TRR Trelawney Mining And Exploration

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES


Trelawney Mining and Exploration Inc. ("Trelawney" or the "Company") (TSX
VENTURE:TRR)(FRANKFURT:RTW) announces that it has filed and obtained a receipt
for a final short form prospectus in connection with its previously announced
bought deal public offering of 5,520,000 flow-through common shares
("Flow-Through Shares") of the Company at a price of CDN$4.70 (the "Offering
Price") per Flow-Through Share, for aggregate gross proceeds of CDN$25,944,000
(the "Offering"), led by RBC Capital Markets and with a syndicate including
Jennings Capital Inc., CIBC World Markets Inc., Raymond James Ltd., Stifel
Nicolaus Canada Inc. and BMO Capital Markets (collectively, the "Underwriters").
The Underwriters will be paid an aggregate cash fee equal to 5% of the gross
proceeds of the Offering. 


Proceeds of the Offering will be used by Trelawney to incur Canadian exploration
expenses (the "Qualifying Expenditures") on its properties located in Northern
Ontario prior to December 31, 2012. The Company will renounce the Qualifying
Expenditures to subscribers of the Flow-Through Shares for the fiscal year ended
December 31, 2011. Trelawney advises that at least 90% of the Qualifying
Expenditures, once renounced, will qualify as flow-through mining expenditures. 


The Offering is scheduled to close on or about November 28, 2011 and is subject
to certain conditions including, but not limited to, the receipt of all
necessary approvals including the approval of the TSX Venture Exchange.


The securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from the registrations
requirements of such Act. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy the securities in any jurisdiction
in which such offer, sale or solicitation would be unlawful.


The Offering is made only by prospectus. The prospectus contains important
detailed information regarding the Flow-Through Shares. Investors should read
the final prospectus before making an investment decision. Copies of the final
prospectus may be obtained from RBC Capital Markets, Attention: Distribution
Centre, 277 Front St. W., 5th Floor, Toronto, Ontario M5H 2X4 (tel:
416-842-5349).


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.

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