Miranda Gold Corp. - JV Partners

JV Partners Properties Seeking JV

Miranda Gold Corp. has established a reputation as high-quality project generators attracting a variety of mining companies to fund the exploration on our properties. By successfully leveraging our technical expertise into joint venture partnerships we lower the risk of early stage exploration and preserve shareholder wealth. In exchange for earned interest in the projects they finance, our Joint Venture partners also allow for greater growth opportunities for shareholders.

Joint venture partners are responsible for funding all exploration on those projects under agreement in exchange for a majority interest in the property. The Company's Joint Venture model is unique in that they require their partners to continue spending money until a bankable feasibility study is complete otherwise forfeiting their interest in the project. This protects the Company from a partner deciding to shelve the project due to shifted priorities or lack of financing.

Below is a list of our current partners:

Piedmont Mining Company Inc.

www.piedmontmining.com
Piedmont Mining Company, Inc. is focused on exploration of properties in Nevada that have the potential to host high-grade gold and/or silver deposits. The Company's strategy is to select properties which it believes have exceptional potential and option or joint venture them only with experienced exploration groups. The Company does not intend to build its own exploration staff. The Company has now entered into earn-in agreements with experienced exploration groups on 7 gold and/or silver properties in Nevada.

Piedmont has entered a joint venture agreement with Miranda Gold on the PPM Project, located in the north-end of the Battle Mountain-Eureka Trend. Under the terms of the agreement, Piedmont must expend at least $175,000 in exploration work during the first year of the agreement, $200,000 during the second year, $300,000 during the third year, $425,000 during the fourth year and $650,000 during the fifth year of the agreement. Upon completing the total $1,750,000 work expenditure requirement, Piedmont will have earned a 55% interest in the property and the project. At that point, Piedmont and Miranda would enter into a joint venture with Piedmont being the operator. After the first year of the agreement, Piedmont may terminate the agreement at any time on 30 days written notice.

White Bear Resources Inc.

White Bear is joint ventured on two properties with Miranda Gold. In the first agreement, on Angel Wing, White Bear can earn a 60% interest in the property by funding $2,500,000 in exploration activities over a period of five years. White Bear may then elect to earn an additional 10% interest by funding a bankable feasibility study or by spending an additional $10,000,000. The first and second year work expenditures - $100,000 and $200,000 respectively - are obligations in the agreement. The effective date of the agreement is May 2007.

In November 2006 White Bear signed an agreement on the Iron Point property which Iron Point requires that White Bear fund $2,000,000 in exploration activities over a five year period. By funding this exploration White Bear would earn a 60% interest in the project, with the option to earn an additional 10% by funding a bankable feasibility study. A minimum expenditure of $300,000 is required in the first year of the agreement.

Queensgate Resources Corporation

www.queensgateresources.com
Queensgate Resources Corporation (QGR) is a Montreal, QC based natural resources exploration company focusing on discovering and developing precious metals properties in Nevada. With over 45 years experience working from a technical office in Vancouver, BC; QGR acts either independently or as a joint venture partner to fund and execute exploration work programs on grassroots level and advanced stage exploration properties where a resource may require further delineation and validation.

Queensgate signed an exploration funding agreement in March 2008 on three of Miranda Gold's properties: Coal Canyon, BPV, and CONO. Queensgate must fund $3,000,000 in exploration activities over a five-year period in order to earn a 51% interest in the properties. Upon earning a 51% interest Queensgate may earn an additional 9% interest, for a total of 60%, by funding an additional $2,000,000 and can eventually earn up to a 70% interest in all three properties by funding a bankable feasibility study on any one of the properties. The first year's $260,000 is an obligation that will include exploration expenditures as well as payments to maintain the underlying mineral lease. In addition to the work expenditures, Queensgate will issue 100,000 common shares of Queensgate to Miranda.

Montezuma Mines Inc.

www.cmqresources.com
Montezuma Mines Inc. is a subsidiary of CMQ Resources, a mineral exploration company focused principally on the exploration of its Montezuma property in Nevada, on the advancement of its earlier stage exploration property Vasquir, also in Nevada, and the Kuusamo property in Finland.

In August 2008 Montezuma Mines signed an exploration funding agreement on Miranda Gold's Red Canyon project in 2008 whereby CMQ can earn a 60% interest by funding $4,000,000 over five years. Montezuma may then elect to earn an additional 10% by completing a bankable feasibility study or by funding $10,000,000 in additional exploration.The first year's work commitment of $500,000 is an obligation.

NuLegacy Gold Corporation

NuLegacy Gold Corporation is a private Nevada focused gold exploration company financed and operated by original founding principals of National/Alamos Gold Corporation and Gryphon Gold Corporation. The Company is acquiring high quality 'drill ready' properties utilizing its cash and stock, and its management and directors' well respected reputation for successfully identifying, financing and discovering gold resources. The Company's objective is the discovery of a significant multi-million ounce gold deposit in Nevada utilizing highly focused exploration programs that will make extensive use of sophisticated techniques for targeting the follow-up drilling to the previous exploration programs.

NuLegacy has the option to earn a 60% interest in the Red Hill property by funding $4,000,000 in exploration work over a five-year period. A work commitment of $500,000 is required within the first 15 months of the agreement, which is effective as of October 1, 2009.

Red Eagle Mining Corporation

Red Eagle is a private company, incorporated in British Columbia, with its head office in Vancouver. The Chairman and CEO of Red Eagle is Ian Slater who is also a director of Miranda. Red Eagle is focused on the exploration and development of gold and base metal projects in Latin America.

Red Eagle can earn a 70% interest in the Pavo Real Concession by funding US$4,000,000 in qualifying expenditures over a four year period, of which $500,000 is an obligation, followed by either completing a positive feasibility study within the following eight years or by annually funding $1,000,000 in exploration and development during the next 10 years. An optional 10% interest, for a total of 80%, can then be earned if Red Eagle elects to fund all costs associated with placing the project into production. The first year's work commitment of $500,000 is an obligation and is effective as of January 2010.

Ramelius Resources Ltd.

Ramelius is a successful Australian based gold miner and active explorer, currently producing gold from its 100% owned high grade Wattle Dam underground gold mine near Kalgoorlie in Western Australian.

Miranda Gold Corp. ("Miranda") (TSX-V: MAD) signed an Acceptance Letter with Ramelius Resources Ltd. ("Ramelius") (ASX: RMS) whereby Ramelius may earn a joint venture interest in the Big Blue Project in south-central Lander County, Nevada. The Acceptance Letter is subject to Ramelius completing technical due diligence within 30 days. The Acceptance Letter will then be replaced by a definitive option agreement where Ramelius must spend US$4,000,000 over a five-year period to earn an initial 60% interest in the Big Blue project. The first year's commitment of US$250,000 is an obligation. Required exploration expenditures increase in subsequent years. To retain its 60% interest, Ramelius must then continue funding 100% of exploration costs to earn an additional 10% interest by completing a bankable feasibility study within eight years or by spending an additional $10,000,000 within 10 years. On signing a definitive option agreement Ramelius must make a cash payment of US$50,000 to Miranda as reimbursement for staking and filing costs associated with Big Blue.