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Re: News Releases - Friday, September 28, 2007
Messina Minerals Inc. Closes $7 Million Private Placement
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Vancouver, BC, September 28, 2007 - Messina Minerals Inc. (TSX-V:MMI)
(the "Company") is pleased to announce that it has closed its
previously announced brokered private placement by the issuance today
of 6,320,000 flow-through shares at a price of $0.95 per flow-through
share and 1,420,000 units at a price of $0.80 per unit for aggregate
gross proceeds to the Company of $7,140,000. Each unit consists of one
common share and one-half of one common share purchase warrant. Each
whole warrant, expiring on September 28, 2009, will entitle the holder
to subscribe for one additional common share of the Company at a price
of $1.10. Proceeds received from the private placement are intended to
be used to continue exploration work on the Company's properties in
central Newfoundland and for general corporate purposes.

Orion Securities Inc. acted as the agent for this financing. As
consideration for its participation in the offering, the agent received
a cash commission equal to 6.5% of the total proceeds raised and
503,100 compensation options, each of which is exercisable into one
unit at a price of $0.80 expiring on September 28, 2009. These units
are on the same terms as the units sold under the offering.

All securities issued pursuant to this private placement are subject to
a four month hold period that expires on January 29, 2008.

About Messina

Messina Minerals Inc. is exploring for zinc-lead-copper-silver-gold
massive sulphide deposits in central Newfoundland, Canada on its
extensive 383 square kilometer mineral lands, in a region known
historically for its zinc resources and where the Company has made new
massive sulphide discoveries including "Boomerang" and "Domino".
Messina's strategy is to test its properties for zinc-copper
mineralization that is conceptually within truck-hauling distance of
Boomerang/Domino indicated/inferred mineral resources and which could,
subject to positive exploration and other test results, be additive to
the Company's zinc-lead-copper-silver-gold resource base.

ON BEHALF OF THE BOARD OF DIRECTORS OF
MESSINA MINERALS INC.

"Peter Tallman"

President

The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.

For further information
Please contact:
Peter Tallman
President
(604)688-1508
Fax: (604) 601-8253
Email: info@messinaminerals.com
Website: www.messinaminerals.com

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Copyright (c) 2007 MESSINA MINERALS INC. (MMI) All rights reserved.
For more information visit our website at
http://www.messinaminerals.com/ or send mailto:info@messinaminerals.com
Message sent on Fri Sep 28, 2007 at 9:14:09 AM Pacific Time
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