Grant of Stock Options
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TORONTO, ONTARIO--(Marketwire - Feb. 6, 2012) - Trelawney Mining and Exploration Inc. (the "Company" or "Trelawney") (TSX VENTURE:TRR)(FRANKFURT:RTW) is pleased to announce the appointment of Janet Lowe as Vice-President, Environmental & Sustainability of the Company effective January 3, 2012.
Janet Lowe, B.Sc., graduated from Trent University in 1986 with a Bachelor of Science degree in Biology with a minor in Environmental Resources Sciences. She is an environmental scientist with over 21 years in the consulting industry focusing her expertise in the fields of aquatic and terrestrial ecology, environmental sciences, permitting, stakeholder and First Nations consultation for numerous senior and junior mining companies. She has worked on gold, copper, nickel, uranium, lithium, potash, iron ore, phosphate and zinc mining projects within Canada and globally. Janet has been accepted as an expert in the environmental field and has provided technical expertise in provincial court and for municipal board hearings as well as participating as a guest lecturer at universities and conferences on mining. Janet formerly held the position of Executive VP for PhosCan Chemical Corp. a TSX-listed junior mining company where she focused on environment, First Nations negotiations/consultation, government liaison and land tenure.
In addition, the Company has granted an aggregate of 3,825,000 options to purchase common shares of Trelawney exercisable at a price of $3.35 per share for a period of five years to directors, officers, consultants and employees of the Company. An aggregate of 1,725,000 stock options granted to officers of the Company are subject to vesting over three years, with one-third of the stock options vesting on the first, second and third anniversaries of the date of grant. Certain common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant. The options have been granted in accordance with the terms of the Company's stock option plan and the policies of the TSX Venture Exchange.
Trelawney is a Canadian junior mining and exploration company with a focus on Archean gold deposits. The Company's current focus is directed towards the continued exploration and development of the Cote Lake Deposit, located in Chester Township 20 kilometres southwest of Gogama, Ontario.
FOR FURTHER INFORMATION PLEASE CONTACT: Greg Gibson
Trelawney Mining and Exploration Inc.
President and CEO
416-363-8567
ggibson@trelawneymining.com
