RMB Rumbu Holdings Ltd

Trevali Mining Corporation ("Trevali" or the "Company")
(TSX:TV)(TSX:TV.WT)(OTCQX:TREVF)(LMA:TV)(FRANKFURT:4TI) announces that
$30-million of funding associated with its previously announced (see September
26, 2012 news release TV-NR-12-27) $60-million senior debt and prepaid precious
metals facility ("Facility") has received In-Principle approval by RMB Resources
("RMB"), the resource financing division of the FirstRand Group of South Africa.
The debt facility will be used to repay current debt, fund development towards
stand-alone mine and mill operations in the Bathurst Camp of New Brunswick, and
for general corporate working capital purposes. The funding is now subject to
completion of final documentation, which is in progress, and final approval by
RMB's Investment Committee.


This mezzanine tranche of the RMB facility is repayable on the earlier of June
30, 2014, or closing of the final $60-million senior debt facility. The facility
bears interest of LIBOR + 8.5% per annum and has an arrangement fee of 5% and
3,000,000 warrants to purchase Trevali common shares on the TSX, issued on the
closing date of the facility and exercisable at any time through June 30, 2015
at an exercise price of $1.25 per share, subject to TSX approval.


It is expected that the remaining portion of the $60-million senior debt and
prepaid precious metals facility will be approved once ongoing technical studies
relating to the commencement of production at the Caribou Project in New
Brunswick are completed in April 2013.


"We are very pleased with the approval of the initial $30-million funding by RMB
as we continue to focus on advancing our mill and mine development operations in
New Brunswick towards production, and securing the final $60 million in senior
debt and prepaid silver facilities as previously announced," stated Dr. Mark
Cruise, Trevali's President and CEO. "In addition to the imminent commissioning
of our Santander Mine in Peru, Trevali aims to maximize its zinc production
profile with planned output from Bathurst Mining Camp operations, and looks to
benefit from the robust outlook for the commodity in light of the many forecast
closures of major zinc producers globally."


ABOUT RMB RESOURCES

RMB Resources is the resource financing division of the FirstRand Group, which
is listed on the Johannesburg Stock Exchange (FSR:SJ) and is one of South
Africa's largest financial institutions. RMB specializes in providing equity-
and debt-financing solutions for small to mid-tier resource companies globally.
RMB Resources provides debt funding through conventional project financing,
commodity pre-paid forward financing as well as senior, subordinated, standby
and bridge financing. Staffed with experienced mining executives, RMB Resources
operates from its offices in Sydney, Melbourne, London, Denver and New York.


ABOUT TREVALI MINING CORPORATION

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


In Peru, the Company is nearing production at its Santander zinc-lead-silver
mine where commissioning is scheduled to commence in Q1-2013 with subsequent
ramp up to planned 2,000-tonnes-per-day production.


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 late-2013.


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). Warrants to purchase
common shares of Trevali are listed on the TSX (symbol TV.WT). 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Trevali Mining Corporation
Steve Stakiw
VP, Investor Relations and Corporate Communications
(604) 488-1661 / Direct: (604) 638-5623
(604) 408-7499 (FAX)
sstakiw@trevali.com
www.trevali.com

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