Trelawney Mining and Exploration Inc.
TSX VENTURE : TRR

Trelawney Mining and Exploration Inc.

March 09, 2010 13:55 ET

Trelawney Adopts Shareholder Rights Plan

TORONTO, ONTARIO--(Marketwire - March 9, 2010) - Trelawney Mining and Exploration Inc. (the "Company") (TSX VENTURE:TRR) announces that the Company's Board of Directors has approved the adoption of a shareholder rights plan (the "Plan"), to ensure, to the extent possible, that all Trelawney shareholders are treated equally and fairly in connection with any take-over bid, and to provide sufficient time for all shareholders to consider any such transaction. Trelawney is not aware of any pending of threatened take-over bids for the Company.

Trelawney has executed a Shareholder Rights Plan agreement with Trans Canada Transfer Company. The Plan requires ratification by Trelawney's shareholders, and will be submitted to the shareholders for consideration at Trelawney's annual and special meeting of shareholders which will be scheduled for June 2010. The Plan is also subject to TSX Venture Exchange approval.

Under the Plan, shareholders are issued one Right in respect of each Trelawney common share held, such Right being attached to the share. On the occurrence of certain triggering events, including the acquisition by a person or group of 20% or more of the outstanding common shares of the Company pursuant to a transaction that does not meet certain conditions, the Right will entitle its holder (other than the acquiring person or group) to purchase Trelawney common shares at a 50% discount to market.

The complete text of the Shareholder Rights Plan agreement is available on the Company's SEDAR profile at www.sedar.com.

Trelawney is a Canadian junior mining and exploration company with a strategic focus on "Quality Ounce" gold deposits. The Company's current focus is directed towards the development and continued exploration of its newly acquired Chester Project, located in Chester Township 20 kilometres southwest of Gogama, Ontario.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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