Trelawney Intersects 304.00 Metres of 1.65 g/t Gold in 200-Metre Step-Out Hole From the Cote Lake Deposit

TORONTO, ONTARIO -- Trelawney Mining and Exploration Inc. (the "Company" or "Trelawney") (TSXV:TRR)(FRANKFURT:RTW) announces additional drill results from the Cote Lake Deposit on the Chester Project located halfway between Timmins and Sudbury in northern Ontario. Highlights of the current drilling include:

    * Hole E11-48 – 285.80 metres of 1.18 g/t gold
    * Hole E11-49 – 275.00 metres of 1.26 g/t gold
    * Hole E11-53 – 304.00 metres of 1.65 g/t gold

Expansion drilling of the Cote Lake Deposit continues to intersect wide zones of low to moderate grade gold mineralization. The results of drilling released today are from step-outs to the west of the Inferred Resource for the Cote Lake Deposit which currently stands at 131 million tonnes grading 1.0 g/t gold for a total of 4.2 million ounces gold as reported in Trelawney's March 7, 2011 press release. Hole E11-48, collared on section 88E and the first 100-metre step-out west of the resource, intersected mineralization at a vertical depth of 140 metres. Additional drilling has been conducted to follow the mineralization upward toward surface. Holes E11-49 and E11-53 were drilled an additional 100 metres to the west, on section 87E, and therefore 200 metres west of the reported resource; both holes intersected wide zones of gold mineralization. Hole E11-53 was collared in mineralization and returned a 304.00 metre intersection of 1.65 g/t gold, including 3.57 g/t gold in the first 85 metres of the hole. Overburden depth at this location is approximately 8 metres.

Including drill results released today, mineralization of the Cote Lake Deposit has now been intersected over a strike-length of 900 metres and remains open along strike, and at depth on all sections that have been drilled. The mineralization delineated by drilling to date, coincides well with a NE-SW-trending IP anomaly. Results of the IP survey over the Cote Lake Deposit area suggest additional strike extensions of the mineralization are possible. A copy of the induced polarization survey map over the Cote Lake Deposit along with updated drill sections will be posted on the Company's website within the week.

The Cote Lake Deposit consists of low to moderate grade gold +/- copper mineralization which is associated with brecciated intermediate to felsic, and locally mafic intrusive rocks. Mineralization occurs in the form of disseminated and fracture-controlled sulfides which generally correlate to the gold values. Visible gold is commonly observed. The zones are bleached with the prevalent alteration being feldspathic, chloritic and biotitic. The nature of the alteration and mineralization is indicative of a porphyry-style deposit.

The expansion and exploration drill program continues with five drills currently working. The majority of the winter drilling has been completed on the wetlands and an aggressive program will now be conducted following the mineralization to southwest. Infill drilling of the deposit has also commenced; this will increase the confidence of the resource and facilitate future upgrades in the resource category.

Greg Gibson, Trelawney's President and CEO commented, "We are very pleased with the results of this initial step-out drilling. These drill results confirm our belief that our initial resource estimate can be expanded significantly, along with potential increases in grade as these results are above the average grade reported in our initial resource."