Messina Minerals Inc.
TSX VENTURE : MMI

Messina Minerals Inc.

July 06, 2011 18:54 ET

Messina Minerals Increases Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2011) - Messina Minerals Inc. (TSX VENTURE:MMI) -

THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. 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.

Messina Minerals Inc. ("Messina" or the "Company") is pleased to announce that its non-brokered private placement previously announced on June 13, 2011 (the "Offering") has been increased to up to 9,000,000 Units at a price of $0.10 per Unit for gross proceeds of up to $900,000. All other terms of the Offering remain unchanged.

The Offering remains subject to certain conditions including but not limited to the receipt of all required regulatory approvals and consents, including the approval of the TSX Venture Exchange. Closing is now anticipated to be on or about July 11, 2011. The securities of the Company issuable pursuant to the Offering will be subject to a Canadian hold period expiring four months and one day after the closing date.

About Messina

Messina Minerals Inc. is a junior mineral resource company engaged in the exploration of zinc-lead-copper-silver-gold 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". Messina's common shares trade on the TSX Venture Exchange under the trading symbol "MMI".

This press release contains forward-looking statements. More particularly, the press release contains forward-looking statements related to the anticipated closing of the Offering and the use of proceeds therefrom. The forward-looking statements contained in this document are based upon certain key expectations and assumptions made by Messina, including: expectations and assumptions concerting receipt of required regulatory approvals and the satisfaction of other conditions to the completion of and use of proceeds from the Offering. Although Messina believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Messina can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals or satisfy the conditions to closing the Offering.

Additional information on these and other factors that could affect Messina's operations and financial results are included in reports, including Messina's quarterly and annual reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). The forward-looking statements contained in this document are made as of the date hereof and Messina undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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.

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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