======================================================================
Re: News Releases - Friday, February 23, 2007
Press Release
======================================================================
Messina Minerals Inc. is pleased to welcome Mr. Gordon Ulrich to the
position of Director. Mr. Ulrich's nomination to the Company's Board of
Directors was approved by shareholders at Messina's Annual General
Meeting held February 22nd.
Mr. Ulrich has worked in the western Canadian mining industry since
1966 and was president of Luscar Ltd, a major Canadian energy company
with interests in coal and oil and gas in western Canada, for over 10
years. Under Mr. Ulrich's tenure, Luscar went public with the Luscar
Coal Income Fund, opened two new mines, and increased revenues two-fold
to $693 million in 1999. Mr. Ulrich remains involved as a professional
board member of several organizations, and Alberta government advisory
committees. Mr. Ulrich has a wealth of business and corporate
management experience and knowledge that will be an invaluable asset to
the Company as exploration on its Newfoundland mineral properties
advances towards development.
The Company has agreed with four parties to cancel existing incentive
stock options exercisable at $1.51 due to expire September 6, 2007
totaling 325,000 options. The Company also announces that, subsequent
to the cancellation of these options, the Company granted under its
Incentive Stock Option Plan a total of 2,075,000 incentive stock
options to certain employees, officers, directors and/or consultants at
a price of $1.51 per share, exercisable for a period of five years.
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.
======================================================================
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 Feb 23, 2007 at 3:25:02 PM Pacific Time
======================================================================
.