Messina Minerals Inc.
TSX VENTURE : MMI

Messina Minerals Inc.

September 24, 2010 17:48 ET

Messina Minerals Inc. Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2010) - 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 1,250,000 units at a price of $0.10 per unit for gross proceeds to the Company of $125,000. Each unit consists of one common share and one common share purchase warrant. Each warrant, expiring on September 24, 2012, 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 January 25, 2011.

The Company also announces that Kerry Sparkes has resigned as Vice President, Exploration of the Company. Mr. Sparkes will continue to provide Messina with geological consulting services as required.

ON BEHALF OF THE BOARD OF DIRECTORS OF
 MESSINA MINERALS INC.

"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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