Messina Minerals Inc.

Messina Minerals Inc.

June 08, 2009 09:30 ET

Messina Minerals Inc. Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2009) - Messina Minerals Inc. (TSX VENTURE:MMI) (the "Company") is pleased to announce that it has closed its previously announced private placement by the issuance today of 2,500,000 units at a price of $0.10 per unit for gross proceeds to the Company of $250,000. Each unit consists of one common share and one common share purchase warrant. Each warrant, expiring on June 5, 2014, will entitle the holder to subscribe for one additional common share of the Company at a price of $0.12. 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.

All securities issued pursuant to this private placement are subject to a four month hold period that expires on October 6, 2009.

Peter Tallman, President of Messina Minerals states: "The proceeds of this placement, combined with funds recently received from the Newfoundland Mineral Incentive Assistance program, has improved Messina's working capital position. Work programs in Newfoundland have now begun with the objective of distinguishing drill targets and selecting one or more for drill testing in the fall of the year."

About Messina

Messina Minerals Inc. is exploring for zinc-lead-copper-silver-gold massive sulphide deposits in central Newfoundland, Canada on its extensive 403 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 now has mineral resources containing in excess of 750 million pounds of base metals plus 9 million ounces silver and 130,000 ounces gold. See our website for more information.


Peter Tallman, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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