Trelawney Mining and Exploration Inc.
TSX VENTURE : TRR

Trelawney Mining and Exploration Inc.

August 28, 2009 14:16 ET

Trelawney Closes Private Placement

TORONTO, ONTARIO--(Marketwire - Aug. 28, 2009) - Trelawney Mining and Exploration Inc. ("Trelawney") (TSX VENTURE:TRR) is pleased to announce that the Company has closed the private placement of flow-through and common share units. A total of $2,932,450 was raised through the issuance of 11,115,000 flow-through units of the Company and 4,173,234 common share units of the Company. Each flow-through unit was priced at $0.20 and comprised one flow-through common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each common share unit was priced at $0.17 and comprised one common share and one-half of one Warrant. Each Warrant will entitle the holder thereof to acquire a Common Share for a period of 12 months from the date of issuance, exercisable at a price of $0.30 per share. The Company paid cash commissions of $146,997.60 to certain finders.

The securities issued are subject to a four month hold period from the date of issuance. Completion of the private placement is subject to regulatory approval, including satisfaction of the requirements of the TSX Venture Exchange.

Greg Gibson, President and CEO

Shares Issued: 35,547,591

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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