Mr. Greg Gibson reports

TRELAWNEY INTERSECTS 583.00 METRES OF 0.77 G/T GOLD AT COTE LAKE

Trelawney Mining and Exploration Inc. has released the results from 12 additional holes drilled on the Cote Lake deposit on the Chester project located halfway between Timmins and Sudbury in Northern Ontario. The results are from the continuing expansion and infill drilling on the Cote Lake deposit. Drilling continues to intersect wide zones of low- to moderate-grade gold mineralization. Results of four infill and eight expansion holes are being reported today. Expansion drilling continues to intersect wide zones of mineralization to the southwest with infill holes confirming the continuity of the mineralization.

The infill holes have been drilled at various angles along the infill sections to provide better variography in the coming resource estimate update. Several of the infill holes have encountered diabase dikes on the 50-metre infill sections resulting in some breaks in the continuity of the mineralization along the holes. These dikes, estimated to be approximately 20 metres wide, run subparallel to the sections and are not unexpected as they can be seen on the magnetic maps. Minor additional infill drilling may be required in the vicinity of these dikes to convert the inferred resource in this area to the indicated category.

The inferred resource of the Cote Lake deposit currently stands at 131 million tonnes grading 1.0 gram per tonne gold for a total of 4.22 million ounces gold as reported in Trelawney's press release dated March 7, 2011. To date, mineralization of the Cote Lake deposit has been intersected over a strike length of 1,200 metres and outcrops at two known locations 500 metres apart. The zone remains open along strike and at depth on all sections that have been drilled. In section, the zone attains widths of up to 300 metres. The mineralization, delineated by drilling to date, coincides well with a northeast-southwest-trending IP (induced polarization) anomaly. The Cote Lake deposit consists of low- to moderate-grade gold plus/minus copper mineralization which is associated with brecciated intermediate to felsic and locally mafic intrusive rocks. The nature of the alteration and mineralization is indicative of a porphyry-style deposit.

The expansion and exploration drill program currently includes six drills working on the Cote Lake deposit. Two drills continue with the expansion drilling, and four are undertaking infill drilling. The company anticipates additional drill rigs to be mobilized during the coming winter season to increase the infill and definition drilling required to upgrade mineralization into the indicated category.

Greg Gibson, Trelawney's president and chief executive officer, commented: "The infill and expansion drilling has progressed very well during 2011 with six drills. A significant amount of additional data continues to be acquired which will be incorporated into our upcoming resource estimate update planned for early 2012. The mineralized envelope of the Cote Lake deposit has not been fully delineated in any direction leaving the potential for expansion of the deposit."

           
             COTE LAKE DEPOSIT DRILLING RESULTS
                                                    
                                    Gold  Au grade    Gold
            From     To   Length   (g/t)    cut to  (oz/t)
Hole         (m)     (m)     (m)   uncut  25 g/t(i)  uncut

E11-101   149.00  150.00    1.00    4.56              0.13
          316.00  317.40    1.40    2.43              0.07
E11-102    14.00   15.00    1.00    4.94              0.14
           59.00   88.00   29.00    0.36              0.01
          106.00  168.00   62.00    0.55              0.02
          234.00  247.00   13.00    0.49              0.01
          333.00  452.40  119.40    0.89              0.03
          488.00  489.00    1.00    2.67              0.08
          513.00  537.00   24.00    0.44              0.01
          568.00  590.00   22.00    0.71              0.02
          606.00  642.00   36.00    0.53              0.02
          670.00  702.00   32.00    0.63              0.02
E11-103   209.00  370.00  161.00    0.71              0.02
E11-104    13.00  127.00  114.00    0.81              0.02
          165.00  176.00   11.00    0.97              0.03
          221.00  222.00    1.00    1.54              0.04
          367.00  368.00    1.00    6.19              0.18
E11-105    24.25   45.00   20.75    0.50              0.01
           67.00   86.00   19.00    0.44              0.01
          138.00  139.00    1.00    1.74              0.05
          258.00  259.15    1.15   14.53              0.42
E11-106    53.00  636.00  583.00    0.77      0.76    0.02
incl       59.00  138.00   79.00    2.20      2.13    0.06
or         59.00  195.00  136.00    1.60      1.55    0.05
incl      541.00  569.00   28.00    1.55              0.05
E11-107     7.00    8.00    1.00    2.39              0.07
           32.00   60.00   28.00    0.48              0.01
E11-108   126.00  175.00   49.00    1.07              0.03
          221.70  266.00   44.30    0.75              0.02
          329.00  330.00    1.00    3.32              0.10
          347.00  348.00    1.00    2.17              0.06
          366.00  367.00    1.00   10.30              0.30
          395.00  396.00    1.00    5.87              0.17
          423.00  439.00   16.00    1.25              0.04
          448.00  449.00    1.00    2.97              0.09
          482.00  508.00   26.00    0.55              0.02
E11-109    54.00   55.00    1.00    2.88              0.08
           66.00   67.00    1.00    1.04              0.03
          150.00  151.00    1.00    7.01              0.20
          153.00  154.00    1.00    1.71              0.05
          200.00  201.00    1.00    3.96              0.12
          229.00  230.00    1.00    1.05              0.03
          307.40  309.00    1.60    1.61              0.05
          381.00  383.00    2.00    1.13              0.03
          388.00  389.00    1.00    2.95              0.09
E11-110    25.00   26.70    1.70    1.26              0.04
           60.00   87.00   27.00    0.55              0.02
          135.00  145.00   10.00    0.66              0.02
          167.00  206.00   39.00    1.23              0.04
          237.00  240.20    3.20    2.69              0.08
          260.75  271.00   10.25    6.24      5.01    0.18
          311.60  313.00    1.40    1.50              0.04
          372.00  373.00    1.00    3.30              0.10
          395.00  396.00    1.00    1.41              0.04
          423.00  426.00    3.00    1.11              0.03
          456.00  457.00    1.00    1.89              0.06
          462.00  464.00    2.00    1.00              0.03
          481.00  482.00    1.00    1.86              0.05
E11-111    13.00   16.00    3.00    3.57              0.10
           31.00   32.00    1.00    1.84              0.05
           71.00   81.00   10.00    0.49              0.01
           88.00  100.00   12.00    2.42              0.07
          126.00  137.00   11.00    0.74              0.02
          144.00  149.00    5.00    0.76              0.02
          163.00  220.00   57.00    0.49              0.01
          258.00  298.00   40.00    1.59              0.05
          346.00  347.00    1.00   26.35     25.00    0.77
          396.00  403.00    7.00    1.85              0.05
E11-112    44.00  121.00   77.00    1.35      1.17    0.04
          137.00  138.00    1.00    1.24              0.04
          180.00  185.00    5.00    1.15              0.03
          192.00  193.00    1.00    1.79              0.05
          227.00  233.00    6.00    0.72              0.02
          251.00  264.00   13.00    0.76              0.02

(i)Only intervals with assays cut to 25 g/t Au are shown.

Notes:                                                                      
-- True widths of intersections are unknown at this time. 
-- Intervals are graded with a lower cut of 0.30 g/t with 
   internal waste and low-grade material within graded 
   zones of up to 20 metres in length.

Trelawney has implemented a quality control, quality assurance program to ensure best-practice principles are being applied in the sampling and analysis of the drill core. Samples are crushed to minus-eight mesh then a 1,000-gram subset of each sample is pulverized to 90 per cent passing minus 150 mesh. Assays have been completed using a standard fire assay with a 30-gram aliquot and an AA finish. For samples that return values of between two and five grams per tonne gold, another pulp is taken and fire assayed with a gravimetric finish. Samples returning values greater than five grams per tonne are reanalyzed by pulp metallic analysis, NQ-size drill core is saw cut, and half the drill core is sampled in standard intervals. The remaining half of the core is stored in a secure location. The drill core is transported in security-sealed bags to the Accurassay prep lab in Sudbury, Ont., by Trelawney personnel. Accurassay is an ISO/IEC 17025-certified laboratory by the Standards Council of Canada. In addition to quality assurance controls at the laboratory, blanks and certified standards have been inserted into the sample stream at random intervals.

David Beilhartz, vice-president, exploration, of Trelawney, a qualified person under NI 43-101, has prepared or supervised the scientific and/or technical information for the property and verified the data disclosed in this press release.

We seek Safe Harbor.