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Gold/Mining/Energy : MIRANDA--MAD ON VSE -- Ignore unavailable to you. Want to Upgrade?

To: Sean Hurd who wrote (321)	3/23/1998 1:01:00 PM
From: Goalie	Read Replies (1) \| Respond to of 462

To all - interesting reading: Stockhouse Insider Report, March 20/98: MIRANDA INDUSTRIES (MAD.V) "We began monitoring Miranda as they were drilling their Leticia property in Mexico in late 1997 and, subsequently, as they did not have success in their initial drilling, their stock fell off. However, as they have began to perk up lately, we are following up on them now. Miranda has been up lately due to their work on their Sonora property: 1. 800m by 350m avg 200ppb in 54 samples with a high of 1,110ppb; 1. 450m by 150m avg 100ppb in 23 samples with a high of 228ppb; 3. 350m by 60m avg 290ppb in 6 samples with a high of 1,173ppb; 4. 450m by 50m avg 407ppb in 7 samples with a high of 1,102ppb. Some of these values are above the cut-off grade of working Nevada mines, and these results are only soil anomalies. Select rock samples within these areas have gold values of up to 30 grams gold per tonne and over 500 grams silver per tonne. The area that contains these anomalies appears to outline a large circular structure measuring 3.0 kilometres by 2.0 kilometres surrounding two smaller internal semi-circular features. Miranda has recently see it's share price touch a low of 20 cents only to quickly rebound to the $0.40 to $0.50 level. A poor market in general combined with an institutional sell off saw MAD's share price go to near cash value. The Sonora project looks to be a large project and will likely produce news for Miranda over the coming year." (www.dsr.simplenet.com/12.htm) Goalie

To: Sean Hurd who wrote (321)	3/30/1998 5:03:00 PM
From: Sean Hurd	Read Replies (2) \| Respond to 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.