| ||October 14, 2016|
| ||Mesa Exploration Corp. (TSX-V: MSA, OTCPK: MSAJF) (the "Company" or "Mesa") is pleased to announce that it plans to settle outstanding debt due to an officer of the Company in the amount of CDN$65,677 of debt in consideration for the issuance of 1,313,540 common shares of the Company at a deemed price of CDN$0.05 per common share. The shares to be issued will be subject to a four-month hold period under applicable securities laws in Canada. The debt settlement is subject to the approval of the TSX Venture Exchange.|
About Mesa Exploration:
Mesa is exploring a portfolio potash, gold and silver mineral properties in the United States where it controls significant land holdings in proven mining districts with excellent access and infrastructure. Mesa currently has 16.7 million shares issued and outstanding, 50% of the shares are controlled by insiders and institutions. For further information please visit our website at www.MesaExploration.com.
ON BEHALF OF THE BOARD
MESA EXPLORATION 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, 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 the TSX Venture Exchange may not approve the debt settlement transaction, 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, 775-771-5219
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
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