MIRANDA INTERSECTS HIGH-GRADE GOLD MINERALIZATION AT RED CANYON

Vancouver, BC, Canada January 26, 2010 Miranda Gold Corp. (Miranda) (TSX-V: MAD) reports results from a three hole, 1,137 ft (346.6 m) core drilling program at Red Canyon, a sediment-hosted gold project in Eureka County, Nevada. Mirandas exploration funding partner, Montezuma Mines Inc. (Montezuma), a wholly owned subsidiary of CMQ Resources Inc., is the first company to test the project with core drilling in over two decades of historical exploration.

Drill holes MR09-05C and MR09-06C were designed to follow-up known gold mineralization at Red Canyons Ice prospect and as such are not new discovery holes. MR09-05C intersected 119 ft of 0.152 oz Au/t (36.28 m of 5.25 g Au/t). This result verified the results in KR-001, a reverse circulation hole which intersected 95 ft of 0.117 oz Au/t from 20 to 115 ft (29.0 m of 4.012 g Au/t from 6.1 to 35.1 m), but with 30% higher grade and 25% greater thickness. MR09-06C intersected 60 ft of 0.10 oz Au/t (18.29 m of 3.43 g Au/t). MR09-04C had no significant assays. All drill results are summarized below and are based on a 0.010 oz Au/t (0.343 g Au/t) cutoff and represent drill indicated thicknesses.

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