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Re: News Release - Wednesday, April 11, 2007
Mesa Uranium Closes $3 Million Private Placement
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April 11, 2007 -- MESA URANIUM CORP. (TSX.V: MZU) ("Company") is
pleased to announce that it has closed its previously announced private
placement for total gross proceeds of $3,000,000 (the "Offering") led
by Pacific International Securities Inc. (the "Agent").

The private placement consisted of 6 million units (each a "Unit") at a
purchase price of $0.50 per Unit for gross proceeds of $3,000,000.
Each Unit is comprised of one common share of the Company and one half
of one transferable common share purchase warrant (each whole warrant a
"Warrant"). Each Warrant will entitle the holder to acquire one
additional common share (a "Warrant Share") of the Company at an
exercise price of $0.75 per Warrant Share at any time until April 11,
2009.

In consideration for the services provided by the Agent in connection
with the Offering, the Agent received a commission of 245,300 units
(the "Agent's Units") of the Company and $87,350 in cash. Each Agent's
Unit consists of one common share of the Company and one half of one
non-transferable common share purchase warrant, each common share
purchase warrant exercisable to acquire one additional common share of
the Company at an exercise price of $0.75 at any time until April 11,
2009. The Agent also received 600,000 compensation options that
entitle the Agent, at any time until April 11, 2009, to acquire such
number of common shares of the Company at an exercise price of $0.55
per common share. All securities issued in connection with the
Offering will be subject to a four month hold period under applicable
Canadian securities laws.

The net proceeds from the private placement will be used for the
exploration and drilling of the Company's Lisbon Valley project in Utah
and the Moonshine Springs project in Arizona, and to allow the Company
to explore new acquisition opportunities.

Mesa Uranium Corp. is a uranium exploration company focused on proven
uranium districts in the western United States. Mesa's lead project is
the 100%-owned Lisbon Valley project in Utah, where drilling continues
to identify new uranium mineralization, as previously announced. The
Lisbon Valley District produced over 85 million pounds of U3O8, at some
of the highest uranium grades in the United States, averaging 0.4%
U3O8. The Lisbon Valley Mining District is located in the Colorado
Plateau region, 30 miles south of Moab, in San Juan County, Utah. For
further information about Mesa Uranium please visit our website at
www.mesauranium.com.

This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of securities in the United
States. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be offered or
sold within the United States or to a U.S. Person unless registered
under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.

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


Wayne Marsden,
Investor Relations
Phone: 1-866-337-1235


Susan L. Wilson,
Corporate Communications
Phone: 604-688-7508
Email: info@mesauranium.com

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

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Copyright (c) 2007 MESA URANIUM CORP. (TSX.V: MZU) All rights reserved. For
more information visit our website at http://www.mesauranium.com/ or
send mailto:info@mesauranium.com
Message sent on Wed Apr 11, 2007 at 4:39:52 PM Pacific Time
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