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ZINC-LEAD-SILVER PRODUCER WITH OPERATIONS IN PERU AND NEW BRUNSWICK, CANADA

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Message: Trevali reports Q3-2014 Santander Mine production and increases 2014 production

Vancouver, British Columbia...Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV; BVL: TV; OTCQX: TREVF; Frankfurt: 4TI) reports preliminary production results for its third quarter 2014, ended September 30, 2014, of approximately 12.6 million payable pounds of zinc, 6.3 million payable pounds of lead and 217,600 payable ounces of silver from the Santander Mine in Peru.

Average recoveries for the quarter were 88% for zinc, 83% for lead and 74% for silver. Q3-2014 throughput at the 2,000-tonne-per-day-rated Santander processing complex was 174,075 tonnes, delivering a mill utilization factor of approximately 97%. Average head grades of 4.40% Zn, 2.11% Pb and 1.66 oz/ton Ag were realized to produce approximately 13,466 tonnes of zinc concentrate averaging 50% Zn and 5,370 tonnes of lead-silver concentrate averaging 56% Pb and 39.0 oz/ton Ag.

Table 1: Santander Mine production statistics

Q3-2014Q2-2014Q1-20142014 YTD
Tonnes mined 164,911 152,733 156,030 473,674
Tonnes milled 174,075 175,384 173,820 523,279
Average head grades:
Zinc
Lead
Silver

4.40%
2.11%
1.66 oz/ton

4.20%
1.42%
1.44 oz/ton

4.76%
1.90%
1.97 oz/ton

4.45%
1.81%
1.69 oz/ton
Average recoveries:
Zinc
Lead
Silver

88%
83%
74%

88%
84%
70%

87%
86%
74%

88%
84%
73%
Concentrate produced:
Zinc (dry metric tonnes)
Grade (Zn %)

Lead-Silver (dry metric tonnes)
Grade (Pb %)
Grade (Ag oz/ton)

13,466
50%

5,370
56%
39.0 oz/ton

13,048
49%

3,680
57%
48.8 oz/ton

15,640
50%

4,510
58%
55.3 oz/ton

42,154
50%

13,560
57%
47.7 oz/ton
Payable metal production:
Zinc (pounds)
Lead (pounds)
Silver (troy ounces)

12,589,624
6,307,263
217,648

12,044,583
4,420,428
186,824

14,597,890
5,466,351
268,600

39,232,097
16,194,042
673,071



Q3-2014 metal production at Santander increased versus Q2 due primarily to completion of modifications of underground workings within the Magistral North Deposit, which now incorporates portions of the recently discovered Rosa Zone (higher-grade lead and silver mineralization) into production scheduling.

2014 Production Guidance Increased
Given the performance of the mine year-to-date, Trevali has increased its 2014 full-year Santander production guidance estimate to approximately 47-50 million pounds of payable zinc, 20-23 million pounds of payable lead and 820,000 to 850,000 ounces of payable silver. (Please see Cautionary Note on Forward Looking Statements at the end of this document).

Q3-2014 Financial Results and Conference Call
Trevali will release financial results for its third quarter period ending September 30, 2014 on November 14, 2014 after the close of the trading day in Toronto.

The Company will host a conference call and audio webcast at 10:30 a.m. Eastern Time on Monday, November 17, 2014 to review the financial results. Participants are advised to dial in 5-to-10 minutes prior to the scheduled start time of the call.

Conference call dial-in details:
Toll-free (North America): 1-800-769-8320
Toronto and international: 1-416-340-8530
Audio Webcast: http://www.gowebcasting.com/5939

Qualified Person and Quality Control/Quality Assurance
EurGeol Dr. Mark D. Cruise, Trevali's President and CEO, Paul Keller, P.Eng, Trevali's Chief Operating Officer are qualified persons as defined by NI 43-101, have supervised the preparation of the scientific and technical information that forms the basis for this news release. Dr. Cruise is not independent of the Company as he is an officer, director and shareholder. Mr. Keller is not independent of the Company as he is an officer and shareholder.

ABOUT TREVALI MINING CORPORATION
Trevali is a zinc-focused, base metals mining company with one producing operation currently in Peru and an advanced-stage mine under development in Canada.

In Peru, the Company is actively producing zinc and lead-silver concentrates from its Santander mine and 2,000-tonne-per-day metallurgical plant.

In Canada, Trevali owns the Caribou mine and mill, Halfmile mine and Stratmat deposit all located in the Bathurst Mining Camp of northern New Brunswick. The Company is currently advancing its 3,000-tonne-per-day Caribou Mill Complex and mine towards scheduled 2015 production.

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). 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" (signed)
Mark D. Cruise, President

Contact Information:
Steve Stakiw
Vice President, Investor Relations and Corporate Communications
Email: sstakiw@trevali.com
Phone: (604) 488-1661 / Direct: (604) 638-5623

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