Mesa Exploration Corp Ord MSAJF

RE: Ambulance chasers

[ATLEVAN]

Until all the conditions are met it is still a joint venture as per News Release dated Sept 02, 2010 on the Mesa Uranium website.


A. Passport Potash has the right to acquire 75% interest by performing the following:

I. Issuing 500,000 shares upon the signing of the forthcoming agreement, that each share certificate shall imprinted thereon a legend restricting transfer in Canada for four months plus one day from the date of issuance of the shares;
II. Paying US $20,000.00 cash within 90 days of the completion of Passport's next financing;
III. Meeting the minimum exploration expenditures as required by the Arizona State Land Department.
IV. Exploration expenditures on the leases will be paid for by Passport on a 100% basis.

B. Passport Potash has the right to acquire the remaining 25% interest by paying US $100,000 cash or stock equivalent;

C. The agreement is subject to a 2% NSR royalty with Passport retaining the option to purchase the royalty at the price of US $150,000 per 1% or US $300,000 for 2%.