OCG.TO · 2019-02-08 12:00:00

Miranda Announces NAME Change and Share Consolidation

Corporate Actions

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

MIRANDA GOLD CORP.

NEWS RELEASE

MIRANDA ANNOUNCES

NAME CHANGE AND SHARE CONSOLIDATION

VANCOUVER, BRITISH COLUMBIA – February 8, 2019 – Miranda Gold Corp. (TSXV: MAD) (the

“Company”) announces that the Company is proceeding to change its name to Outcrop Gold Corp. and

consolidate its common shares on the basis of ten (10) pre -consolidated common shares to one (1) post -

consolidated common share (the “ Consolidation”). The Company’s common shares will commence

trading under its new name and on a post -consolidated basis under the ticker symbol “OCG” effective at

market opening on Monday February 11, 2019.

Immediately prior to completion of the Consolidation , the Com pany has 132,517,577 common shares

issued and outstanding. After giving effect to the C onsolidation, the Company will have approximately

13,251,757 common shares issued and outstanding, subject to the rounding of fractional common shares.

No fractional comm on shares will be issued as a result of the Consolidation. All fractional common

shares resulting from the Consolidation will be rounded down to the nearest whole number of common

shares. The Company’s outstanding incentive stock options and warrants wil l be adjusted on the same

basis (10:1) to reflect the Consolidation in accordance with their respective terms, with proportionate

adjustments being made to exercise prices.

Registered shareholders will receive a letter of transmittal from the Company’s tr ansfer agent,

Computershare Investor Services Inc., providing instructions on how to exchange their share certificates

representing pre-Consolidation common shares for new share certificates or Direct Registration Advice

(DRS) representing post -Consolidation common shares to which they are entitled as a result of the

Consolidation. No action is required by non -registered shareholders (shareholders who hold their

common shares through an intermediary) to effect the Consolidation.

ON BEHALF OF THE BOARD OF DIRECTORS

Joseph (Joe) Hebert, Chief Executive Officer

Tel: +1-775-340-0450

www.mirandagold.com

Neither the TSX Venture Exchan ge 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.