Messina Minerals Inc.
TSX VENTURE : MMI

Messina Minerals Inc.

October 27, 2005 10:28 ET

Messina Minerals ('MMI') Drilling Discovers Zinc Massive Sulphides at Tulks East 'A Zone'

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 27, 2005) - Messina Minerals Inc. (TSX VENTURE:MMI) -

Highlights

Significant highlights from the on-going exploration program include:

- Drill hole TE05-86 intersected 9.65 meters massive sulphides grading 6.2% zinc, 0.4% copper, 0.3% lead, 19 g/t silver and 0.3 g/t gold at Tulks East A Zone. This represents the best interval drilled at the A Zone, and extends the A Zone 100 meters to 325 meters known length. Approximately 1,000 meters of gravity (density) anomaly associated with the A Zone remains to be tested. Tulks East is located 21 km northeast of Boomerang.

- A new discovery of massive sulphides in outcrop has been made at "Middle Tulks" located 3.5 kilometers to the southwest of Tulks East and approximately 17 kilometers northwest of Boomerang. Massive sulphide is exposed over a one meter width and returned values of 0.3% copper, 0.6% lead, 1.9% zinc, 47 g/t silver and 0.3 g/t gold. A nearby boulder assayed 5.6% copper and 0.9% zinc.

- Drilling update: one drill continues to test Boomerang section 3400E; one drill is testing the Zinc Zone target which is the along strike continuation of Boomerang and is situated 500 meters to the southwest of Boomerang: one drill continues to test Tulks East A Zone. Assays from Boomerang and Zinc Zone drilling are pending. Zinc Zone assays are expected within one week; Boomerang drill results will be reported upon completion of section 3400E.

Tulks East A Zone Discovery

Messina Minerals Inc. has discovered massive sulphide mineralization containing zinc, copper and lead sulphides at the Tulks East "A Zone" on the Tulks South Property located in central Newfoundland. The discovery is an extension of a known prospect containing massive pyrite. Tulks East is located 21 km northeast of the Messina's recent Boomerang massive sulphide discovery. Tulks East is considered to be along-strike regionally from the Boomerang discovery.

Hole TE05-86, the first of the 2005 Tulks East drill program, has intersected a 9.65 meter subinterval of massive sulphides from 338.45 to 348.1 meters which assays 6.2% zinc, 0.4% copper, 0.3% lead, 19 g/t silver, and 0.3 g/t gold. This occurs within a 22.25 meter interval of massive sulphide mineralization from 338.45 to 360.7 meters at a vertical depth of approximately 260 meters. The true thickness of the 22.25 meter massive sulphide is estimated to be 18 meters with an 80 degree (near vertical) dip.

TE05-86 is a 100 meter step-out to the northeast from hole TE99-04 (drilled by a past explorer) which intersected 30.5 meters of massive sulphides with a 7.0 meter subinterval containing 5.1% zinc and 0.3% copper. The A Zone was discovered in the late 1970's and tested along a 225 meter length prior to hole TE05-86. The distribution of zinc and copper within the A Zone exhibits zonation. Holes contain pyrite with low base metals to the southwest; the amount of metals and particularly zinc generally increases to the northeast. The Company has interpreted this metal increase to be consistent with classic zonation models in volcanic-hosted massive sulphide deposits.

The A Zone is now extended to 325 meters in length. The maximum thickness of the massive sulphide lens approximates 25 meters true thickness and has considerable tonnage potential; particularly so if metal grades continue to increase to the northeast. A 1980's vintage gravity (density) survey indicates an anomaly 1,300 meters in length. The anomaly continues for 1,000 meters beyond TE05-86 and is open for drill testing. The Company is completing 100 line kilometers of linecutting starting at Tulks East. A gravity survey is in progress; partial results indicate a density anomaly coincident with the Tulks East A Zone however the full extent remains to be surveyed.

Messina in 2004 targeted massive sulphides at the Tulks East B Zone lens (see News Release October 6, 2004) which returned positive results. The B Zone is a parallel lens situated 10 meters above the A Zone.

Middle Tulks Prospecting Discovery

The Company's prospectors have discovered a new zone of outcropping massive sulphides in the Middle Tulks area of the Tulks South Property, located 17 kilometers northeast of the Boomerang discovery and approximately 3,500 meters southwest along strike from the Tulks East prospect. The Middle Tulks sulphide zone was exposed over a one meter width and is comprised primarily of pyrite with visible zinc-sulphides (sphalerite). One sample returned values of 0.3% copper, 0.6% lead, 1.9% zinc, 47 g/t silver and 0.3 g/t gold. Two large 500 pound boulders of pyritic massive sulphides and one smaller boulder assaying 5.6% copper and 0.9% zinc have been located nearby and are considered to be close to their primary source and related to the new outcrop discovery. In addition, an associated and distinctive zone of massive chlorite-pyrite footwall alteration zone has been recognized (the plumbing system) and traced over 600 meters along strike. Drill targets will be identified here upon completion of the gravity survey.

DRILLING UPDATE

Three drills are presently working. Drilling is continuing at the Boomerang discovery. One drill is testing section 3400E; a 50 meter step-out to the east from section 3350E. One drill is testing the "Zinc Zone" target located 500 meters to the southwest which is the along-strike continuation of the Boomerang mineralized horizon. One drill continues to test the Tulks East A Zone. Assay results from core samples of Zinc Zone and Boomerang are expected shortly. A full description of these and other completed programs will be released upon receipt of all assay results.

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.

The Company has extensive mineral land holdings totaling 272 square kilometers including the Tulks South Property and Long Lake Property. Messina is earning a 100% interest in these mineral lands from Falconbridge Limited (formerly Noranda Inc.). The agreement allows Falconbridge to back in for 50% if greater than 10 million tonnes of economic mineralization with a positive feasibility report is located. Falconbridge may pay 150% of exploration costs to that point, or revert to a 2% net smelter return royalty.

Peter Tallman, President 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 preparation of 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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