Messina Minerals Inc.
TSX VENTURE : MMI

Messina Minerals Inc.

August 28, 2006 09:30 ET

Messina Minerals Expands Boomerang, GA06-134 Hits 7.45 Meters of 8.7% Zinc, 290 g/t Silver, 6.6 g/t Gold

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 28, 2006) - Messina Minerals Inc. ("MMI") (TSX VENTURE:MMI) is drilling base metal massive sulphide targets within Messina's Tulks South Property located in central Newfoundland, Canada including a planned 43,000 meter drill program during 2006. The two-fold objectives of the 2006 exploration program are to:

- define/expand the volume of zinc-lead-copper-gold-silver bearing massive sulphide mineralization on the property.

- identify and test significant new exploration targets within Messina's extensive 28,894 hectare properties.

HIGHLIGHTS

- Two holes at Boomerang, GA06-134 and GA06-143, contain the most gold drilled to date and surpass the previous best in GA05-22 of 9.7 meters of 6.0 g/t gold; GA06-134 intersects a 7.45 meter subinterval assaying 8.7% zinc, 6.3% lead, 0.9% copper, 290 g/t silver with 6.6 g/t gold, and GA06-143 intersects 3.3 meters assaying 4.2% zinc, 3.5% lead, 0.5% copper, 206 g/t silver with 9.9 g/t gold.

- Boomerang base metal mineralization is shown to continue up-dip with better grades and over increased thicknesses which is additive to the Company's developing Boomerang resource model.

- The accompanying Vertical Longitudinal map is the first public representation of the extents and relative position of Boomerang and Domino mineralization, and also shows the potential for expansion of these zones.

BOOMERANG MASSIVE SULPHIDE ZONE DRILLING

Assay results for 9 new drill holes have been received, are tabulated below, and are further discussed by section or area targeted. The Boomerang deposit was discovered in December 2004; the last significant phase of drilling at Boomerang was completed by December 2005.

Evaluation of the Boomerang massive sulphide deposit using Surpac 3-D computer modeling software has led to recognition of the potential to significantly expand the size of Boomerang. A Vertical Longitudinal map of all Boomerang and Domino drilling is included with this news release and is integral for interpretation of these results (new holes are shown labeled on the accompanying figure).

Table: Summary of Boomerang Drill Intercepts and Assays



From To Cu Pb Zn Ag Au
Hole Section (m) (m) Interval % % % g/t g/t
------------------------------------------------------------------------
GA06-127 3200E No significant assay
GA06-130 3000E 255.95 269.40 13.45 0.5 4.0 6.4 221 3.2
GA06-131 2980E No significant assay
GA06-133 3325E 127.50 131.00 4.65 0.4 3.4 4.7 132 3.0
GA06-134 3300E 227.50 249.00 21.50 0.5 2.8 5.5 130 2.6
including 241.55 249.00 7.45 0.9 6.3 8.7 290 6.6
GA06-136 3325E 162.20 167.15 4.95 0.4 3.9 4.3 143 3.2
GA06-139 3275E No significant assay
GA06-142 3300E 207.60 218.70 11.10 0.6 4.7 8.9 246 1.1
GA06-143 3275E 154.60 162.40 7.80 0.3 1.7 2.1 101 4.5
including 154.60 157.90 3.30 0.5 3.5 4.2 206 9.9


Assay results from three drill holes, GA06-144, GA06-145, and GA06-146 are pending.

Section 3300E

GA06-134 and GA06-142 are infill holes drilled to test continuity and grade variance in a 90 meter gap between GA05-12 (lower) and GA05-20 (higher) on 3300E. The new holes each intersected high-grade mineralization; this higher grade mineralization is now shown to continue much closer to surface than previously interpreted, across better than expected thicknesses and grade, and connects the main Boomerang deposit zinc mineralization with the "gold hole" GA05-22 which intersected 9.7 meters assaying 0.6% copper, 3.8% lead, 4.5% zinc, 245 g/t silver and 6.0 g/t gold (NR April 1, 2005).

GA06-134 intersected 21.5 meters (14.7 meters true thickness) of massive sulphide assaying 0.5% copper, 2.8% lead, 5.5% zinc, 130 g/t silver and 2.6 g/t gold; a 7.45 meter subinterval assays 0.9% copper, 6.3% lead, 8.7% zinc, 290 g/t silver and 6.6 g/t gold. This intersection is 31 meters above GA05-12.

GA06-142 intersected 11.1 meters (7.5 meters true thickness) of massive sulphide assaying 0.6% copper, 4.7% lead, 8.9% zinc, 246 g/t silver and 1.1 g/t gold. This intersection is located 17 meters above GA06-134 and 42 meters below GA05-20.

Sections 3275E, 3325E

Four holes, GA06-133, GA06-136, GA06-139, and GA06-143 were drilled in the vicinity of GA05-22 to test for lateral and up-dip extensions of Boomerang mineralization.

GA06-133, drilled 25 meters west of and slightly below GA05-22 intersected 4.65 meters (3.7 meter true thickness) assaying 0.4% copper, 3.4% lead, 4.7% zinc, 132 g/t silver and 3.0 g/t gold on 3325E.

GA06-136, drilled 25 meters west of GA05-20 and 70 meters below the elevation of GA05-22 intersected 4.95 meters (4.2 meters true thickness) assaying 0.4% copper, 3.9% lead, 4.3% zinc, 143 g/t silver, and 3.2 g/t gold.

GA06-139, drilled 25 meters east of and slightly below GA05-22 did not intersect significant mineralization on 3275E at this elevation.

GA06-143, drilled 70 meters underneath GA06-139 and 25 meters west of GA05-20, intersected 3.3 meters (2.8 meter true thickness) of massive sulphide assaying 0.5% copper, 3.5% lead, 4.2% zinc, 206 g/t silver and 9.9 g/t gold on 3275E.

GA06-133 and GA06-143 represent significant lateral and up-dip extensions on their respective section lines of Boomerang massive sulphide mineralization.

Section 3200E

GA06-127 on 3200E tested 55 meter below GA05-37 (which hit 8.8 meters of 6.2% zinc); no significant base metal mineralization was intersected in GA06-127.

Sections 2975E, 3000E

GA06-130 on 3000E tested 8 meters above the previous intersection in GA05-83 and hit a comparable 13.45 meter massive sulphide mineralization assaying 0.5% copper, 4.0% lead, 6.4% zinc, 221 g/t silver, and 3.2 g/t gold.

GA06-131 on 2975E tested 25 meters west of and 20 meters relatively above GA06-130 and did not intersect significant mineralization.

Vertical Longitudinal Map

The updated Vertical Longitudinal incorporates all Boomerang and Domino drill holes on one map. The position of drill pierce points for all intersections has been more accurately calculated using 3-D software. The map accompanying this news release shows the position of all drill hole pierce points with only the 9 new drill holes labeled. The Vertical Longitudinal map is also available on the Company's website at www.messinaminerals.com/s/Boomerang.asp and this version has all drill hole pierce points labeled for reference.

Specific gravity testing, rock quality determinations and photographic logging of all massive sulphide intersections are performed systematically by Messina staff prior to assaying. Assays are performed by Eastern Analytical Limited of Springdale, Newfoundland. Check assays and other lithogeochemical analyses are performed by Chemex Labs of North Vancouver, British Columbia. The Company is and will continue to use methodical and geoscientifically accepted procedures for assaying including quality control and quality assurance (QA/QC) for all analytical testing. Drill holes are assigned a number if they are started and reach bedrock; hole numbers not referenced are those terminated before reaching target due to bad ground or excessive deviation.

The Company has extensive mineral land holdings in central Newfoundland totaling 289 square kilometers or 28,894 hectares of which 20,110 hectares are 100% owned by Messina including the Tulks South Property.

Kerry Sparkes, Vice President Exploration of Messina Minerals Inc., is the Qualified Person responsible for exploration on the Company's properties in central Newfoundland and the person responsible for the technical data contained within this news release.

On behalf of the Board of Messina Minerals Inc.

Peter Tallman, President


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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