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MMI Messina Minerals Inc.

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Share Name Share Symbol Market Type
Messina Minerals Inc. TSXV:MMI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Messina Minerals Increases Private Placement

06/07/2011 11:54pm

Marketwired Canada


Messina Minerals Inc. (TSX VENTURE:MMI) - 

THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION
TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT
CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THE SECURITIES PROPOSED
TO BE OFFERED IN THE PRIVATE PLACEMENT HAVE NOT BEEN REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE
OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR
AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS.


Messina Minerals Inc. ("Messina" or the "Company") is pleased to announce that
its non-brokered private placement previously announced on June 13, 2011 (the
"Offering") has been increased to up to 9,000,000 Units at a price of $0.10 per
Unit for gross proceeds of up to $900,000. All other terms of the Offering
remain unchanged. 


The Offering remains subject to certain conditions including but not limited to
the receipt of all required regulatory approvals and consents, including the
approval of the TSX Venture Exchange. Closing is now anticipated to be on or
about July 11, 2011. The securities of the Company issuable pursuant to the
Offering will be subject to a Canadian hold period expiring four months and one
day after the closing date.


About Messina

Messina Minerals Inc. is a junior mineral resource company engaged in the
exploration of zinc-lead-copper-silver-gold deposits in central Newfoundland,
Canada on its extensive 410 square kilometer mineral lands, in a region known
historically for its zinc-copper resources and where the Company has made
massive sulphide discoveries including "Boomerang" and "Domino". Messina's
common shares trade on the TSX Venture Exchange under the trading symbol "MMI".


This press release contains forward-looking statements. More particularly, the
press release contains forward-looking statements related to the anticipated
closing of the Offering and the use of proceeds therefrom. The forward-looking
statements contained in this document are based upon certain key expectations
and assumptions made by Messina, including: expectations and assumptions
concerting receipt of required regulatory approvals and the satisfaction of
other conditions to the completion of and use of proceeds from the Offering.
Although Messina believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Messina can give no
assurance that they will prove to be correct. Since forward-looking statements
address future events and conditions, by their very nature they involve inherent
risks and uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These include, but
are not limited to, the failure to obtain necessary regulatory approvals or
satisfy the conditions to closing the Offering.


Additional information on these and other factors that could affect Messina's
operations and financial results are included in reports, including Messina's
quarterly and annual reports on file with Canadian securities regulatory
authorities and may be accessed through the SEDAR website (www.sedar.com). The
forward-looking statements contained in this document are made as of the date
hereof and Messina undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful.


ON BEHALF OF THE BOARD OF DIRECTORS OF MESSINA MINERALS INC.

Peter Tallman, President

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