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Wed 22 Feb 2006, 15:06 Miranda - Progress report on exploration programme
MMH
 MMH                                                                             
Miranda - Progress report on exploration programme and issue of permits         
Miranda Mineral Holdings Limited                                                
(previously Proper Group Limited)                                               
(incorporated in the Republic of South Africa)                                  
(Registration Number: 1998/001940/06)                                           
Share code: MMH & ISIN: ZAE000074019                                            
("Miranda" or "the company" or "the group")                                     
Progress report on exploration programme and issue of permits                   
The board of Miranda is pleased to inform shareholders that the following       
application for a prospecting right in terms of Section 17 of the Mineral and   
Petroleum Resources Development Act, 2002 (Act 28 of 2002) was successful:      
* Lowveld gold project - the group has been granted the right to prospect for   
gold ore on the farm Burlington 217 KU (3,404 hectares) in the Letaba District. 
A SENS announcement dated 14 February 2006 confirmed the granting of a          
prospecting right for gold ore on an adjacent farm, Islington.  The two farms   
represent a combined 6 300 hectares of the company"s Lowveld gold project       
covering five farms and 16 900 hectares.                                        
Centurion                                                                       
22 February 2006                                                                
Sponsor:                                                                        
Sasfin Capital                                                                  
(A division of Sasfin Bank Limited)                                             
Corporate Advisor                                                               
Radagast Capital (Pty) Limited                                                  
Date: 22/02/2006 03:06:06 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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