November 08, 2010 -- Mesa Uranium Corp. (TSXV: MSA) ("Mesa" or the
"Company") is pleased to announce a non brokered private placement (the
"Offering") of up to 1,200,000 units (the "Units") at a price of $0.25
per Unit for gross proceeds of up to $300,000. Each Unit will consist
of one common share (a "Share") in the capital of Mesa and one
non-transferable common share purchase warrant (a "Warrant"). Each
whole Warrant will entitle the holder thereof to purchase one
additional common share (a "Warrant Share") in the capital of Mesa at a
price of $0.35 per Warrant Share. The warrants will expire 24 months
from the date of issue unless the closing price of the common shares
has been 50 cents or higher for 20 consecutive trading days, in which
case the warrants will expire if not exercised within 30 days. The
securities issued under the Offering will be subject to a four month
hold period under applicable Canadian securities laws. The Offering is
subject to TSX Venture Exchange approval.

Proceeds from the Offering will be used to advance Mesa's exploration
projects and for general working capital. Certain insiders of the
Company will participate in the offering.

About Mesa Uranium
Mesa is exploring a portfolio of premier uranium, lithium and potash
properties in the United States where it controls significant land
holdings. All projects are within proven mining districts with
excellent access and infrastructure. Mesa currently has 10.9 million
shares issued and outstanding. For further information please visit our
website at www.mesauranium.com.

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

For further information call:

Susan Bertling, Corporate Communications, 604-688-7508

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

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Copyright (c) 2010 MESA URANIUM CORP. (TSXV: MSA) All rights reserved. For
more information visit our website at http://www.mesauranium.com/ or
send mailto:[email protected]
Message sent on Mon Nov 8, 2010 at 10:35:39 AM Pacific Time
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