Press Release: Mesa Exploration : Mesa Exploration Announces Loan and Proposed Spin Out of Mineral Exploration Assets

Mesa Exploration Corp. (TSXV: MSA) (OTC: MSAJF) (the "Company" or "Mesa") announces it has entered into an agreement for a loan of $250,000 (the "Loan") from an arm's length party (the "Lender"). The Loan is to be secured by a debenture, has a term of one year, accrues simple interest at ten per cent per annum payable on the last day of the term. Also on the closing of the Loan, the Lender shall have the right to nominate one person to Mesa's board of directors or to appoint an observer to the board. The use of proceeds of the Loan is for general corporate purposes and in connection with the identification and completion of a suitable acquisition or business combination with an arm's length party.