VANCOUVER, BRITISH COLUMBIA - (Nov. 15, 2007) - Mesa Uranium Corp. (TSX VENTURE: MZU) ("Mesa") is pleased to announce commencement of drilling at its 100%-owned Moonshine Springs project in the Arizona Strip Uranium Mining District in Mohave County, Arizona.
Uranium exploration in the Moonshine Springs area by Pathfinder Mines and Exxon Minerals led to the discovery of a 2.5 million pound U3O8 deposit in the 1980s. The deposit is currently owned by Dennison Mines and is located within 1 mile of Mesa's project. Limited data exists on historic holes drilled on land controlled by Mesa. One hole drilled by Exxon intercepted a six foot interval averaging 0.4% U3O8 (8 pounds per ton) at a depth of 600 feet.
Mesa's planned drilling program will consist of 10 to 12 holes for a total footage of 6,000 feet and is designed to verify previous drilling and test for extensions of the known mineralized system. Positive drilling results will lead to follow-up drilling in 2008.
About Mesa Uranium
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, 30 square mile Lisbon Valley project in the Lisbon Valley Mining District in Utah. The District produced over 85 million pounds of U3O8, at some of the highest grades in the United States, averaging 0.4% U3O8. For further information about Mesa Uranium please visit our website at www.mesauranium.com.
Qualified Person
This Press Release has been prepared and revised under the supervision of Gregory French, P. Geo., Technical Advisor for Mesa, a Qualified Person as defined by National Instrument 43-101 guidelines.
ON BEHALF OF THE BOARD
MESA URANIUM CORP.
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.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
CONTACT INFORMATION:
Mesa Uranium Corp.
Foster Wilson
President and CEO
(775) 826-9888
or
Mesa Uranium Corp.
Wayne Marsden
Investor Relations
Toll Free: 1-866-337-1235
Website: www.mesauranium.com
