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Gold/Mining/Energy : MIRANDA--MAD ON VSE

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To: Sean Hurd who wrote (321)	3/30/1998 5:03:00 PM
From: Sean Hurd	Read Replies (2) of 462

March 30, 1998 Results from Rock Chip Sampling Program Symbol: MAD.V Form 20F: 0-27760 The Company is pleased to announce results of the rock chip geochemical sampling program on the Sonora project, Mexico. In addition to the 1525 soil samples collected on the property a total of 185 rock chip samples were collected. Gold was determined using fire assay at Bondar Clegg and an additional 33 elements were analyzed by ICP. From these samples, 18 (10%) contained greater than 1.0 gram gold per tonne and 9 (5%) samples had more than 5.0 grams gold per tonne. The highest rock chip assay was 27.5 grams gold per tonne (0.81 ozs Au/t). Sixty-five (35%) of the samples contained greater than 0.10 grams gold per tonne. Silver assay results were also encouraging. Twenty-six (14%) of the samples contained greater than 34 grams silver per tonne (1.0 oz Ag/t) with 5 samples containing at least 500 grams silver per tonne (14.7 ozs Ag/t), which was the maximum limit of the ICP assay technique. In addition to gold and silver, the rock chip samples were anomalous in arsenic, antimony, copper, lead, and zinc. A follow-up geochemical sampling program consisting primarily of additional sampling of anomalous mineralized areas will begin in April. This sampling program will be conducted simultaneously with detailed mapping of the Chaos anomalous zones and reconnaissance of the remaining unevaluated concession area. The Sonora project is 100% owned by Miranda and was acquired by staking. Thirty-eight square kilometres have been staked to date. ON BEHALF OF THE BOARD "Dennis L. Higgs" Dennis L. Higgs President The Vancouver Stock Exchange neither agrees nor disagrees with the information contained herein.

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