Messina Minerals Inc.

Messina Minerals Inc.

September 01, 2010 15:35 ET

Messina Minerals Inc. Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - Messina Minerals Inc. (TSX VENTURE:MMI) (the "Company") is pleased to announce a non-brokered private placement of up to 1,500,000 units of its securities at a price of $0.10 per unit for gross proceeds of up to $150,000. Each unit will consist of one common share and one common share purchase warrant entitling the holder to subscribe for one additional common share at a price of $0.12 for a period of two years from closing.

Proceeds received from the private placement are intended to be used for corporate purposes and to continue exploration work on the Company's properties in central Newfoundland.

The offering is expected to close on or about September 28, 2010 and is subject to certain conditions and to the receipt of all required regulatory approvals and consents, including the approval of the TSX Venture Exchange. The securities of the Company issuable pursuant to the private placement will be subject to a Canadian hold period expiring four months and one day after the closing date.

The securities proposed to be offered in the private placement have not been registered under the U.S. Securities Act of 1933, as amended, or any State securities laws, and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from the registration requirements.

About Messina

Messina Minerals Inc. is exploring for zinc-lead-copper-silver-gold massive sulphide deposits in central Newfoundland, Canada on its extensive 410 square kilometer mineral lands, in a region known historically for its zinc-copper resources and where the Company has made massive sulphide discoveries including "Boomerang" and "Domino". See our website for more information.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.


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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