17:00 EDT Wednesday, July 29, 2009

TORONTO, ONTARIO--(Marketwire - July 29, 2009) - Trelawney Mining and Exploration Inc. (the "Company") (TSX VENTURE:TRR) is pleased to announce a non-brokered private placement of up to 2,950,000 units at a price of $0.17 per unit and up to 7,500,000 flow-through units at a price of $0.20 per flow-through unit for aggregate gross proceeds of up to $2,001,500 (the "Offering"). Each unit is comprised of one common share and one-half of one warrant, with each whole warrant entitling the holder to purchase one common share at a price of $0.30 for a period of 12 months from the date of issuance. Each flow-through unit is comprised of one flow-through common share and one-half of one warrant, with each whole warrant entitling the holder to acquire one common share at a price of $0.30 for a period of 12 months from the date of issuance.

The shares comprising the flow-through units will be "flow-through shares" under the Income Tax Act (Canada), and the proceeds raised from the sale of the flow-though units will be used for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) related to the exploration programs of the Company. The remaining proceeds of the Offering will be used for exploration work on the Company's mineral properties and general working capital.

The Company may pay finder's fees equal to 6% of the gross proceeds of the Offering payable in cash or common shares, in accordance with the policies of the TSX Venture Exchange. Completion of the Offering is subject to receipt of TSX Venture Exchange approval. The securities offered pursuant to the Offering will be subject to a four month hold period.

Shares Issued: 20,259,357

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.