Mesa Exploration

Published : March 23rd, 2011

Files 43-101 Report, Expands the Green Energy Project

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Keywords :   Argentina | Bolivia | Boron | Bromine | Debt | Lithium | Magnesium | Oil | Report | Uranium | Utah |

Re:        News Releases - Wednesday, March 23, 2011
Title:     Mesa Uranium Files 43-101 Report, Expands the Green Energy Project

March 23, 2011 - Mesa Uranium Corp. (TSX-V: MSA) ("Mesa" or the "Company") is pleased to report that it has filed a technical report under National Instrument 43-101 for the wholly owned Green Energy project in Utah. Additionally, Mesa has staked new claims contiguous to the existing claim block, adding 2,240 acres for a total position of 10,080 acres.

The Technical Report was prepared by Dana Durgin of Delve Consultants, a Reno Nevada based consulting geologist who fulfills the requirements of a 'Qualified Person' for the purposes of NI 43-101. The report is dated March 14, 2011 and is titled "Technical Report, Geology and Mineral Resources, Green Energy Project, Grand County, Utah". The report may be viewed on Mesa's website www.mesauranium.com or on the System for Electronic Document Analysis and Retrieval (SEDAR) www.sedar.com.

In the report, Mr. Durgin provides a detailed description of the historical reserve estimates, mineral potential, geology and previous exploration on the project. Mr. Durgin's review recommends a Phase 1 program of evaluation, drilling and metallurgical testing on the targeted areas, at an estimated budget of $340,000. An excerpt from the Recommendations section concludes: "The drilling of a well should be considered for exploration and possible production. It should be designed to sample the Clastic Zone 31 brine and the potash #5 and #9 strata, which are those currently being mined at Intrepid Minerals' Cane Creek potash mine". Mesa is currently engaged in obtaining the permits and selecting a drilling contractor for this program.

The report stated "While not yet sufficiently well defined for mining purposes, both the lithium and the potash resources appear to be quite large, based on the oil and gas well data, and on brine studies from the 1960's." Mesa is currently creating a 3-D model using the oil and gas well data to aid in drill target selection.

About the Green Energy Project
Mineral brine occurs at the project with historic values as high as 1,700 ppm lithium (0.9% Li2CO3), 7.9% potash, 18.7% magnesium chloride, 6,100 ppm bromine and 1,260 ppm boron; these results are not 43-101 compliant and have not been verified by the Company. To put the project into context, the table below shows lithium and potassium grades at various natural brine mines. Potash from solution mining typically grades 1-3% potash however, these are man-made brines created by dissolving concentrated bedded potash deposits.

Deposit Location Lithium (ppm) Potash (percent)
Green Energy Utah 81-1700 8.96
Atacama Chili 1,700 4.2
Clayton Valley Nevada 300 0.15
Great Salt Lake - North Arm Utah 66 0.87
Great Salt Lake - South Arm Utah 43 1.3
Hombre Muerto Argentina 100-700  
Uyuni Bolivia 100-500  


About Mesa Uranium
Mesa is exploring a portfolio of premier mineral properties in the United States where it controls significant land holdings. All projects are within proven mining districts with excellent access and infrastructure. Mesa currently has 12.6 million shares issued and outstanding, and has no debt. For further information please visit our website at www.mesauranium.com.

ON BEHALF OF THE BOARD
MESA URANIUM CORP.



(signed) Foster Wilson, President and CEO

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com

For further information call:

Corporate Communications, 775-824-4533

The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.


Copyright � 2011 MESA URANIUM CORP. (MSA) All rights reserved. For more information visit our website at http://www.mesauranium.com/ or send email to info@mesauranium.com ..
Message sent on Wed Mar 23, 2011 at 9:10:43 AM Pacific Time
Data and Statistics for these countries : Argentina | Bolivia | All
Gold and Silver Prices for these countries : Argentina | Bolivia | All

Mesa Exploration

EXPLORATION STAGE
CODE : MSA.V
ISIN : CA59064J1075
CUSIP : 59064J107
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Mesa Exploration is a uranium exploration company based in Canada.

Mesa Exploration holds various exploration projects in USA.

Its main exploration properties are LONE STAR UTAH, HOLBROOK, GREEN ENERGY, MOONSHINE SPRINGS and LISBON VALLEY PROJECT in USA.

Mesa Exploration is listed in Canada and in United States of America. Its market capitalisation is CA$ 967 288 as of today (US$ 726 356, € 661 565).

Its stock quote reached its highest recent level on February 11, 2011 at CA$ 1.49, and its lowest recent point on February 19, 2016 at CA$ 0.01.

Mesa Exploration has 16 121 460 shares outstanding.

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Corporate Presentations of Mesa Exploration
10/3/2007 Updated In Jay Taylor's Energy Newsletter
Financings of Mesa Exploration
6/24/2013Non-brokered Private Placement
3/23/2012Closes Non-brokered Private Placement
2/29/2012Announces Non-Brokered Private Placement
6/10/2011Announces 100% of Warrants Exercised
2/18/2011Announces Non-Brokered Private Placement
11/25/2009Announces Private Placement
11/20/2009Closes Private Placement with Pinetree Resource Partnership
11/10/2009Announces Private Placement
7/23/2008Announces Closing of Private Placement
5/30/2008Announces Private Placement
4/12/2007Closes $3 Million Private Placement
Nominations of Mesa Exploration
4/5/2012Announces Changes to the Board of Directors
Project news of Mesa Exploration
9/22/2016Agrees to Sell the Sal Rica Project
11/13/2012Acquires Gold and Silver Projects
7/31/2012Permitting Update for the Bounty Potash Project
5/16/2012Receives Utah Congressional Delegation Support for the Bount...
3/26/2012(Moonshine Springs)Drilling Confirms Uranium Zone at Moonshine Springs Project
2/22/2012(Moonshine Springs)Commences Drilling Program at Moonshine Springs Uranium Proj...
1/31/2012Acquires the Bounty Potash Project
1/25/2012(Moonshine Springs)To Drill Moonshine Springs Uranium Project
10/26/2011Acquires Seismic Data for Utah Projects
6/22/2011Receives Metallurgical Report for Lithium, Potash Project
2/9/2011(Green Energy)Retains North American Exploration Inc. for the Green Energy...
2/3/2011(Holbrook)JV Partner Passport Potash Commences Geophysical Survey at H...
2/2/2011(Lone Star Utah)Acquires Uranium Leases
6/21/2010(Moonshine Springs)Receives Drilling Permit at Moonshine Springs, Arizona
12/17/2009(Green Energy)Update
3/17/2010(Green Energy)Expands the Project
4/20/2010(Green Energy)Initiates Permitting for Green Energy Lithium Project
5/7/2008(Moonshine Springs)Conducts Radon Survey at Moonshine Springs, Arizona
Corporate news of Mesa Exploration
7/13/2016Favorable Lithium Brine Assay Results From Sal Rica
6/23/2016Acquires Sal Rica Lithium Brine Project
5/25/2016Closes Green Energy Mineral Brine Transaction
12/22/2015Re-acquires Green Energy Mineral Brine Project
12/22/2015Mesa Exploration Re-Acquires Green Energy Mineral Brine Proj...
12/17/2015Mesa Exploration Updates Four Utah Potash Projects
12/17/2015Updates Four Utah Potash Projects
6/13/2013Files Amended Technical Reports on SEDAR
4/25/2013Clarifies Technical Disclosure
3/12/2013Corporate Update
9/12/2012Reports Technical Disclosure Review and Refilling of MD&A
5/17/2012Bounty Potash Video
5/9/2012Bounty Potash Update
3/8/2012(Holbrook)Receives $300,000 Payment for Holbrook Basin
2/16/2012Files NI 43-101 Technical Report on the Bounty Potash Projec...
9/20/2011Retains Consulting Group for Potash and Lithium Drilling Sup...
8/3/2011Acquires Potash Lease in Utah
7/27/2011Commences Potash Exploration
5/4/2011Files NI 43-101 Report on Utah Potash Projects, Indicates Pr...
4/19/2011Engages IntelliMet
4/7/2011Acquires Potash Projects
3/23/2011(Green Energy)Files 43-101 Report, Expands the Green Energy Project
11/30/2010Unaware of Any Material Change
7/14/2010Signs Letter of Intent on the Holbrook Potash Project
11/4/2009Acquires Lithium Project
5/27/2009Acquires Additional Potash Projects in Utah
1/22/2009Acquires Potash Exploration Permits in Arizona
9/15/2008Acquires Utah Potash Project, Consolidates Shares
5/22/2008Signs Definitive Joint Venture Agreement with Energy Fuels
2/26/2008Expands Land Holdings, Forms WellProbe Geophysical With New ...
1/8/2008 Drills Significant U3O8 In Arizona
11/15/2007 Begins Drilling Moonshine Springs Uranium Project in Arizon...
11/14/2007 Extends Mineralization Around L-15 Discovery Hole - RAD Tar...
10/4/2007Begins Step-out Drilling On Uranium Discovery
9/10/2007Drills 17.5 Feet Grading 0.11% U3O8
7/4/2007Retains AGORACOM To Provide Investor Relations
6/27/2007Signs Second LOI with Energy Fuels Inc.
6/18/2007Begins Drilling At Lisbon Valley Project
6/5/2007Signs LOI with Energy Fuels Inc.
5/4/2007Acquires Arizona Breccia Pipe Targets
4/24/2007Lisbon Valley Project Drilling Program
4/18/2007Acquires Additional Land at Moonshine Springs
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