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) is pleased to announce that it has increased the
size of its previously announced public offering, on a "bought deal" basis, to
5,520,000 flow-through common shares ("Flow-Through Shares") of the Company at a
price of $4.70 per Flow-Through Share for gross proceeds of $25.9 million (the
"Offering"). The transaction was increased from the original amount of $25
million.


The offering is being made through a syndicate of underwriters (the
"Underwriters") led by RBC Capital Markets. 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.


The Offering is scheduled to close on or about November 28, 2011 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.


Under the terms of the agreement, the Company is required to file a preliminary
short-form prospectus and obtain a receipt from the securities regulatory
authorities in all provinces of Canada, except Quebec, by November 14, 2011, or
such later date as may be agreed by the Company and the Underwriters. The
securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "1933 Act"), and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registrations requirements of the 1933 Act. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy nor shall there
by any sale of 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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