Trelawney Mining and Exploration Inc.

Trelawney Mining and Exploration Inc.

August 25, 2009 17:26 ET

Trelawney Closes First Tranche of Private Placement

TORONTO, ONTARIO--(Marketwire - Aug. 25, 2009) - Trelawney Mining and Exploration Inc. ("Trelawney") (TSX VENTURE:TRR) is pleased to announce that further to its press releases dated July 29, 2009 and August 18, 2009 announcing a proposed private placement of up to 11,750,000 flow-through units of the Company and 3,538,235 units of the Company, it has completed the first tranche of 3,250,000 flow-through units at a price of $0.20 per flow-through unit for gross proceeds of $650,000. Each flow-through unit is comprised of one flow-through share and one-half of a non-flow-through common share purchase warrant. Each whole warrant entitles 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 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.

Shares Issued: 23,509,357

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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