Mesa Uranium Corp.

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 May 30, 2008
Mesa Announces Private Placement

 May 30, 2008 - Mesa Uranium Corp. (TSXV: MZU) ("Mesa" or the "Company") is pleased to announce a non brokered private placement (the "Offering") with Foster Wilson, the President, Chief Executive Officer and a director of Mesa, of up to 2,000,000 units (the "Units") at a price of $0.11 per Unit to raise aggregate gross proceeds to Mesa of up to $200,000. Each Unit will consist of one common share (a "Share") in the capital of Mesa and one-half of 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 for a period of 18 months following the closing of the Offering at a price of $0.15 per Warrant Share. 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 and shareholder approval.

Mr. Wilson will become a "control person" (as defined in the Securities Act (British Columbia) of Mesa by virtue of purchasing the Units as he will hold an aggregate of approximately 22.2% of the issued and outstanding common shares of Mesa. The transaction is considered a "related party transaction" under securities legislation as Mr. Wilson is a director, officer and holds over 10% of Mesa's issued and outstanding common shares. Mesa will be relying on the exemptions from the formal valuation and minority shareholder approval requirements under securities legislation, as the fair market value of the Units or the consideration for the Units does not exceed 25% of the market capitalization of Mesa at the time the transaction was agreed to.

Proceeds from the Offerings will be used to fund continuing exploration and for general working capital.

The Company also announced the resignation of Lisa Ng, Chief Financial Officer, and the appointment of Joe Chan to Chief Financial Officer of the Company.

About Mesa Uranium

Mesa is a uranium exploration company focused on exploration in proven uranium mining districts in the western United States. Mesa has 100% ownership of 46 square miles of uranium exploration lands in the Lisbon Valley Mining District in Utah and the Arizona Strip Mining District in northern Arizona. For further information please visit our website at


(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:

Susan Wilson, Corporate Communications, 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 Jul 23, 2008, Mesa Announces Closing of Private Placement

You can view the Previous News Releases item: Thu May 22, 2008, Mesa Signs Definitive Joint Venture Agreement with Energy Fuels

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