www.mirandagold.com

Miranda Gold Corp Exploring for a world class discovery in Colombia

as a Prospect Generator

TSX.V: MAD

OTC.QB: MRDDF

September 2018

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

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.

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

Renaissance 11.9

Mirasol Resources 80.2

Riverside Resources 8.9

Lara Exploration 20.3

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.

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

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

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.

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.

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

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.

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

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.

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.)

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

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

Cauca is a discovery with poor

definition of veins containing most gold

Coarse

Free Gold

2m @ 1095 g Au/t Modeled as simple porphyry without

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

tighter spaced angle drilling and better geologic modeling

Cauca : Unprojected high grade vein zones can

significantly increase the resource grade

2m @ 28.4 g Au/t

(breccia veins) 2m @ 16 g Au/t

(veinlets parallel to vertical core)

.

.

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.

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.

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

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 probable ounces in PFS stage.

Antares compared to Gramalote

vs.

Antares:

5km x 1.2km gold in soils anomaly

32m @ 1.2 g Au/t &25m @ 2.8 g Au/t

in channel samples.

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

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.

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

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.

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.

Oribella Project – Robust Au & Cu open soil anomaly

Au soils 500 m X 250 m (open) Au (overprint) offset from Cu

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

Mallama vein system: Same mineral belt as Cascabel and Llurimagua

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.

Mallama- Veins over 60sq km

• Consistent high-grade

veins throughout the whole

district

• Multiple parallel vein-

packages of 4 to 6 km

strike

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.

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.

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.

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

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

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

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.

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

www.mirandagold.com

Miranda Gold Corp.

15381 - 36th Avenue

Surrey, British Columbia

V3Z 0J5

Telephone: (604) 417-4653

Fax: (604) 648-8706

Email: mad@mirandagold.com

TSX.V: MAD

OTC.QB: MRDDF