TV.WT Trevali Mining Corp

NOT FOR DISSEMINATION IN THE UNITED STATES 

Trevali Mining Corporation ("Trevali" or the "Company")
(TSX:TV)(OTCQX:TREVF)(LMA:TV)(FRANKFURT:4TI) announces the pricing of 52,500
units (each a "Unit" and collectively the "Units") consisting of 12.5% Senior
Secured Notes due May 30, 2019 (each a "Note" and collectively, the "Notes") and
Common Share purchase warrants (each a "Warrant" and collectively the
"Warrants") at a price of C$980 per Unit, where each Unit will consist of
C$1,000 principal amount of Notes and 123.2 Warrants for aggregate proceeds of
C$51,450,000. Each whole Warrant shall entitle the holder thereof, subject to
certain conditions, to purchase one Common Share (a "Warrant Share") at an
exercise price of $1.26. The Warrants will expire on May 30, 2019.


Trevali expects to close the offering of the Units on May 30, 2014, subject to
the satisfaction of customary closing conditions.


The Units will be issued on a private placement basis pursuant to exemptions
from the prospectus requirements under Canadian securities legislation in an
agency transaction led solely by GMP Securities L.P. (collectively, the
"Offering").


Trevali intends to use the net proceeds from the Offering: (i) to refinance the
RMB Resources Limited Bridge Facility due June 30, 2014; (ii) to fund Trevali's
asset build-out of the Caribou Mine and Mill in New Brunswick; (iii) to repay
Trevali's US$2 million convertible notes; and (iv) for general corporate
purposes.


The Notes will not be qualified for distribution to the public under the
securities laws of any province or territory of Canada and may not be offered or
sold in Canada, directly or indirectly, other than pursuant to applicable
private placement exemptions. The Notes have not 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 registration requirements of such Act. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy the Notes in
any jurisdiction.


"Following an extensive review of funding options over the past year, we are
very pleased to secure arrangement of this finance facility that represents the
final component required to now move our Caribou Mine and Mill Complex into
production in 2015," stated Dr. Mark Cruise, Trevali's President and CEO. "The
straight debt structure of these notes will provide Trevali maximum leverage and
exposure to the full projected metal production from Caribou operations."


ABOUT TREVALI MINING CORPORATION

Trevali is a zinc-focused base metals mining company with operations in Peru and
Canada.


In Peru, the Company is actively operating its wholly-owned Santander
underground zinc-lead-silver mine and 2,000-tonne-per-day metallurgical plant,
and producing zinc and lead-silver concentrates.


In Canada, Trevali owns the Caribou mine and mill, Halfmile mine and Stratmat
polymetallic deposit all located in the Bathurst Mining Camp of northern New
Brunswick. Initial trial production from the Halfmile underground mine was
successfully undertaken in 2012 and the Company anticipates commencing
operations at its 3,000-tonne-per-day Caribou Mill Complex in 2015.


All of the Company's deposits remain open for expansion.

The common shares of Trevali are listed on the TSX (symbol TV), the OTCQX
(symbol TREVF) and on the Lima Stock Exchange (symbol TV). For further details
on Trevali, readers are referred to the Company's web site (www.trevali.com) and
to Canadian regulatory filings on SEDAR at www.sedar.com.


On Behalf of the Board of Directors of TREVALI MINING CORPORATION

Mark D. Cruise, President

This news release contains "forward-looking statements" within the meaning of
the United States private securities litigation reform act of 1995 and
"forward-looking information" within the meaning of applicable Canadian
securities legislation. Statements containing forward-looking information
express, as at the date of this news release, the Company's plans, estimates,
forecasts, projections, expectations, or beliefs as to future events or results
and the company does not intend, and does not assume any obligation to, update
such statements containing the forward-looking information. Such forward-looking
statements and information include, but are not limited to statements as to: the
accuracy of estimated mineral reserves and resources, anticipated results of
future exploration, and forecast future metal prices, anticipated results of
future electrical sales and expectations that environmental, permitting, legal,
title, taxation, socio-economic, political, marketing or other issues will not
materially affect estimates of mineral reserves. These statements reflect the
Company's current views with respect to future events and are necessarily based
upon a number of assumptions and estimates that, while considered reasonable by
the Company, are inherently subject to significant business, economic,
competitive, political and social uncertainties and contingencies.


These statements reflect the Company's current views with respect to future
events and are necessarily based upon a number of assumptions and estimates
that, while considered reasonable by the company, are inherently subject to
significant business, economic, competitive, political and social uncertainties
and contingencies. Many factors, both known and unknown, could cause actual
results, performance or achievements to be materially different from the
results, performance or achievements that are or may be expressed or implied by
such forward-looking statements contained in this news release and the company
has made assumptions and estimates based on or related to many of these factors.
Such factors include, without limitation: fluctuations in spot and forward
markets for silver, zinc, base metals and certain other commodities (such as
natural gas, fuel oil and electricity); fluctuations in currency markets (such
as the Peruvian sol versus the U.S. dollar); risks related to the technological
and operational nature of the Company's business; changes in national and local
government, legislation, taxation, controls or regulations and political or
economic developments in Canada, the United States, Peru or other countries
where the Company may carry on business in the future; risks and hazards
associated with the business of mineral exploration, development and mining
(including environmental hazards, industrial accidents, unusual or unexpected
geological or structural formations, pressures, cave-ins and flooding); risks
relating to the credit worthiness or financial condition of suppliers, refiners
and other parties with whom the Company does business; inadequate insurance, or
inability to obtain insurance, to cover these risks and hazards; employee
relations; relationships with and claims by local communities and indigenous
populations; availability and increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and development, including
the risks of obtaining necessary licenses and permits and the presence of laws
and regulations that may impose restrictions on mining,; diminishing quantities
or grades of mineral reserves as properties are mined; global financial
conditions; business opportunities that may be presented to, or pursued by, the
Company; the Company's ability to complete and successfully integrate
acquisitions and to mitigate other business combination risks; challenges to, or
difficulty in maintaining, the Company's title to properties and continued
ownership thereof; the actual results of current exploration activities,
conclusions of economic evaluations, and changes in project parameters to deal
with unanticipated economic or other factors; increased competition in the
mining industry for properties, equipment, qualified personnel, and their costs.



Investors are cautioned against attributing undue certainty or reliance on
forward-looking statements. Although the Company has attempted to identify
important factors that could cause actual results to differ materially, there
may be other factors that cause results not to be as anticipated, estimated,
described or intended. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements or information to reflect
changes in assumptions or changes in circumstances or any other events affecting
such statements or information, other than as required by applicable law.


Trevali's production plans at Caribou-Halfmile-Stratmat and Santander are based
only on Indicated and Inferred Mineral Resources and not Mineral Reserves and do
not have demonstrated economic viability. Inferred Mineral Resources are
considered too speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as Mineral Reserves,
and there is therefore no certainty that the conclusions of the production plans
and Preliminary Economic Assessment (PEA) will be realized. Additionally where
Trevali discusses exploration/expansion potential, any potential quantity and
grade is conceptual in nature and there has been insufficient exploration to
define a mineral resource and it is uncertain if further exploration will result
in the target being delineated as a mineral resource.


We advise US investors that while the terms "measured resources", "indicated
resources" and "inferred resources" are recognized and required by Canadian
regulations, the US Securities and Exchange Commission does not recognize these
terms. US investors are cautioned not to assume that any part or all of the
material in these categories will ever be converted into reserves. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities
described herein have not been and will not be registered under the United
States Securities Act of 1933, as amended, or the securities laws of any state
and may not be offered or sold within the United States, absent such
registration or an applicable exemption from such registration requirements.


The TSX has not approved or disapproved of the contents of this news release.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Trevali Mining Corporation
Steve Stakiw
Vice President, Investor Relations and
Corporate Communications
(604) 488-1661 / Direct: (604) 638-5623
sstakiw@trevali.com

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