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 Joseph Hebert,
President and Chief Executive Officer.
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 STATEMENTS
3. EXECUTIVE SUMMARY
! Miranda Gold is a “Prospect Generator” operating in Colombia with experienced
management and staff.
! Seven quality projects in Colombia:
Five Projects located in the Department of Antioquia where four Gold Projects recently received
operating permits (Buritica, Gramalote, Santa Ramon, and Cisneros).
! Two joint ventures with Newmont Mining (Lyra project) and IAMGOLD (Antares) with a
combined $1.4M spending forecast in the next 18 months
! Cauca Project has a “pit constrained” resource of 700,000 Au/Eq. The La Custodia deposit is
a Cu-Au porphyry with a persistent overprint of epithermal gold-silver vein zones. These vein
zones are responsible for most of the gold and silver in the resource. Miranda infers that
existing wide spaced drilling significantly under-samples numerous vein zones, whereas in
reality they represent significant volumes of high-angle tabular higher grade material.
4. EXECUTIVE SUMMARY
! Miranda Holds an Option for a 3.3% Royalty on Lucky Shot Mine,
Alaska
! Very undervalued compared to peer Prospect Generator companies.
Only 2 Million CAD market cap
Company Market Cap
in Million CAD
09-19-18
Miranda Gold 2
Royal Road 13.9
Radius Gold 11.3
Evrim Resources 107.9
Mirasol Resources 80.2
Riverside Resources 8.9
Lara Exploration 20.3
5. Key Management
John Anderson
Acting Chairman of Board
John Anderson, President of Purplefish Capital, has over 20 years of Capital
market experience specializing in the resource sector. He was a founder of
Deep 6 PLC, American Eagle Oil and Gas as well a founding general
partner in Aquastone Capital LLC, a New York based gold fund. Anderson
has raised more than $35 million for Triumph Gold where he also serves as
executive chairman.
Joe Hebert, B.S. Geo.
President, Chief Executive Officer and Director
President and Chief Executive Officer since January 28, 2016 - Joseph Hebert
has been with Miranda since May 2004. Mr. Hebert is credited with team
participation in multiple gold discoveries in Nevada and Utah over the course
of his 32 year career and was instrumental in assembling the company's
exploration staff in Medellin, Colombia. In 2004 drilled the first hole in ET Blue,
now Goldrush on the Barrick’s Cortez Mine Project.
6. Capital Structure
Outstanding Price ($) Shares
Common shares @ Aug 2018 52 week low $0.020
52 week high $0.075
132,517,577
Stock Options
(522,500 expire Oct 2018)
Average $0.115 4,682,500
Warrants All exercisable at $0.12
($6.8m, if exercised)
29,140,555 exp. Jun 2021
27,512,500 exp. Mar 2022
Fully diluted 193,853,132
Cash – Aug 31, 2018
(Burn ~ $140,000 / mo.)
Financing September 2018
to be followed by 10:1 Share
Consolidation
CAD $270,000 Reported
CAD $1,500,000 Financing
7. Asset Profile
Projects:
! Seven quality Projects in
Colombia
! Focusing on higher-grade
Epithermal Vein Systems
! Cauca project advanced with a
resource.
NSR:
! Low cost option to buy a 3.3%
royalty on the Lucky Shot
Mine, Alaska
Joint Ventures:
! JV With IAMGOLD on Antares
Project near Gramalote.
! JV with NEWMONT on Lyra
Project adjacent to world class
Buritica Mine
8. Why Colombia?
! Frontier jurisdiction with high discovery rate.
! Least explored country in the Andean chain in South
America.
! Still actively exploring for outcropping deposits.
! World-class gold systems have been discovered recently.
9. Changes in Colombia
! Armistice signed with FARC, arms surrendered and joining parliament.
! San Ramon Mine, Buritica, and Cisneros all permitted U/G mines.
! Gramalote First Large Scale Open Pit Gold Mine Permitted in the Andes.
! Un-explored areas are opening in low competition environment.
! Diminished Oil and coal royalty revenues provide incentive to support mining.
! Recent strategic investments by Newmont and Red Kite in Continental Gold.
! Major mining companies are looking for projects or equity investments in Juniors:
Newmont Mining: Buritica (Continental Gold), Lyra (Miranda),
Anza (Orosur Mining).
Barrick Gold: Strategic investment in Royal Road Minerals.
10. Colombia
Projects
Department Antioquia
• Lyra – Jv with Newmont
• Antares – Jv with IAMGOLD
• Kuntur
• Oribella
• Argelia
Department Cauca
• Cauca – Flagship project with
resource
Department Nariño
• Mallama – Near term
production scenario possible
11. Cauca Project – Advanced project
with Resource
! Has a NI43101 project technical report, an internal company resource estimate, and PEA
level work such as metallurgical testing, mining and milling cost estimation and an open pit
optimization. Only the technical report is NI43101, but good standards were employed for all.
! A pit constrained resource of 310,000 ounces gold, 1.3M ounces silver, and 83,000,000lbs
copper for a gross recoverable metal value of $625,000,000. The project was considered
potentially economic at the time of vendor’s internal PEA stage evaluation. Calculated using
$850 gold price and 0.248 g Au/t cut-off. Recoveries from testing for all metals are 80 to
90%.
! Miranda infers most Au and Ag values are in epithermal veins, and under-sampled in
100-200m drill spacing and by common vertical holes. Current Au and Ag grades with a Cu
credit provide 0.66 g Au t/Eq. Miranda is targeting a doubling of the in-pit resource grade by
delineating and accurately modeling vein zones unprojected in the existing resource model.
! Higher modeled grades are likely to expand the existing optimized pit to include +0.30 g/t Au
grade shells currently adjacent and below the pit limits and lower the strip ratio. Currently the
optimized pit shows a moderate strip, and recoveries at 85 to 90% with gravity-flotation-
cyanidation. Excellent upside near existing pit and on rest of project and adjoining lands in
the district under application by Miranda.
12. Cauca Project – Pit constrained resource
of 0.30 g/t Au grade shells
• Inferred Resource of 700,000 oz Au/
Eq. from 24,000m of core.
• Grade 0.66 g/t Au/Eq. (Cu, Ag
credits)
• Epithermal vein swarm overprint
porphyry style mineralization
• 100-200m centers for existing drilling
likely to underestimate grades
• Infill and angle holes oriented
perpendicular to vein zones could
increase overall grade for Au and Ag
and significantly enhance the
deposit.
Optimized “starter pit” La Custodia zone
13. HOLE
From
(m)
To
(m)
Interval
(m) **
Average
(g Au/t)
DHHU007 216 254 38 0.68
DHHU004 230 288 58 0.60
DHHU008
3.3 32 28.7 1.38
69.6 92 22.4 0.71
DHHU008A 161 181.35 20.35 0.54
DHLC002
20 80.86 60.86 0.52
123.5 144 20.5 0.52
152.45 161.6 9.15 0.61
272 291 19 1.47
347 357 10 0.72
399 408 9 2.61
414.2 447.61 33.41 2.18
DHLC003
154.9 177.8 22.9 0.63
193 199 6 0.82
335.4 343.5 8.1 0.75
418.65 428.2 9.55 0.74
DHLC004 8 24 16 0.61
88.8 96.1 7.3 0.96
116.4 121.7 5.3 0.68
344 353.8 9.8 0.94
369 381.3 12.3 0.68
408.8 416.5 7.7 0.84
DHLC006 29.8 75 45.2 0.97
104 125.9 21.9 0.81
461.4 479.8 18.4 0.73
484.5 491.37 6.87 1.44
513 530.25 17.25 0.86
DHLC007 47.9 51.8 3.9 0.85
DHLC008 105 139.46 34.46 1.3
143.5 165.6 22.1 1.02
375 388.65 13.65 1.09
DHLC009A 144 153.5 9.5 0.71
292 297.45 5.45 0.74
****** mm**True thickness not estimated
Cauca Project
Drill Intercepts in La Custodia zone
0.500 g Au/t.
In resource model Cu and Ag provide “credits”
to gold-only values in these intercepts.
5 of 24 holes in La Custodia have intervals greater
than 15 g Au/t and show veins parallel to vertical core.
150 to 200m drill spacing inadequate to sample vein
zones that provide highest gold endowment to resource.
Likely that several 20 to 40m wide Au-Ag vein zones are
present but undrilled on wide drill spacing.
Silver correlates with gold at a 4 to 1 ratio because both
Are associated with younger epithermal sheeted veins,
copper occurs associated with older porphyry-veinlets,
but gold and silver veins have no projection in existing
resource model.
14. Cauca Project (and Mallama)
Same mineral belt as Cascabel
Cauca is located
within a prolific belt
of giant porphyries
and epithermal
systems including
the Cascabel project
(Solgold) and
Llurimagua (ENAMI
and Codelco.)
15. Cauca : La Custodia deposit
“Starter Pit”
• Open pit design and
metallurgical testing
• Sparsely populated
• Surface use is grazing
• No known environmental
sensitivities.
• Previously permitted for
advanced exploration
• No indigenous homelands
16. Cauca – Excellent Community
Relations
• 28 Local hires in 2010,
promoted excellent
community relations
• On site core and office
facilities
• Easily accessible
• Terrain permissible for
open pit development
Drill rigs within pit limits
17. Cauca is a discovery with poor
definition of veins containing most gold
• Modeled as simple porphyry
without the overprinting epithermal vein zones.
• No veins are defined or projected
in existing resource model that has a grade of
0.66 g/t Au/Equiv. and 700,000 Au/Equiv. ounces
(Au+Ag+Cu).
• A high-grade intercepts are capped at
9 g Au/t and modeled without dimension.
• Highly likely that numerous drill intercepts of plus
15 g Au/t represent sheeted vein zones largely
parallel to core. Vein parallel core can’t measure
the width of zones.
• Miranda objective is a 2X grade increase of Au+ Ag from
more angle drilling and better geologic modeling
Coarse
Free Gold
2m @ 1095 g Au/t
19. .
0.8m @ 15.5 g Au/t
(vein zones parallel to vertical core)
2m @ 17.75 g Au/t
(vein zones parallel to vertical core)
Cauca: Vein zones parallel to core in 100-200m
spaced holes mean vein geometry, width and extent
are not defined by drilling and not modeled in
resource.
20. Antares: IAMGOLD Joint Venture
Anglo Ashanti Gramalote-like analogue (1.8M oz reserve in PFS stage)
! Large hydraulically mined excavations show bulk mineralized granite with +0.50 g Au/t
channel samples over an area of 160m x 310m, up to 32m at 1.2 g Au/t. Same batholith
and structural setting as Gramalote. Probably multiple mineralized
parallel shear zones.
! Gold in soils anomalies adjacent to open pit excavations is approximately 5km x 1.7km and
open in several directions. This anomaly is comparable to the soil gold footprint at
Gramalote. Strong surface sampling support for Gramalote-like discovery. Gramalote has
positive PFS and is first fully permitted open pit gold mine in Colombia.
! Conversion to title triggers IAMGOLD first year spend of $750,000 to drill soil anomalies,
expected 2018
! New conservative government elected in 2018 should allow conversion from application to
title.
21. 160 x 310 meter mineralized area and open
Continuous channel samples 0.4 to 9 g Au/t,
up to 32m @ 1.2 g Au/t in multiple shear zones.
Antares Project – Systematic sampling of in-situ bulk
mineralized granite in hydraulically mined pits
12
22. Antares – In-situ bulk mineralized granite
with historic hydraulic mining.
160 x 310 meter area of open continuous
channel samples from 0.4 to 9 g Au/t, up to
25m @ 2.8 g Au/t and 32m @ 1.2 g Au/t –
Ready for drill fence to test mineralization.
Gramalote– In-situ bulk mineralized granite
with historic hydraulic mining
Likely First Open Pit Gold Mine in Colombia.
Approximate 1200m X 300m deposit footprint.
2M proven and probably ounces at PFS stage.
Antares
vs.
23. Antares:
5km x 1.2km gold in soils anomaly
32m @ 1.2 g Au/t &25m @ 2.8 g Au/t
in channel samples.
24. Mid Cauca Belt Projects:
• Lyra – Jv with Newmont
• Oribella
• Kuntur
Miranda has an unrivaled position
between two of the best projects
in Colombia:
Miranda Projects adjacent to:
1. Buritica (3.7 ounces Au) to north.
2. Nuevo Chaquiro (6M ounces Au
and 7,933M lbs Cu.)
3. ANZA with strategic investment by
Newmont Mining
25. Lyra: In joint venture with Newmont
Newmont first made a US$109 million
strategic investment in Continental Gold
for a 19.9% equity stake to participate in
the high grade Buritica project and
subsequently joint ventured Miranda’s
Lyra project to capture a district trend.
Lyra: Option to JV with Newmont,
adjoins Buritica with a 3.7 million gold oz
reserve and captures 22km of controlling
Tonusco Fault. Six areas with veins that
sample over 10 g Au/t, and several large
stream sediment anomalies similar to
those reflecting Buritica deposit.
26. Lyra – Jv terms
! Option requires $600,000 in expenditures over 18months and conversion to
title triggers $750,000 annual spending by Newmont
! Upon successful conversion of the application to concession contract,
Newmont can earn an 51% interest by incurring a minimum spending of
US$3,000,000 over 4 years
! Upon successful completition o the Initial Earn-In, Newmont can earn an
additional 19%, for an aggregate 70% interest by spending further
US$7,000,000 over 4 years
27. Oribella + Kuntur
! Kuntur: Miranda secured an application adjoining Anglo Ashanti’s Nuevo Chaquiro
(Quebradona) project, which is a Pre-Feasibility-stage block-cave project hosting 20M
ounces of gold equivalent. Kuntur has attracted significant attention from potential
joint venture partners.
! Oribella: Adjacent to the Anza epithermal discovery and Anglo Ashanti Nuevo
Guintar discovery. Miranda has identified an epithermal gold system overprinted on
Cu-Au system, and generated large gold + copper soil anomaly associated with
intrusive stocks and breccia bodies. Newmont Mining recently made a strategic
investment in Orosur Mining for exposure to ANZA and Oribella is adjacent to that
project.
ANZA, Oribella and Nuevo Guintar probably represent exposures of the same multi-
kilometer scale epithermal system. Oribella and Nuevo Guintar are probably higher
level stratiform epithermal replacements, and ANZA-like fault veins, are deeper
feeders.
28. Oribella : Porphyry Copper with
epithermal gold overprint
4m at 1.5 g/t Au in breccia (no copper)
2.3m at 5% Cu in basalt (no gold)
• Former Barrick project
• Epithermal gold
telescoped on Cu-Au Porphyry
• 1.5km surface anomaly-open
• Cu-Gold Porphyry
with Au in breccia pipes and
Faults
• Same western “suture zone”
Anglo Quebradona (800m
@ 1.6% Cu and 0.78 g Au/t)
(Anglo Surrounds Oribella)
Trenching (right photo)
12m @ 1.05 g Au/t and open.
30. Mallama - Potential near term start-up with
simultaneous district exploration
! Numerous active artisanal mines within eight parallel veins of 4km strike length in the
Bombona Zone support quick resource delineation within current u/g small-scale
artisan production zones. Miranda work shows average in-situ weighted average
grades of 23.2 g Au/t and 180 g Ag/t in 1m veins, with a mean grade of 20 g Au/t.
! +100sq km district, over 30 veins identified on the project. Good continuity of veins
and good grade distribution. The Diamante Mine just off project but within district is
the highest-grade historical mine in Colombia.
! Seeking third party investment to fast track mine construction in the Bombona zone
and conduct project wide exploration to delineate a high grade resource interesting to
a mid-tier or major mining company
32. Mallama
• Over 30 mapped veins; historic mines.
• JICA drill holes up to 1.5m @ 36 g Au/t.
• Historic samples to 14m @ 9 g Au/t.
• Acquired for delinquent canon tax &
modest milestone payments
• 100% no owner payments and no NSR.
• Security now manageable with armistice
with insurgents.
33. Mallama- Veins over 60sq km
• Consistent high-grade veins
throughout the whole
district
• Multiple parallel vein-
packages of 4 to 6 km strike
34. Mallama : Bombona Zone
• High vein density of eight or
more parallel veins
• 4km strike by 1km width vein
swarms (in workings and
soils)
• Underground sampling shows
mined grade at weighted
average of 22.5 g Au/t.
• Remarkable grade and
continuity in district.
35. Mallama: Near term production strategy considered
• Numerous operating
artisan mines and
mills
• Reserves could be
quickly blocked out
underground on four
or more veins
• Known stope areas
could be quickly
expanded
• Simultaneous
exploration of entire
district and near term
operating mine.
Bombona zone: 4 active production
portals and 3 operating mills on different
veins.
36. Mallama
Numerous high grade Artisan mines
• Systematic sampling by
Miranda shows mined
grade of 22.3 g Au/t.
• Similar grades reported by
local artisan miners in
numerous workings.
• All mineralization shown is
open along strike and dip.
• Central sampling is from
different levels 30m vertical
extent open up and down dip.
37. Argelia - High-grade Vein District
! 15 or more veins identified. Ten with values over 10 g Au/t
! 4km x 1km corridor with parallel veins, probably open along strike
! Mined up to 1950 by private British company, cross cuts in this mine show up to 4m at
22 g Au/t, and continuous shoots between levels at 100m interval vertically
! Mining community in favor of development
! Seeking third party investment or joint venture to advance
38. Argelia
• 4m @ 22.5 g Au/t width
in historic stopes
• Plus 300m vertical
mineralization in
workings
• More than 12 veins;
10 with 12 to 30 g Au/t
channel samples
39. Lucky Shot
Option for a 3.3% Royalty
! 3.3% NSR Installment purchase: Payments of $7000 per month for two Royalties
which cover the current planned production zone and another historic production
area.
! The Lucky Shot district historic production totals 500,000 ounces at 41 g/t Au, mined
between 1910 and1942. The Lucky Shot district mines were closed by the US War
Act. Very little subsequent production after 1942.
! Drilling has identified a proven and probable reserve of 78,000 ounces Gold within a
indicated-inferred resource of 156,000 ounces. A historic exploration drift below the
richest stope in in the Lucky Shot mine shows two crosscut samples over 40 g/t Au.
This indicates the vein extends 300ft below the lowest production level.
! The NSR could produce between $1 and $2M per year over life of mine
! Cartesian Holdings looking for operating partners to resume development
40. www.mirandagold.com
NSR BLOCK B - New high-grade veins with up to
70 g Au/t discovered in 2014.
2.5km east of Coleman; probably a continuous
4km vein extends across valley. Contains one
historic mine that produced 70,000 ounces at
plus 40 g Au/t.
NSR BLOCK A - Coleman
Ventilation Portal 156,000 M&I
43-101 ounces at 18 g Au/t;
open down dip and to east
and west.
15
NSR BLOCK A - New 2009 Murphy
Discovery; 1m @ 55 g Au/t Au at
250m depth. Blind Under Valley
Gravels. Open.
41. Coleman
(Discs show > 10 g/t Au
Intercepts)
Down-Dip and Strike
Of Coleman
(open)
Murphy Discovery (open) WEST
Miranda 3.3 % Royalty Block A:
Five areas of drilling open to expand resource.
Lucky Shot
Down Dip
(open)
Lucky Shot
42. www.mirandagold.com
Miranda Gold Corp.
15381 - 36th Avenue
Surrey, British Columbia
V3Z 0J5
Telephone: (604) 417-4653
Fax: (604) 648-8706
Email: info@mirandagold.com
TSX.V: MAD
OTC.QB: MRDDF