Miranda $2.6 Million Private Placement and Share Consolidation

MIRANDA GOLD CORP.

NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

NEWS RELEASE

Miranda $2.6 Million Private Placement

and Share Consolidation

February 6, 2019 – Vancouver, British Columbia – Miranda Gold Corp. (TSX -V: MAD) (the “Company”) is

pleased to announce that it has received subscriptions for the purchase of 13,200,000 units at a price of $0.20 per

unit, for gross proceeds of $2,640,000. Each unit will consist of one post-consolidated common share and one share

purchase warrant exercisable to acquire a further post-consolidated common share at a price of $0.4 0 per share for a

period of five years.

The company will consolidate its shares on the basis of 10 existing shares for each new share concurrently with the

closing of the private placement. In addition, the Company will on closing change its name to Outcrop Gold Corp.

Closing of the transaction is subject to stock exchange acceptance. The Company is not proceeding with the

previous private placement last announced on November 21, 2018.

About Miranda

Miranda is a gold p rospect generator active in Colombia. Our emphasis is on acquiring gold exploration projects

with world-class discovery potential. Miranda performs its own grass roots exploration and then employs a joint

venture business model on its projects to maximize investor exposure to discovery and minimize financial risk.

Miranda has ongoing relationships with IAMGold Corporation and Newmont Mining.

ON BEHALF OF THE BOARD OF DIRECTORS

Joseph (Joe) Hebert, Chief Executive Officer

Tel: +1-775-340-0450

Email: [email protected]

www.mirandagold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.