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Re: News Release - Tuesday, December 07, 2010
Mesa Uranium Closes Private Placement
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December 07, 2010 -- Mesa Uranium Corp. (TSXV: MSA) ("Mesa" or the
"Company") is pleased to announce it has closed the previously
announced non brokered private placement of 1,300,000 units (the
"Units") at a price of $0.25 per Unit for gross proceeds of $325,000.
Each Unit consists of one common share (a "Share") in the capital of
Mesa and one non-transferable common share purchase warrant (a
"Warrant"). Each whole Warrant entitles 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 $0.50 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 are subject to a four month
hold period expiring April 6, 2011.

Proceeds from the Offering will be used to advance Mesa's exploration
projects and for general working capital. Certain insiders of the
Company participated 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. 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 Tue Dec 7, 2010 at 11:54:14 AM Pacific Time
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