Update on $15 Million Bought Deal Financing


VANCOUVER, Oct. 19 /CNW/ - Mira Resources Corp. (NEX: MRP.H) (the "Company") announces that, further to its press release of September 28, 2009, closing of its $15 Million bought deal financing with Haywood Securities Inc. is now expected to close on or about November 4, 2009. The extension of the closing date has been agreed to in order to allow additional time to finalize negotiations respecting the grant of an onshore oil and gas concession in Ghana to the Company.

The offering is to be made pursuant to Rule 144A and Regulation S under the Securities Act of 1933 (the "Act"). The offering has not and will not be registered under the Act and none of the securities issuable pursuant to the offering may be offered or sold in the United States absent registration under the Act or the availability of an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.

Cautionary Note Regarding Forward-Looking Statements

This press release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from Mira Resources' expectations include the need to satisfy the conditions set forth in any agreement entered into in connection with the offering; the need to satisfy regulatory and legal requirements with respect to the proposed offering; timing of the grant of the onshore concession to Mira Resources, if at all; risks related to the Company's reactivation on the Exchange; risks related to the exploration stage of the Company's projects; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing.

    The TSX Venture Exchange has in no way passed upon the merits of the
    proposed transaction and has neither approved or disapproved the contents
    of this press release.


For further information: For further information: Johnathan More, at (604) 687-7742

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