| ||October 26, 2016|
Acquires Blue Wing Lithium Project
| ||Mesa Exploration Corp. (TSX-V: MSA, OTCPK: MSAJF) (the "Company" or "Mesa") is pleased to announce the acquisition by staking of the Blue Wing lithium brine project in Nevada. The Project consists of 16 placer mining claims covering 320 acres, located 60 miles from the TESLA lithium battery gigafactory.|
The project is located in the physiographic and geophysical low of a large closed basin -- 967 square miles (Clayton Valley, the basin hosting the Silver Peak lithium brine mine, is 556 square miles).
Blue Wing Basin beneficial features:
• Tertiary aged lithium bearing volcanic, igneous and pegmatite source rocks;
• Tectonically driven subsidence basin;
• Multiple overlapping geothermal clusters promoting thermal brine circulation;
• Historic volcanic caldera suggesting late stage melt volatility conducive to enriching source rocks with lithium;
• Arid climate promoting concentration through evaporation;
• Located within 10 miles of Interstate highway and rail transport.
The company plans to carry out an exploration program this Fall and Winter to determine the potential for a lithium brine deposit. The exploration program will consist of shallow sampling followed by a geophysical program to define potential drill targets.
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 18 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 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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