   9 projects in Joint Ventures
       greater chance at discovery
                                        $18.0 million Market Capitalization
 16 projects total
   ♦ 13 Nevada properties                53.0 million shares outstanding
   ♦ 2 Colombia properties
                                        $6.5 million in working capital
   ♦ 1 Alaska property

                                                                              3
Share Structure

    Share Issued                             52,974,452
    Options                                   6,722,000          (ave. price $0.48)
    Warrants                                  6,886,492          (ave. price $0.95)
    Fully Diluted                            66,583,944

    Recent Share Price                               $0.34
    Market Capitalization                $18.0 million
    Cash Position                          $6.5 million
    Annual Burn Rate                       $2.7 million

    TSX-V: MAD                                   119,000
    OTCBB: MRDDF                                   50,000
    FSE: WKN 900519 (MRG)                            5,000
                                                                                      4
    Ticker Symbols          Daily Vol (3 Mth Ave as of Feb 27)
Exploring in World Class Areas

        Nevada
          • Carlin and Cortez gold trends
          • 8% of annual world gold production
          • ranked #4 in world gold production

        Colombia
          • Least explored country in South America
          • Hottest area for junior companies
          • 3 new +10 Million ounce discoveries in last 10 years

        Alaska’s Fairbanks District
          • Tintina gold-belt in Yukon and Alaska
          • 9M ounces of historical local placer gold production
          • Fort Knox (8M oz) and Livengood (13M oz)
                                                                   5
Business Model: Project Generator / JV


    Minimizes high risk of exploration

    Preserves treasury-minimizes shareholder dilution

    Provides investors numerous chances to participate in
    a discovery (lottery tickets)

    Leverages success by using other people’s money

    Requires patience and a long-term focus                 6
Major Shareholders

  Total Managed & Institutional Ownership = ~45%
    Global Resource (Sprott) Investments: 14%
    Lukas Lundin: 6.7%
    Adrian Day Asset Management: 6%
    Management: 6%
    High Net Worth German/Swiss: 7%
    Taylor Fund: 3.1%
    Rule Family Trust: 2.9%                       7
Total Nevada Projects: 13

                            Active JVs: 6
                               •   Red Hill
                               •   Red Canyon
                               •   Coal Canyon
                               •   Angel Wing
                               •   Big Blue
                               •   TAZ


                            Available:       7
                               •   Iron Point
                               •   East Spruce Mtn
                               •   Redlich
                               •   Rook
                               •   HOG
                               •   PPM
                               •   Fuse


                                                     8
Cortez Camp – Nevada’s
Most Recent World Class Discovery

  Barrick’s Cortez Camp: 42M oz (Pipeline, Cortez Hills & the Goldrush discovery)

  Miranda’s team: involved in the discovery of Cortez Hills and Goldrush

  Joe Hebert: Discovered Goldrush using “predictive geology”

  Concept: En-echelon structural pattern and spacing to deposits

  Miranda Gold: Significant projects in the Cortez Camp

  Red Hill Project: Next Discovery? 13.7 m of 8.12 g Au/t in hole BRH-13

  Deep Drilling: At least 3 holes to off-set BRH-13
                                                                                    9
Miranda’s Red Hill
                Next off-set mineralized zone in the
                           Cortez Trend?




Barrick’s new discovery




                                                   10
Red Canyon, Nevada
       JV Partner: Montezuma Mines Inc.
       Target: Carlin-style disseminated gold big alteration system
       2011 drilling – phase 1 – 1,605 m in 8 holes
       Results: 6.1 m of 7.03 g and 9.1 m of 3.93 g Au/t




                                                                      11
Angel Wing, Nevada

JV Partner: Ramelius Resources Ltd.   Drilling began October 16, 2010:
Target: Epithermal vein system
                                         ♦ 4,700 ft in 8-10 holes
2011 drill results:
   ♦ 1.5 m of 147 g Ag/t
   ♦ 4.57 m of 1.95 g Au/t
2012: deeper testing of system




                                                                         12
Ester Dome, AK


JV Partner: Agnico Eagle USA Limited
District size land package on
state owned land
Targets:
     ♦ High-grade shear zones
        & intrusive related gold
        (Ft. Knox – 8 M oz)
        (Livengood – 13 M oz)
Following up on 1998 PDX
drill hole:
     ♦ 6.0 m of 92.6 g Au/t
2011: 6 core holes – 1,287 m
Numerous zones of 0.3-0.9 g Au/t
2012: $700,000 drill program



                                       13
2012 Pavo Real Drill Program

                                                   Cruzada Adits
                                                   30m of 2.34g Au/t
                                                   11m of 1.32g Au/t




Hydrothermal Breccia
trench samples from
1g to 21g Au/t




                       Q.Virgen Adit
                       4m of 4.5g Au/t

                                         2012 Pavo Real Drill Program
Pavo Real Soil Grid
JV Partner: Red Eagle

5,000 m of core drilling in
progress

500 surface rock samples
average 4.1 g Au/t




                              16
2011 Summary


9 projects in partnerships
+$5.0 million in partner spending
8 projects drilled
~13,000 meters of drilling - 54 holes
Pavo Real drilling started in December = assays in 2012
Positive drill results to date:
 ♦   Big Blue:     25.9 m of 0.75 g and 16 m 0.82 g Au/t
 ♦   Red Hill:     0.5 to 1.0 g Au/t intercepts in numerous holes
 ♦   Red Canyon:   6.1 m of 7.03 g & 9.1 m of 3.93 g Au/t
 ♦   Angel Wing:   1.5 m of 147 g Ag/t
 ♦   Ester Dome:   6.1 m of 0.60 g Au/t
                                                                    17
2012 JV Partner
                 Drilling/Spending Forecast
Active JV's                                                        Planned Drilling


       Project          Partner   Yrs on Project      Location           Phase I         Start     Total $

                                                                 # holes       meters


Red Canyon        Montezuma             4          Nevada                                May      $800,000*
                                                                                                               *pending budget approval

Angel Wings       Ramelius              3          Nevada                                June     $750,000


Big Blue          Ramelius              2          Nevada                                May      $650,000

Red Hill          NuLegacy              3          Nevada         8-10                   April    $1,050,000


Coal Canyon       NuLegacy              2          Nevada          1                    August    Incl w RH


Taz               Navaho Gold           2          Nevada                                June     $600,000


Ester Dome        Agnico-Eagle          2          Alaska                                July     $700,000


Pavo Real         Red Eagle             2          Colombia        8                    January   $2,200,000


Cajamarca         Red Eagle             2          Colombia                             January   $200,000




2012 Totals        6 partners      9 projects         3 areas    not yet determined               $6,950,000
                                                                                                                                   18
2012 Outlook


  9 projects in continued partnerships

  ~ $7.0 million in partner spending

  8 projects to be drill tested

  Off-set Red Hill drill hole BRH13 (13.7 m of 8 g Au/t)

  Continuous news flow due to ongoing Pavo Real drilling

  Anticipate new Colombian/Nevada projects and joint ventures

  Seeking a strategic alliance in Colombia                      19

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PDAC 2012 booklet

  • 1. Advancing Exploration for World-Class Gold Discoveries Nevada - Colombia - Alaska February 26, 2012 www.mirandagold.com
  • 2. Forward Looking Statement This presentation contains forward-looking statements and factual information that are current as of the date the presentation was originally delivered. Miranda Gold Corp. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of properties; future prices of mineral resources; accidents, labor disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals of financing. The qualified person for any technical information in this presentation is Ken Cunningham, President and CEO. The information in this presentation has been obtained by Miranda from its own records and from other sources deemed reliable. However, no representation or warranty is made as to its accuracy or completeness. 1
  • 3. Why Consider Owning Miranda Currently drilling in Colombia = news flow all year 1 drill hole or a discovery could dramatically effect share price Attractive price relative to treasury and partner spending Partners will spend ~$7M drilling 8 projects in 2012 $6.5 M in treasury = ~2.5 year at current annual burn rate Annual burn is leveraged 2.6:1 by partner spending Strong technical team working in world-class gold districts 2
  • 4. Investment Profile Creating Shareholder Value through Project Generation and Exploration for Discovery of World-Class Gold Deposits while sharing exploration risk through a Joint Venture business model Aggressive Project Generator Joint Venture Business Model ♦ Exploring numerous targets for ♦ 9 projects in Joint Ventures greater chance at discovery $18.0 million Market Capitalization 16 projects total ♦ 13 Nevada properties 53.0 million shares outstanding ♦ 2 Colombia properties $6.5 million in working capital ♦ 1 Alaska property 3
  • 5. Share Structure Share Issued 52,974,452 Options 6,722,000 (ave. price $0.48) Warrants 6,886,492 (ave. price $0.95) Fully Diluted 66,583,944 Recent Share Price $0.34 Market Capitalization $18.0 million Cash Position $6.5 million Annual Burn Rate $2.7 million TSX-V: MAD 119,000 OTCBB: MRDDF 50,000 FSE: WKN 900519 (MRG) 5,000 4 Ticker Symbols Daily Vol (3 Mth Ave as of Feb 27)
  • 6. Exploring in World Class Areas Nevada • Carlin and Cortez gold trends • 8% of annual world gold production • ranked #4 in world gold production Colombia • Least explored country in South America • Hottest area for junior companies • 3 new +10 Million ounce discoveries in last 10 years Alaska’s Fairbanks District • Tintina gold-belt in Yukon and Alaska • 9M ounces of historical local placer gold production • Fort Knox (8M oz) and Livengood (13M oz) 5
  • 7. Business Model: Project Generator / JV Minimizes high risk of exploration Preserves treasury-minimizes shareholder dilution Provides investors numerous chances to participate in a discovery (lottery tickets) Leverages success by using other people’s money Requires patience and a long-term focus 6
  • 8. Major Shareholders Total Managed & Institutional Ownership = ~45%  Global Resource (Sprott) Investments: 14%  Lukas Lundin: 6.7%  Adrian Day Asset Management: 6%  Management: 6%  High Net Worth German/Swiss: 7%  Taylor Fund: 3.1%  Rule Family Trust: 2.9% 7
  • 9. Total Nevada Projects: 13 Active JVs: 6 • Red Hill • Red Canyon • Coal Canyon • Angel Wing • Big Blue • TAZ Available: 7 • Iron Point • East Spruce Mtn • Redlich • Rook • HOG • PPM • Fuse 8
  • 10. Cortez Camp – Nevada’s Most Recent World Class Discovery Barrick’s Cortez Camp: 42M oz (Pipeline, Cortez Hills & the Goldrush discovery) Miranda’s team: involved in the discovery of Cortez Hills and Goldrush Joe Hebert: Discovered Goldrush using “predictive geology” Concept: En-echelon structural pattern and spacing to deposits Miranda Gold: Significant projects in the Cortez Camp Red Hill Project: Next Discovery? 13.7 m of 8.12 g Au/t in hole BRH-13 Deep Drilling: At least 3 holes to off-set BRH-13 9
  • 11. Miranda’s Red Hill Next off-set mineralized zone in the Cortez Trend? Barrick’s new discovery 10
  • 12. Red Canyon, Nevada JV Partner: Montezuma Mines Inc. Target: Carlin-style disseminated gold big alteration system 2011 drilling – phase 1 – 1,605 m in 8 holes Results: 6.1 m of 7.03 g and 9.1 m of 3.93 g Au/t 11
  • 13. Angel Wing, Nevada JV Partner: Ramelius Resources Ltd. Drilling began October 16, 2010: Target: Epithermal vein system ♦ 4,700 ft in 8-10 holes 2011 drill results: ♦ 1.5 m of 147 g Ag/t ♦ 4.57 m of 1.95 g Au/t 2012: deeper testing of system 12
  • 14. Ester Dome, AK JV Partner: Agnico Eagle USA Limited District size land package on state owned land Targets: ♦ High-grade shear zones & intrusive related gold (Ft. Knox – 8 M oz) (Livengood – 13 M oz) Following up on 1998 PDX drill hole: ♦ 6.0 m of 92.6 g Au/t 2011: 6 core holes – 1,287 m Numerous zones of 0.3-0.9 g Au/t 2012: $700,000 drill program 13
  • 15. 2012 Pavo Real Drill Program Cruzada Adits 30m of 2.34g Au/t 11m of 1.32g Au/t Hydrothermal Breccia trench samples from 1g to 21g Au/t Q.Virgen Adit 4m of 4.5g Au/t 2012 Pavo Real Drill Program
  • 17. JV Partner: Red Eagle 5,000 m of core drilling in progress 500 surface rock samples average 4.1 g Au/t 16
  • 18. 2011 Summary 9 projects in partnerships +$5.0 million in partner spending 8 projects drilled ~13,000 meters of drilling - 54 holes Pavo Real drilling started in December = assays in 2012 Positive drill results to date: ♦ Big Blue: 25.9 m of 0.75 g and 16 m 0.82 g Au/t ♦ Red Hill: 0.5 to 1.0 g Au/t intercepts in numerous holes ♦ Red Canyon: 6.1 m of 7.03 g & 9.1 m of 3.93 g Au/t ♦ Angel Wing: 1.5 m of 147 g Ag/t ♦ Ester Dome: 6.1 m of 0.60 g Au/t 17
  • 19. 2012 JV Partner Drilling/Spending Forecast Active JV's Planned Drilling Project Partner Yrs on Project Location Phase I Start Total $ # holes meters Red Canyon Montezuma 4 Nevada May $800,000* *pending budget approval Angel Wings Ramelius 3 Nevada June $750,000 Big Blue Ramelius 2 Nevada May $650,000 Red Hill NuLegacy 3 Nevada 8-10 April $1,050,000 Coal Canyon NuLegacy 2 Nevada 1 August Incl w RH Taz Navaho Gold 2 Nevada June $600,000 Ester Dome Agnico-Eagle 2 Alaska July $700,000 Pavo Real Red Eagle 2 Colombia 8 January $2,200,000 Cajamarca Red Eagle 2 Colombia January $200,000 2012 Totals 6 partners 9 projects 3 areas not yet determined $6,950,000 18
  • 20. 2012 Outlook 9 projects in continued partnerships ~ $7.0 million in partner spending 8 projects to be drill tested Off-set Red Hill drill hole BRH13 (13.7 m of 8 g Au/t) Continuous news flow due to ongoing Pavo Real drilling Anticipate new Colombian/Nevada projects and joint ventures Seeking a strategic alliance in Colombia 19