Trelawney Mining and Exploration Inc.

Trelawney Mining and Exploration Inc.

May 27, 2009 13:26 ET

Trelawney Completes Financing

TORONTO, ONTARIO--(Marketwire - May 27, 2009) - Trelawney Mining and Exploration Inc. (TSX VENTURE:TRR) is pleased to announce the completion of a non-brokered private placement of 2,000,000 at $0.11 per Common Share for total proceeds of $220,000. A finder's fee of 60,000 Common Shares of the Company were paid in connection with the private placement. The securities issued are subject to a four month hold period.

The proceeds of the financing will be used to fund further metallurgical work on the Dorset property and required surface work on the Massey property.

Trelawney is the largest land holder in the entire mining camp with approximately 21,000 acres now under its control. The Company's neighbour, gold producing Wesdome Gold Mines Ltd. holds approximately 16,000 acres. Trelawney has assembled the largest land package in this area since the Hemlo staking rush in the 1980s. The consolidated property contains over 48 known gold occurrences attesting to the potential of the Mishibishu greenstone belt.

This press release contains forward looking statements within the meaning of applicable Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "anticipates", "expected to", "plans", "planned" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward looking statements is subject to a number of risks, including those described in the Company's annual information form as filed with the Canadian securities regulators which are available at Investors are cautioned not to place undue reliance upon forward looking statements.

Shares Issued: 20,259,357

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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