FIRST AMENDMENT TO EXPLORATION AND OPTION TO ENTER JOINT VENTURE
THIS FIRST AMENDMENT TO THE EXPLORATION AND OPTION TO ENTER JOINT
VENTURE AGREEMENT is made this 20 th of July, 2007 by and between MIRANDA GOLD CORP., a
British Columbia corporation, and MIRANDA U.S.A., INC, a Nevada corporation (collectively “Miranda”);
and ROMARCO MINERALS INC., a British Columbia corporation, and ROMARCO MINERALS U.S.
INC., a Nevada corporation (collectively “Romarco”).
Miranda and Romarco have previously entered into an “Exploration and Option to Enter Joint
Venture Agreement (Red Canyon Project” effective July 12, 2006 (the “Exploration Agreement”). The
Exploration Agreement relates to the “Red Canyon” group of unpatented mining claims (the “Property”), which
are subject to an “Exploration and Option to Purchase Agreement” dated November 18, 2003 between Miranda
and Red Canyon Corporation (the “Red Canyon Lease”).
The Exploration Agreement required Romarco to expend $400,000.00 in Expenditures on the
Property on or before July 12, 2007, subject to certain conditions.
The parties now wish to amend the Exploration Agreement for the purpose of replacing the Initial
Year Expenditure with the commitment described herein;
THEREFORE, the parties have agreed as follows.
Extension to Time for Completing of Initial Year Expenditures . Sections 7.1 and 7.2 of the
Exploration Agreement are hereby amended to require Romarco to undertake 6,000 feet of reverse circulation or
core drilling on the Property on or before December 31, 2007. The drilling commitment shall replace the
previous requirement of $400,000 in Expenditures in the Initial Year.
Romarco agrees to use its best efforts to obtain all necessary permits for the drilling program, and to
obtain the services of one or more drill rigs in a timely manner. If Romarco is unable to complete its drilling
obligation by December 31, 2007 because of unavailability of d