Trelawney Mining and Exploration Inc. (the "Company" or "Trelawney") (TSX
VENTURE:TRR)(FRANKFURT:RTW) today announces that the Ontario Superior Court of
Justice (Commercial List) has approved the previously announced plan of
arrangement (the "Arrangement") whereby, among other things, a wholly-owned
subsidiary of IAMGOLD Corporation has agreed to acquire all of the issued and
outstanding common shares of Trelawney. The Arrangement was approved by
Trelawney shareholders at a special meeting of shareholders held on June 15,

Under the terms of the Arrangement, each Trelawney shareholder will receive
$3.30 in cash for each Trelawney common share held. 

With all required shareholder and court approvals having been obtained, the
Arrangement is now scheduled to close on or about June 21, 2012. The completion
of the Arrangement is subject to other customary closing conditions.

Trelawney is a Canadian junior mining and exploration company with a focus on
Archean gold deposits. The Company's current focus is directed towards the
continued exploration and development of the Cote Lake Deposit, located in
Chester Township, 20 kilometres southwest of Gogama, Ontario.

This news release may contain forward-looking information (referred to herein as
"forward-looking statements"). Forward-looking statements herein include, but
are not limited to, statements with respect to the expected closing date of the
Arrangement. Forward-looking statements by their nature are based on assumptions
and involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements
expressed or implied by such forward looking statements. The Company has made
certain assumptions about the forward-looking statements, including assumptions
about the ability of the Company to conclude the Arrangement. Even though the
Company's management believes that the assumptions made and the expectations
represented by such statements are reasonable, there can be no assurance that
the forward-looking statements will prove to be accurate. Furthermore, should
one or more of the risks, uncertainties or other factors materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
those described in forward-looking statements. These risks, uncertainties and
other factors include, among others, the ability to satisfy the conditions of
the transaction, those factors discussed in the section entitled "Risk Factors"
in the Company's annual information form for the financial year ended December
31, 2010, as well as those risk factors discussed in the Company's other
continuous disclosure documents filed and available on SEDAR at
There can be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The forward-looking statements contained herein are
made as of the date hereof, or such other date or dates specified in such
statements. The Company undertakes no obligation to update publicly or otherwise
revise any forward-looking statements contained herein whether as a result of
new information or future events or otherwise, except as may be required by law.

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