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 a preliminary short form
prospectus in connection with its previously announced bought deal public
offering of flow-through common shares ("Flow-Through Shares") of the Company.
The Company has entered into an underwriting agreement with a syndicate of
underwriters led by RBC Capital Markets and including Jennings Capital Inc.,
CIBC World Markets Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc. and BMO
Capital Markets (collectively, the "Underwriters"), pursuant to which the
Underwriters agreed to purchase an aggregate of 5,520,000 Flow-Through Shares at
a price of $4.70 per Flow-Through Share (the "Offering Price") for aggregate
gross proceeds of CDN$25.9 million (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 (the "Closing
Date") 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.


Copies of the preliminary 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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