2. 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.
Forward Looking Statement
3. Investment Profile
Aggressive Project Generator
♦ Exploring numerous targets for
greater chance at discovery
12 projects total
♦ 10 Nevada properties
♦ 1 Colombia property
♦ 1 Alaska property
Joint Venture Business Model
♦ 7 projects actively JV’d
$ 36.4 million Market Capitalization
51.2 million shares outstanding
$10.2 million in working capital
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
4. Business Model: Project Generator / JV
1) Initial Exploration Expenditure
$3 – 4 M over four to five years
~$400,000 first year obligation
2) Partner may then elect to earn a 70% interest by:
a) Completing a bankable feasibility study
OR
b) Incurring $10M in exploration costs, at a rate of $1M per year for 10
years
3) Cash Payments to Miranda
$275,000 in 2009
4) Issuance of Stock to Miranda
Portfolio of 4 junior mining stocks
6. New Board Member: Paul van Eeden
Strengthens Board of Directors
♦ Strategic thinker
♦ Macro economic expert
♦ Tough negotiator
Increases Market Visibility
♦ Greater access to markets
♦ Investor following from experience as broker with
Global Resource Investments Ltd.
♦ Investor following as newsletter writer and contributor to Canadian
Business News Network (TV)
7. Major Shareholders
Total Managed & Institutional Ownership = ~40%
Global Resource Investments: 14%
Lukas Lundin: 6.7%
Adrian Day Asset Management: 6%
German High-Net Worth Investors: 5%
Taylor Fund LLC: 3.1%
Rule Family Trust: 2.9%
8. AuEx (TSX-V: XAU)
Increase based on takeover
Discovery Potential
Increase based on major
discovery In Colombia
Increase based on good
drill & sample results
Ventana Gold (TSX-V: VEN)Mirasol Resources (TSX-V: MRZ)
10. Red Canyon, NV
JV Partner: Montezuma Mines Inc. (CMQ)
Target: Carlin-style disseminated gold – big alteration system
2009 drill results: 36.28 m of 5.211 g Au/t
2010 drilling: 3,433 m in 8 holes
Results: 6.1 m of 1.714 g Au/t and 6.1 m of 2.95 g Au/t
2011 drilling: + 2,200 m in 10 holes
12. Red Hill, NV
JV Partner: NuLegacy Gold
Corporation
Target: Carlin-style
disseminated gold – on trend
with major discoveries
Following up on 2006 drill hole
13.7 m of 8.105 g Au/t
$500,000 work commitment in
1st 15 months
Drilling in mid-November 2010:
~1,500 m in 5 holes
13. NuLegacy’s Expanded Red Hill Target
Wilson
Option
Miranda JV
Barrick Option
Coal
Canyon
District Consolidation
14. Angel Wing, NV
JV Partner: Ramelius Resources Ltd.
Target: Epithermal vein system
Currently drilling:
♦ ~1,200 m in 8 – 10 holes
Sampling results:
♦ Up to 92.5 g Au/t in outcrop
♦ 15.2 m of 1.609 g Au/t from
vertical drilling
15. Big Blue, NV
JV Partner:
Ramelius Resources Ltd.
Target: Carlin-style
disseminated gold
Following up on outcrop
samples containing
up to 41.1 g Au/t
$250,000 work commitment in
1st year
Drilling in Q4 2010: ~900 m in
3 holes
17. Ester Dome, AK
JV Partner: Agnico Eagle USA Limited
Targets:
♦ High-grade shear zones
and intrusive related gold
(Ft. Knox – 8 M oz)
Following up on 1998 PDX
drill hole
♦ 6 m of 91.2 g Au/t
$500,000 work commitment in
1st Year
$30,000 payment to Miranda Sheeted Veins in
Meta-Sediments
18. Ester Dome, AK
Ryan Lode
Grant Mine
Ester Creek
IAG
Targets
Shear Zone
Targets
Fairbanks
19. Colombia: Frontier Jurisdiction
Currently one of the hottest areas for
junior mining companies
First right of refusal on ExpoGold’s
project portfolio
♦ One project optioned - Pavo Real
♦ Four awaiting license approval
One active joint venture –
Red Eagle Mining
♦ Terms submitted for JV on second project
Currently interviewing for Country
Manager
La Colosa:13 M oz gold
20. Pavo Real, Colombia
JV Partner: Red Eagle Mining
♦ $500,000 work commitment in 1st Year
Target: Distal copper/gold skarn
♦ Surface samples up to 57 g Au/t
Air-Magnetic survey completed
Working on surface access issues
Acquiring additional concessions
Panned gold near Pavo Real
21. JV Drilling Forecast 2010 - 2011
Active JVs Planned Drilling
Potential
Drilling
Project Partner Location Phase I Phase 2 Total # Total Ft Start Min $ Add'l $ Total $
# holes feet # holes feet
Coal Canyon Queensgate Nevada 4 5,250 4 5,250 Compl. $440,000 terminated $440,000
Red Canyon CMQ Nevada 8 11,260 10 7,200 18 18,460 18-July $500,000 $500,000 $1,000,000
Angel Wings Ramelius Nevada 8 4,700 8 4,000 15-Oct $350,000 $350,000
Red Hill NuLegacy Nevada 5 5,000 5 5,000 Q4/2010 $500,000 $500,000
Big Blue Ramelius Nevada 3 3,000 3 3,000 Q4/2010 $250,000 $200,000 $450,000
Ester Dome Agnico-Eagle Alaska 10 7,500 10 7,500 Q2/2011 $500,000 $500,000
Pavo Real Red Eagle Colombia 8 3,000 8 3,000 2011 $500,000 $500,000
Redlich SIN Nevada in default $0
PPM Pedmont Nevada in default $0
Total JV Spending 46 39,710 10 7,200 56 46,210 3,040,000 700,000 $3,740,000
JVs In Review
TAZ Nevada $400,000 $0 $400,000
Cajamarca Colombia $500,000 $0 $500,000
22. 2010 Accomplishments
Accomplishments
♦ 3 Nevada projects drilled – 2 Pending
♦ Aggressive entry into Colombia – 5 new projects
♦ Newly staked Nevada Project
♦ Four new JV Partners including one major and one mid-tier
producer
♦ Stronger Board of Directors
♦ Added $4M to Treasury
23. 2010 – 2011 Outlook
Exploration Programs
♦ 7 joint ventures
♦ 2 projects under review for JV with terms submitted
♦ ~ 40,000 ft (12,192 m) of drilling in 2010-2011
- Three projects already drilled – 20,500 ft (6,248 m)
- Anticipate drilling at Big Blue, Ester Dome, Pavo Real, Red
Canyon & Red Hill – ~21,00 ft (6,462 m)
$3.7 million in partner spending
♦ Plus an internal exploration budget of $1.8 million in
Nevada and $0.7 million in Colombia
Organizing and staffing Miranda Gold’s
Colombian technical team