MMI Messina Minerals Inc.

Messina Minerals Inc. (TSX VENTURE:MMI) (the "Company") is pleased to announce a
non-brokered private placement of up to 4,175,000 Flow-Through Units at a price
of $0.12 per "Flow-Through Unit" for gross proceeds of up to $501,000 and of up
to 500,000 Non-Flow-Through Units at a price of $0.10 per "Non-Flow-Through
Unit" for additional proceeds of up to $50,000. Each Flow-Through Unit will
consist of one flow-through common share and one half of one non-transferable
common share purchase warrant; one full warrant entitling the holder to
subscribe for one additional common share at a price of $0.15 for a period of
eighteen months from closing. Each Non-Flow-Through Unit will consist of one
common share and one non-transferable common share purchase warrant entitling
the holder to subscribe for one additional common share at a price of $0.15 for
a period of eighteen months from closing. Together, the Flow-Through Unit and
Non-Flow-Through Unit offering represents "the Offering", which may close in
tranches.


Proceeds received from the sale of Flow-Through Shares will be used to continue
exploration activities primarily on the Company's Tulks South and Long Lake zinc
projects in central Newfoundland, which expenses are Canadian exploration
expenses ("Qualifying Expenditures") for tax purposes and will be renounced in
favour of the subscribers for the Flow-Through Shares effective on or before
December 31, 2010. Proceeds received from the sale of non-flow-through Units are
intended to be used for corporate purposes.


The Company may pay a finder's fee or commission in respect of all, or part of,
the Offering in cash, shares, warrants or a combination thereof, as may be
permitted by the applicable Securities Laws and the policies of the Exchange.


The offering is 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 of the Offering is expected on or
about November 8, 2010. The securities of the Company issuable pursuant to the
private placement will be subject to a Canadian hold period expiring four months
and one day after the closing date.


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.


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, the use of proceeds therefrom and the tax treatment of
the Flow-Through Shares. 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, under 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 or the failure to incur Qualifying Expenditures as planned.


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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