Mesa Exploration

Published : September 12th, 2012

Reports Technical Disclosure Review and Refilling of MD&A

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Re:        News Release - Tuesday, September 11, 2012
Title:     Mesa Exploration Reports Technical Disclosure Review and Refilling of MD&A

Mesa Exploration Corp. (TSX-V: MSA, OTCPK: MSAJF) (the "Company") announces that, as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure.

Changes have been made to the Company's corporate presentation (the "Corporate Presentation") which is available on our website. Slide 16 of the Corporate Presentation stated that the Moonshine Spring Project is "adjacent to a 4 million pound U308 deposit owned by Denison Mines". The reference to "4 million pound" has been deleted from this statement because it is not compliant with section 2.2(d) of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects ("NI 43-101"), as it only reported contained pounds of uranium. The statement "Surface potash brine estimated to contain 5.1 million tons KCl (not 43-101)" has been deleted from Slide 7, as it does not include the disclosure regarding historical estimates required by section 2.4 of NI 43-101. Slide 13 of the Corporate Presentation stated that the Green Energy Project has a "potential for millions of barrels of brine, $30.00 gross value per barrel". The reference to "$30.00 gross value per barrel" has been deleted from this statement, as its inclusion is contrary to section 2.3(1) of NI 43-101, which prohibits the disclosure of the gross value of metal or mineral in a deposit. Also, in order to comply with section 3.1 of NI 43-101, Dana Durgin, AIPG Certified Professional Geologist and technical advisor to the Company has been added to the Corporate Presentation and the Company's website as the Qualified Person responsible for the technical disclosure set out therein.

In addition, the Company intends to re-file its Management's Discussion and Analysis for the year ended March 31, 2012 (the "filed MD&A"). The nature and substance of the changes to be made to the filed MD&A are as follows:

1. The filed MD&A states, "The 6 million pound Moonshine Springs uranium deposit is located within 2 miles of the project". The re-filed MD&A will remove the reference to the number of pounds from this statement because its inclusion is contrary to section 2.2(d) of NI 43-101, as it only reported contained pounds of uranium.

2. The filed MD&A indicates that a 1966 report suggests the Green Energy project has a "minimum brine reservoir of 15 million barrels with upside in the hundreds of millions of barrels." The re-filed MD&A will delete this statement, as it does not contain the disclosure regarding historical estimates required by section 2.4 of NI 43-101.

3. The re-filed MD&A will indicate that the technical reports prepared for the Company which are referred to in the MD&A were prepared by Dana Durgin, AIPG Certified Professional Geologist and a Qualified Person as defined by NI 43-101, so as to comply with section 3.1 of NI 43-101.

4. The re-filed MD&A will include revised disclosure regarding the Lisbon Valley Project which will state that "during the year ended March 31, 2011, the Company recognized a partial impairment on the property due to the expiration of some claims. For the year ending March 31, 2012, the Company has renewed all current claims and is maintaining its mineral property interests for future development."

5. The re-filed MD&A will include an analysis of liquidity, including its ability to generate sufficient amounts of cash, the Company's expected fluctuations in liquidity, working capital requirements for the next 12 months and liquidity risks.

6. The re-filed MD&A will include a comparison of disclosure previously made about how the Company was going to use proceeds from any financing, an explanation of variances and the impact of the variances on the Company's ability to achieve its business objectives and milestones.

7. The re-filed MD&A will delete the discussion regarding Controls and Procedures and Disclosure, Controls and Procedures, which are voluntary disclosures for the Company.

About Mesa Exploration Corp.
Mesa is developing and exploring a portfolio of mineral properties in the United States where it controls significant land holdings in proven mining districts with excellent access and infrastructure. Mesa currently has 14.8 million shares issued and outstanding, 50% of the shares are controlled by insiders and institutions. For further information please visit our website at www.MesaExploration.com.

ON BEHALF OF THE BOARD
MESA EXPLORATION 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, 775-379-3993

Neither the 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.

Copyright � 2012 MESA EXPLORATION CORP. (TSX-V: MSA, OTCPK: MSAJF) All rights reserved. For more information visit our website at http://www.mesaexploration.com/ or send email to info@mesaexploration.com ..
Message sent on Tue Sep 11, 2012 at 3:00:00 PM Pacific Time

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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