MMI Messina Minerals Inc.

Messina Minerals Inc. (TSX VENTURE:MMI) ("Messina" or the "Company") announced
today that the Board of Directors has determined to implement, subject to TSX
Venture Exchange approval, a share consolidation of the issued and fully paid
common shares without par value of the Company on the basis of five (5)
pre-consolidation common shares for one (1) post-consolidation common share as
authorized by the Company's shareholders at the Company's annual general meeting
held on February 23, 2012. No fractional shares shall be issued in connection
with the consolidation and any fractional shares resulting from the
consolidation will be eliminated. The number of the Company's common shares
outstanding is 62,915,810. The number of common shares outstanding following the
consolidation will be 12,583,162. There will be no name change in conjunction
with the share consolidation.


The Company currently has 3,900,000 outstanding warrants of which 2,500,000 are
exercisable at $0.12 per share and 1,400,000 are exercisable at $0.10 per share.
As a consequence of the share consolidation, the total number of warrants
outstanding will be 780,000 comprised of 500,000 outstanding warrants with
adjusted exercise price of $0.60 per share and 280,000 warrants with adjusted
exercise price of $$0.50 per share.


The Company also has outstanding options to purchase up to 2,200,000 common
shares of the Company issued to directors, officers, consultants and employees
of the Company. Resulting from the consolidation, the options outstanding will
be 440,000 and the exercise prices of these options will be adjusted in
accordance with the consolidation ratio.


The Company also announced today the approval by the Board of Directors of an
advance notice policy (the "Policy") on January 22, 2013, which Policy, among
other things, includes a provision that requires advance notice to the Company
in circumstances where nominations of persons for election to the Board of
Directors are made by shareholders of the Company other than pursuant to: (i) a
requisition of a meeting made pursuant to the provisions of the Business
Corporations Act (British Columbia) (the "Act"); or (ii) a shareholder proposal
made pursuant to the provisions of the Act.


Among other things, the Policy fixes a deadline by which holders of record of
common shares of the Company must submit director nominations to the Company
prior to any annual or special meeting of shareholders and sets forth the
information that a shareholder must include in the notice to the Company for the
notice to be in proper written form.


In the case of an annual meeting of shareholders, notice to the Company must be
made not less than 30 nor more than 65 days prior to the date of the annual
meeting; provided, however, that, in the event that the annual meeting is to be
held on a date that is less than 50 days after the date on which the first
public announcement of the date of the annual meeting was made, notice may be
made not later than the close of business on the 10th day following such public
announcement.


In the case of a special meeting of shareholders (which is not also an annual
meeting), notice to the Company must be made not later than the close of
business on the 15th day following the day on which the first public
announcement of the date of the special meeting was made.


The Policy is effective as of the date it was approved. With respect to the
annual general meeting of shareholders of the Company (the "Meeting") to be held
on February 21, 2013, any notice delivered to the Company prior to the close of
business on February 6, 2013 shall be deemed to have been timely delivered.


The full text of the Policy is available via SEDAR at www.sedar.com or upon
request by contacting the Corporate Secretary of the Company at (604) 688-1508
or by e-mail at susan@messinaminerals.com. 


ON BEHALF OF THE BOARD OF DIRECTORS OF

MESSINA MINERALS INC.

Peter Tallman, President

FOR FURTHER INFORMATION PLEASE CONTACT: 
Messina Minerals Inc.
Peter Tallman
President
(604) 688-1508
(604) 629-7971 (FAX)
info@messinaminerals.com
www.messinaminerals.com

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