Mesa Uranium Corp.

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 April 11, 2007
Mesa Closes $3 Million Private Placement

 April 11, 2007 -- MESA URANIUM CORP. (TSX.V: MZU) ("Company") is pleased to announce that it has closed its previously announced private placement for total gross proceeds of $3,000,000 (the "Offering") led by Pacific International Securities Inc. (the "Agent").

The private placement consisted of 6 million units (each a "Unit") at a purchase price of $0.50 per Unit for gross proceeds of $3,000,000. Each Unit is comprised of one common share of the Company and one half of one transferable common share purchase warrant (each whole warrant a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share (a "Warrant Share") of the Company at an exercise price of $0.75 per Warrant Share at any time until April 11, 2009.

In consideration for the services provided by the Agent in connection with the Offering, the Agent received a commission of 245,300 units (the "Agent's Units") of the Company and $87,350 in cash. Each Agent's Unit consists of one common share of the Company and one half of one non-transferable common share purchase warrant, each common share purchase warrant exercisable to acquire one additional common share of the Company at an exercise price of $0.75 at any time until April 11, 2009. The Agent also received 600,000 compensation options that entitle the Agent, at any time until April 11, 2009, to acquire such number of common shares of the Company at an exercise price of $0.55 per common share. All securities issued in connection with the Offering will be subject to a four month hold period under applicable Canadian securities laws.

The net proceeds from the private placement will be used for the exploration and drilling of the Company's Lisbon Valley project in Utah and the Moonshine Springs project in Arizona, and to allow the Company to explore new acquisition opportunities.

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 Lisbon Valley project in Utah, where drilling continues to identify new uranium mineralization, as previously announced. The Lisbon Valley District produced over 85 million pounds of U3O8, at some of the highest uranium grades in the United States, averaging 0.4% U3O8. The Lisbon Valley Mining District is located in the Colorado Plateau region, 30 miles south of Moab, in San Juan County, Utah. For further information about Mesa Uranium please visit our website at

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


(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

For further information call:
Wayne Marsden,
Investor Relations
Phone: 1-866-337-1235

Susan L. Wilson,
Corporate Communications
Phone: 604-688-7508

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

You can view the Next News Releases item: Wed Apr 18, 2007, Mesa Acquires Additional Land at Moonshine Springs

You can view the Previous News Releases item: Fri Mar 16, 2007, Mesa Announces Private Placement

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