Trelawney Announces Grant of Stock Options

TORONTO, ONTARIO, Aug 27 (MARKET WIRE) --
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.

Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.

Contacts:
Trelawney Mining and Exploration Inc.
Greg Gibson
President and CEO
416-361-2826
ggibson@trelawneymining.com
www.trelawneymining.com

Copyright 2009, Market Wire, All rights reserved.

-0-