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MMH
 MMH                                                                             
Miranda - Progress report on exploration programme                              
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 - lodging of environmental financial   
guarantees                                                                      
Miranda is pleased to inform shareholders that the guarantees for the following 
prospecting permits and project have been lodged with the Department of Minerals
and Energy:                                                                     
*  the Northern Free State Diamond Project - five guarantees in respect of the  
rehabilitation for the group"s prospecting programme for alluvial and           
kimberlitic diamonds on five farms covering a total of 2 059 hectares in the    
Odendaalsrus and Hennenman districts.                                           
Centurion                                                                       
24 May 2006                                                                     
Sponsor                                                                         
Sasfin Capital                                                                  
(a division of Sasfin Bank Limited)                                             
Corporate Advisor                                                               
Radagast Capital (Pty) Limited                                                  
Date: 24/05/2006 10:00:04 AM Produced by the JSE SENS Department                
                                                                                
                                                                                

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