Trelawney Completes Previously Announced Offering

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES


Trelawney Mining and Exploration Inc. ("Trelawney" or the "Company") (TSX
VENTURE:TRR)(FRANKFURT:RTW) is pleased to announce that it has closed its
previously announced bought deal public offering, pursuant to which the Company
sold an aggregate of 5,520,000 flow-through common shares (the "Flow-Through
Shares") at a price of CDN$4.70 per Flow-Through Share, for aggregate gross
proceeds of CDN$25.9 million (the "Offering"), to a syndicate of investment
dealers led by RBC Capital Markets Inc. and including Jennings Capital Inc.,
CIBC World Markets Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc. and BMO
Capital Markets (the "Underwriters").


The Underwriters were paid an aggregate cash fee of $1,297,200, representing 5%
of the gross proceeds of the Offering.


The securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from the registrations
requirements of such Act. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy the securities in any jurisdiction
in which such offer, sale or solicitation would be unlawful.


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.