Messina Minerals Inc.

Messina Minerals Inc.

September 28, 2007 11:46 ET

Messina Minerals Inc. Closes $7 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2007) - Messina Minerals Inc. (TSX VENTURE:MMI) (the "Company") is pleased to announce that it has closed its previously announced brokered private placement by the issuance today of 6,320,000 flow-through shares at a price of $0.95 per flow-through share and 1,420,000 units at a price of $0.80 per unit for aggregate gross proceeds to the Company of $7,140,000. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant, expiring on September 28, 2009, will entitle the holder to subscribe for one additional common share of the Company at a price of $1.10. Proceeds received from the private placement are intended to be used to continue exploration work on the Company's properties in central Newfoundland and for general corporate purposes.

Orion Securities Inc. acted as the agent for this financing. As consideration for its participation in the offering, the agent received a cash commission equal to 6.5% of the total proceeds raised and 503,100 compensation options, each of which is exercisable into one unit at a price of $0.80 expiring on September 28, 2009. These units are on the same terms as the units sold under the offering.

All securities issued pursuant to this private placement are subject to a four month hold period that expires on January 29, 2008.

About Messina

Messina Minerals Inc. is exploring for zinc-lead-copper-silver-gold massive sulphide deposits in central Newfoundland, Canada on its extensive 383 square kilometer mineral lands, in a region known historically for its zinc resources and where the Company has made new massive sulphide discoveries including "Boomerang" and "Domino". Messina's strategy is to test its properties for zinc-copper mineralization that is conceptually within truck-hauling distance of Boomerang/Domino indicated/inferred mineral resources and which could, subject to positive exploration and other test results, be additive to the Company's zinc-lead-copper-silver-gold resource base.


Peter Tallman, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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