Trelawney Announces Grant of Stock Options

16:15 EDT Thursday, August 27, 2009

TORONTO, ONTARIO--(Marketwire - Aug. 27, 2009) - Trelawney Mining and Exploration Inc. (TSX VENTURE:TRR) ("Trelawney") wishes to announce that it has granted an aggregate of 910,000 options to purchase common shares of Trelawney exercisable at a price of $0.26 per share for a period of five years, to certain directors, officers and consultants of Trelawney. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.

Shares Issued: 30,694,357

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 annual 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Trelawney Mining and Exploration Inc.
Greg Gibson
President and CEO
416-361-2826