Trelawney Mining and Exploration Inc.
TSX VENTURE : TRR

Trelawney Mining and Exploration Inc.

August 13, 2007 11:51 ET

Trelawney Resources Inc.: Exploration Update

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2007) - Trelawney Resources Inc. (TSX VENTURE:TRR) reports that the deepest drilling on the Dorset property has intersected the Dorset Zone at a depth of approximately 415 metres vertically below surface and the zone remains open to depth. Hole MC-07-127 intersected an 8.6 metre zone (core length) that assayed 2.14 g/t gold including 7.08 g/t gold over 0.5 metres.

The Dorset Zone strikes in an east-west direction and dips approximately 45 to 55 degrees to the north. It has a minimum strike length of approximately 750 metres and is open to depth. Previous drilling on the Dorset Zone has been relatively shallow. Only 11 holes have been drilled below the 200 metre level and all of these holes intersected the Dorset Zone. The majority of holes (approximately 65%), have tested the Dorset Zone above the 100 meter level. More detailed information, including drill hole plan, idealized sections, and table summarizing results can be viewed on the Company website.

On June 26, 2007, the Company reported that it has commenced with a resource calculation by independent consultants compliant with National Instrument 43-101. It is expected that the resource calculation will be completed this fall.

Wayne O'Connor, President and CEO of Trelawney states that:

"It is very encouraging that the gold mineralization continues to depth. Trelawney Resources is one of the most active exploration companies searching for gold in the Wawa area. Since August 2006, Trelawney has completed 92 holes, totalling 15,834 metres and 95% of the holes intersected Dorset Zone mineralization. We believe that the three-dimensional modelling of the gold deposit will help us locate higher grade zones in the deposit and at depth."

Trelawney is the largest land holder in the entire Wawa/Hemlo mining camp with approximately 21,000 acres under its control. The Company's neighbour, gold producer 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.

Trelawney is earning its 50% interest in the Dorset property from MetalCORP Limited by spending $2 million on exploration; making cash and stock payments totalling $220,000 and issuing 900,000 shares over five years. Trelawney can earn a further 20% interest by completing a feasibility study, paying $100,000 cash and issuing 500,000 shares. On completion of Trelawney's option, a joint venture will be formed on either a 50:50 or 70:30 basis respectively.

DRILLING PROGRAM FOR NAIRN COPPER/NICKEL PROPERTY

In June 2006 Trelawney announced that it signed an option agreement whereby the Company can earn a 100% interest in the Nairn and Hyman Township property located 55 km southwest of the city of Sudbury, Ontario. Trelawney can earn its interest in the property by issuing 275,000 common shares and by making cash payments totaling $105,000 over a five year period. The vendor will retain a 2% Net Smelter Return Royalty (NSR) of which half can be purchased for $1 million. Five holes totaling 1,153 metres have been recently completed and assay results are pending.

Robert Duess, P. Geo. is a "Qualified Person" as defined in National Instrument 43-101 and is responsible for the technical information presented in this news release.

Shares Issued: 72,250,188

Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information