Trelawney Resources Inc. (TSX VENTURE: TRR) reports that 25 holes ( MR-08-8 to MR-08-33) totalling 5,410 metres have been completed so far on the Mishibishu Lake property (Murgor Option) located 60 kilometres northwest of Wawa, Ontario. The drill program has tested several targets identified by soil sampling, prospecting, channel sampling and/or Induced Polarization surveys. These targets are scattered throughout the property area as shown on a map which can be viewed on the Company's website at www.trelawneyresources.com. Trelawney can earn up to a 75% interest in the 4,520 acre Mishibishu Lake property owned by Murgor Resources Inc. by spending $1.5 million on exploration (see press release dated April 19, 2006). To date Trelawney has spent in excess of $800,000 on the Mishibishu property.

Complete assay results have been now been received for the first eight holes (MR-08-8 to MR-08-16). Hole MR-08-16 returned the best assay results of 4.08 g/t Au over 2.3 metres from an intensely silicified and carbonate altered zone. Results are summarized in the following table:

Hole                      From             To          Grade    Core Length
                       (Metres)       (Metres)       (g/t Au)       (metres)
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MR-08-8                                   Anomalous Values
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MR-08-9                   67.4           68.5           1.44            1.1
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MR-08-10                  33.8           34.5           1.41            0.7
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MR-08-11                  21.5           22.0           1.29            0.5
                          25.1           25.4           1.63            0.3
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MR-08-12                                  Anomalous Values
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MR-08-13                                  Anomalous Values
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MR-08-14                   5.2           20.0           0.46           14.8
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MR-08-15                 244.5          245.3           1.77           0.80
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MR-08-16                  63.7           66.0           4.08            2.3
                          77.2           78.1           2.75            0.9
                          99.4          100.4           1.42            1.0
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(1) All results are core lengths not true widths. All hole were drilled at
    -45 degrees.
(2) All split or sawn core samples were submitted to Accurassay Laboratories
    Ltd., Thunder Bay, Ontario, and / or Swastika Laboratories, Swastika,
    Ontario. All gold assaying was performed using a 30g standard fire assay
    with an AA and / or gravimetric finish.

Drill holes MR-08-8, 09, 10, 11and 12 were collared approx 1.5 to 2.5 kilometres east of the Dorset zone and were scattered over a strike length of about a kilometre. Favourable geology including zones of deformation, alteration, and sulphide mineralization was encountered in each of these five holes.

Holes MR-08-13 and MR -08-14 were drilled to test I.P. and geochem anomalies in and marginal to a felsic intrusive plug which is situated approximately 2.5 kilometres east southeast of the Dorset zone, between the Dorset Zone and Martin Zone volcanics. Hole MR-14 intersected a wide section of strongly anomalous gold mineralization; the section from 5.2 metres to 20.0 metres carried 0.46 g/t Au over 14.8 metres, with the lowest value of 0.13 g/t Au and a highest value of 1.19 g/t Au. This zone is hosted within altered metasediments, very close to the contact with the felsic intrusive.

Hole 15 was drilled to test an I.P. anomaly situated on strike to the east of the Martin Zone.

Hole MR-08-16 was drilled to test I.P. and geochem anomalies located approximately 1.5 kilometres west northwest of the Dorset Zone. These anomalies are located at or near a volcanic - sedimentary contact. A 2.3 metre wide section (core length) of strongly silicified and carbonate altered rock mineralized with pyrite and arsenopyrite retuned an averaged assay of 4.08 g/t Au.

Wayne O'Connor, President and CEO of Trelawney, stated that:

"We are extremely pleased with the results received so far. This winter's drilling program was designed to follow up on several previously identified I.P. and/or geochem targets that are scattered throughout the Mishibishu Property, and we have anomalous gold mineralization in every hole. Further results are expected within the next several weeks from the remaining 17 holes, and additional follow up drilling is already being planned."

The Mishibishu Lake property straddles the Dorset property to the northwest, south and to the southeast. Trelawney has completed 92 drill holes totalling 15,834 metres along the Dorset Zone. The Zone strikes in an east-west direction, has a minimum strike length of 750 metres and is open to depth. Trelawney recently commissioned a National Instrument 43-101 compliant resource estimate on the Dorset Zone and the results were reported in a press release dated October 31, 2007. The initial estimate (using a 0.50 g Au/t cut off) consists of an Indicated Resource of 40,000 ounces of gold (780,000 tonnes grading 1.42 g/t Au) and an Inferred Resource of 180,000 ounces of gold (4,760,000 tonnes grading 1.19 g/t Au). The complete report can be accessed on www.sedar.com.

Trelawney also owns a 100% interest in the 13,000 acre, Mishi property which is contiguous to Wesdome's producing Eagle River Gold Mine, is earning up to a 75% in the Mishibishu Lake Property and owns a 50% interest in the Dorset Property. The area is traversed by an all weather road and power line.

Robert Duess, P. Geo. is a "Qualified Person" as defined in National Instrument 43-101 and is responsible for the technical information presented in this news release.

Shares Issued: 88,652,688

Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

This press release contains forward looking statements within the meaning of applicable Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "anticipates", "expected to", "plans", "planned" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward looking statements is subject to a number of risks including those described in the Company's information form as filed with the Canadian securities regulators which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward looking statements.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contacts: Trelawney Resources Inc. Wayne J. O'Connor President and CEO (416) 361-2826 Email: wayne@trelawneyresources.com Website: www.trelawneyresources.com

SOURCE: Trelawney Resources Inc.

mailto:wayne@trelawneyresources.com http://www.trelawneyresources.com