Mesa Uranium Corp.

Mesa Uranium Corp.

November 24, 2006 11:30 ET

Mesa Uranium Corp.: Drill Permits Granted for North Alice and Texwood Targets

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 24, 2006) - Mesa Uranium Corp. (TSX VENTURE:MZU) announces that drill permits for two target areas, the North Alice Mine and Texwood Mine, have been granted at the 100%-owned Lisbon Valley uranium project in Utah. The project encompasses 7,300 hectares within the prolific Lisbon Valley Mining District with historic production of 85 million pounds of U3O8.

Drilling at the North Alice Mine target will test the Chinle and Cutler Formations along the northwestern extension of the North Alice Mine. Prior to faulting along the Lisbon Valley Fault, the North Alice, Alice, Homestake and Lisbon mines were one large deposit, producing an estimated 30 millions pounds of U3O8. Historical exploration activities in this area indicate that mineralization extends beyond the old mine workings into the area being targeted for drilling.

The Texwood Mine target will be drilled to test for mineralization in the Chinle and Cutler Formations along a northern projection of the Texwood Mine. The Texwood Mine is located 600 meters northwest of the historic Mi Vida Mine; historic production figures are not available for the Texwood Mine. The Mi Vida Mine produced 12.3 million pounds of U3O8 from 1953 through 1970 from the Moss Back member of the Chinle Formation.

The Lisbon Valley District produced over 85 million pounds of U3O8, generating over 80% of the uranium mined in the State of Utah and providing some of the highest uranium grades in the United States, averaging 0.4 percent U3O8. The Lisbon Valley Mining District is located in the Colorado Plateau region, 30 miles south of Moab, in San Juan County, Utah.

The project area is fully described in a current National Instrument 43-101 compliant report available for examination on and on



Foster Wilson, President and CEO

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at

The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.

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