Trelawney Mining and Exploration Inc.

Trelawney Mining and Exploration Inc.

May 19, 2010 16:00 ET

Trelawney Signs Letters of Intent on Two Properties Near Chester Project With Crown Minerals

TORONTO, ONTARIO--(Marketwire - May 19, 2010) - Trelawney Mining and Exploration Inc. ( "Trelawney" or the "Company") (TSX VENTURE:TRR) announces that it has signed letters of intent with Crown Minerals Inc. ("Crown") on two mineral properties in close proximity to Trelawney's Chester Project in northern Ontario – Crown's Chester / Yeo property and Trelawney's Benneweis property.

On Crown's Chester / Yeo property, Trelawney is purchasing an 80% interest for a one-time payment of $120,000 and Crown will retain a 20% carried interest until the completion of a positive pre-feasibility study. The Chester/Yeo property is contiguous to and west of Trelawney's Chester Project. The property consists of three claims with 14 units located approximately 1 kilometre west of Trelawney's newly discovered Cote Lake deposit.

On Trelawney's recently-staked Benneweis property, Trelawney has granted Crown the option to earn a 50% interest in exchange for Crown issuing 1.6 million common shares of Crown and spending $2.5 million in exploration expenses over a five-year period. The Benneweis property is located east of the Chester Project and consists of 20 claims with 257 units located in Benneweis, Groves, Neville and St. Louis townships.

Greg Gibson, Trelawney's President and CEO commented, "We are pleased to create this partnership with Crown Minerals which will allow our outlying properties to receive the exploration attention they deserve, while we continue to focus on the exploration and development of the Cote Lake and Chester deposits."

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.

Contact Information