Outcrop Silver & Gold Corp. (OCGSF)

[vallence]

Miranda Gold Options Five Properties in Colombia
2011-01-20 12:53 ET - News Release

VANCOUVER, British Columbia -- (Business Wire)
Miranda Gold Corp. (“Miranda”) (TSX-V: MAD) announces the acquisition of five new properties through its Colombian subsidiary, Miranda Gold Colombia II Ltd. (“Miranda Gold Colombia”). The Cajamarca, Ibague, Fresno, Santander and Anori projects are optioned from ExpoGold Colombia S.A. (“ExpoGold”) and are subject to the Association Agreement between Miranda and ExpoGold.
Miranda has the right to acquire 100% of each of the five concessions by issuing 10,000 shares of Miranda common stock and making initial payments of US$10,000 to ExpoGold per property. In total Miranda will grant, subject to the rules and approval of the TSX Venture Exchange, 50,000 common shares of Miranda and make payments of $50,000 to ExpoGold. To maintain the options, payments and issuance of shares increase incrementally each subsequent anniversary year of each individual option agreement.
Miranda Gold Colombia will seek exploration funding partners for all five properties. Cajamarca, Ibague and Fresno will be offered as a single project due to their proximity to one another, while Santander and Anori will be optioned as two separate projects. The selection of these five properties concludes Miranda’s First Right of Refusal to option projects from the ExpoGold portfolio, as contained in the Association Agreement. See their website for full detals.