Messina Minerals Inc.
TSX VENTURE : MMI

Messina Minerals Inc.

November 29, 2006 10:14 ET

Messina Minerals "MMI" Intersects 19.43 Meters of 14.2% Zinc, 2.2% Lead, 0.8% Copper, 74 g/t Silver, 0.7 g/t Gold, at Boomerang

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 29, 2006) - Messina Minerals Inc. ("MMI") (TSX VENTURE:MMI) is drilling zinc-lead-copper-silver-gold massive sulphides within Messina's Tulks South Property and adjacent properties located in central Newfoundland, Canada. The two-fold objectives of the ongoing exploration program are to:

- define/expand the volume of zinc-lead-copper-gold-silver bearing massive sulphide mineralization at Boomerang, leading to NI43-101 resource estimate

- identify and test significant new exploration targets within Messina's extensive 323 square kilometer area properties.

HIGHLIGHTS

- GA06-188 intersected 19.43 meters of high-grade massive sulphides assaying 0.8% copper, 2.2% lead, 14.2% zinc, 74 g/t silver, and 0.7 g/t gold.

- GA06-191 intersected 13.05 meters of high-grade massive sulphides assaying 0.6% copper, 1.4% lead, 9.2% zinc, 56 g/t silver, and 0.7 g/t gold.

- Jacques Whitford Limited has been contracted to provide advice on environmental permitting and to begin baseline water quality sampling studies suitable for environmental assessment and environmental monitoring at Boomerang.

BOOMERANG MASSIVE SULPHIDE ZONE DRILLING

The final four drill holes of 2006 delineating the Boomerang mineral resource have been completed. (Drilling continues with four rigs testing other targets). Two of the four Boomerang holes, GA06-188 and GA06-191, intersected unexpectedly thicker intervals of high grade zinc-lead-copper-gold-silver mineralization on section 3325E near the bottom of the Boomerang deposit.

GA06-188 intersected 19.43 meters of high-grade massive sulphides assaying 0.8% copper, 2.2% lead, 14.2% zinc, 74 g/t silver, and 0.7 g/t gold.

GA06-191 intersected 13.05 meters of high-grade massive sulphides assaying 0.6% copper, 1.4% lead, 9.2% zinc, 56 g/t silver, and 0.7 g/t gold.

Holes GA06-187 and GA06-195, testing sections 3375E and 3400E respectively along the eastern side of Boomerang did not intersect massive sulphides.

Jacques Whitford Limited, a geotechnical engineering firm, has been selected to provide advice on environmental permitting and to begin baseline water quality sampling studies suitable for environmental assessment and environmental monitoring at Boomerang, leading to an environmental impact assessment.

Messina Minerals Inc. acknowledges the financial assistance of $100,000 for the Boomerang and area drill program provided by the government of Newfoundland and Labrador's Mineral Incentive Program. More information on this program is provided at http://www.nr.gov.nl.ca/mines&en/programs/jea/

MESSINA'S CENTRAL NEWFOUNDLAND STRATEGY AND RESULTS

Messina has acquired mineral rights to a large land position in central Newfoundland with demonstrated potential for multiple deposits of zinc-lead-copper-silver-gold massive sulphide mineralization in a region with excellent mining and transportation infrastructure. Messina's strategy is to discover and delineate mineral resources within its properties capable of being extracted and processed using a centralized mill.

Boomerang was discovered on December 4, 2004. In less than two years, Messina has delineated the Boomerang zinc-lead-copper-gold-silver mineral resource with approximately 100 drill holes testing 50 meter lateral sections over a 500 meter strike length, and with a 25 meter vertical spacing over a 275 meter height. Messina's block model of Boomerang using Surpac mining software and incorporating assay data and density measurements is being updated with the recent drill results. This data will be used by an independent mining engineering company to calculate a NI43-101-compliant mineral resource and is expected to be available in 2007.

Also during the less than two year span, Messina has discovered a second zinc-lead-copper-gold-silver massive sulphide lens adjacent to Boomerang at Domino in February 2006, and identified a third nearby target with similar potential at Hurricane in October 2006. Drill testing of Domino and Hurricane will continue with the objective of achieving sufficient drill density to allow substantiation and calculation of additional mineral resources in 2007.

In addition, Messina has drill tested historic resources elsewhere on the Tulks South property at the Tulks East B Zone and Tulks East A Zone massive sulphide deposits. Messina has done the work necessary to allow the Company to calculate NI43-101 compliant resources for these mineralized zones. Block modeling of these zones will continue through the winter and a resource estimate is expected to be available in 2007.

Messina anticipates drill testing of the Long Lake Main Zone, an historic resource discovered by Noranda on the adjacent Long Lake property and within 15 km of Boomerang, to proceed in 2007 with the objective of upgrading the historic resource to NI43-101 compliance.

Four drills continue to test for mineralization in the vicinity of Boomerang at Domino and Hurricane. The drill program will break for Christmas holidays and begin again in January 2007.

Specific gravity testing, rock quality determinations and photographic logging of all massive sulphide intersections are performed systematically by Messina staff prior to assaying. 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) including the use of duplicates and standards for all analytical testing. Drill holes are assigned a number if they are started and reach bedrock; hole numbers not referenced are those terminated before reaching target due to bad ground or excessive deviation.

Kerry Sparkes, Vice President Exploration 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 technical data contained within 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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