Messina Minerals Inc.
TSX VENTURE : MMI

Messina Minerals Inc.

February 23, 2007 17:33 ET

Messina Minerals Inc.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 23, 2007) - Messina Minerals Inc. (TSX VENTURE:MMI) is pleased to welcome Mr. Gordon Ulrich to the position of Director. Mr. Ulrich's nomination to the Company's Board of Directors was approved by shareholders at Messina's Annual General Meeting held February 22nd.

Mr. Ulrich has worked in the western Canadian mining industry since 1966 and was President of Luscar Ltd., a major Canadian energy company with interests in coal and oil and gas in western Canada, for over 10 years. Under Mr. Ulrich's tenure, Luscar went public with the Luscar Coal Income Fund, opened two new mines, and increased revenues two-fold to $693 million in 1999. Mr. Ulrich remains involved as a professional board member of several organizations, and Alberta government advisory committees. Mr. Ulrich has a wealth of business and corporate management experience and knowledge that will be an invaluable asset to the Company as exploration on its Newfoundland mineral properties advances towards development.

The Company has agreed with four parties to cancel existing incentive stock options exercisable at $1.51 due to expire September 6, 2007 totaling 325,000 options. The Company also announces that, subsequent to the cancellation of these options, the Company granted under its Incentive Stock Option Plan a total of 2,075,000 incentive stock options to certain employees, officers, directors and/or consultants at a price of $1.51 per share, exercisable for a period of five years.

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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