| ||February 02, 2011|
Mesa Acquires Uranium Leases
| ||February 2, 2011 -- Mesa Uranium Corp. (TSX-V: MSA) ("Mesa" or the "Company") is pleased to announce the acquisition from the State of a Utah a uranium lease consisting of 2,560 acres located in the Seven Mile Uranium District of Southeastern Utah. Mesa has also acquired a mineral lease for the Lone Star mine, an historic producer of uranium. The Lone Star mine consists of approximately 20 acres and is located in the Lisbon Valley Mining District in southeastern Utah. Production from the Lone Star was not significant however there is excellent potential for the discovery of uranium on the claim. Both mineral leases were acquired for nominal annual payments and a royalty.|
Mesa will evaluate available drill logs, geologic maps and production records to guide future exploration work.
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 12.2 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:
Corporate Communications, 775-824-4533
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
You can view the Next News Releases item: Thu Feb 3, 2011, Mesa JV Partner Passport Potash Commences Geophysical Survey at Holbrook Potash Project
You can view the Previous News Releases item: Tue Dec 7, 2010, Mesa Closes Non-Brokered Private Placement
You can return to the main News Releases page, or press the Back button on your browser.