Trelawney Resources Inc.

COMPANY DATA | INTRODUCTION | PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

Address:	Suite 2700, 130 Adelaide Street West Toronto, Ontario Canada M5H 3P5
Tel No.:	(416) 364-6420
Fax No.:	(416) 364-5400
Web Site:	www.trelawneyresources.com
Corporate Email:	wayne@trelawneyresources.com
Contact Person:	Wayne O'Connor
Position:	President

COMPANY DATA

Traded Market:	TSX-V
Traded Symbol:	TRR
Outstanding Shares (Fully Diluted):	110,353,659
Public Float:	88,652,688
52 Week High:	$ 0.18
52 Week Low:	$ 0.06
Present Price:	Click Here

INTRODUCTION

Trelawney Resources Inc. is focused in two gold camps in North America, the prolific mining camp in Chihuahua, Mexico near Goldcorp's producing El Sauzal gold mine and the Wawa gold camp in Northern Ontario, Canada adjacent to Wesdome's producing Eagle River gold mine.

PROJECT IN HAND

(1) Mishi Gold Project, Wawa, Ontario

Trelawney is the largest land holder in the entire Wawa/Hemlo mining camp with approximately 21,000 acres now under its control. The Company's neighbour, gold producer Wesdome Gold Mines Ltd holds approximately 16,000 acres. Trelawney has assembled the largest land package in this area since the Hemlo staking rush in the 1980s. The consolidated property contains over 48 known gold occurrences including the Dorset Gold Deposit where Trelawney recently announced an indicated and inferred gold resource.

The ongoing 5,000 metre drilling program is testing several targets identified by soil sampling, prospecting, channel sampling and/or induced polarization surveys.

Highlights include:

Recent consolidation of Wawa gold properties.
Approximately 21,000 acre property located 50 km northwest of Wawa, Ontario.
Year round access by all weather road.
Power and operating mine and mill next door.
Contiguous to the south to Wesdome's producing Eagle River Gold Mine (2 Mt @ 9.1 g/t Au).
Contiguous to the north to Wesdome's past producing Mishi open pit deposit (1.25 Mt @ 4.8 g/t Au) and the past producing Magnacon Deposit (1.54 Mt @ 6.9 g/t Au).
Geology is similar to the Holt-McDermott Mine in the Harker-Halloway area east of Timmins, Ontario.
Dorset Zone is a primary, hydrothermal, stratiform gold system with a minimum of 1 km strike length open in all directions. (3.74 g/t Au over 22 m and 6.6 g/t Au over 3.05 m).
The Marten Zone mineralization occurs in EW to NW trending brittle-ductile shear zones and sugary quartz veins with disseminated pyrite and arsenopyrite and is located 400 metres to the south of the Dorset Zone. (7.45 m @ 5.05 g/t Au and 3.05 m @ 6.2 g/t Au).
Several new targets drill ready (10 m wide quartz-pyrite-arsenopyrite vein hosted by a 12 m wide mineralized shear zone).

Mishi Property

Trelawney owns a 100% interest in the 13,000 acre (328 claims) Mishi Property which is contiguous to Wesdome's producing Eagle River Gold Mine, the Mishibishu Lake Property and the Dorset Property.

Mishibishu Lake Property

Trelawney can earn up to 75% interest in the 4,500 acre (114 claims) Mishibishu Lake Property from Murgor Resources Inc. by incurring $1.5 million in exploration over 5 years and completing a feasibility study in the following 3 years. Cash payments totalling $200,000 and issuing 750,000 shares over 5 years.

Dorset Property

Trelawney is exercising its right to earn a 50% interest in the 1,500 acre (18 claims) Dorset Property from MetalCorp Limited by incurring $2 million in exploration over 5 years. Cash payments totalling $220,000 and issuing 900,000 shares over five years.
Trelawney can earn a further 20% interest by completing a feasibility study and making additional cash payment of $100,000 and issuing 500,000 shares in the next 3 years.
Trelawney recently announced a National Instrument 43-101 compliant resource estimate on the Dorset Property. The initial estimate consists of an Indicated Resource of 40,000 ounces of gold (780,000 tonnes grading 1.42 g/t Au) and an Inferred Resource of 180,000 ounces of gold (4,760,000 tonnes grading 1.19 g/t Au).

(2) La Bufa Copper, Gold and Silver Project, Chihuahua, Mexico

Trelawney has signed a Letter Agreement with West Timmins Mining Inc. ("WTM") whereby Trelawney will have the right to earn a 50% interest in WTM's La Bufa copper-gold-silver project located in the Three States Mineral District of south-western Chihuahua State, Mexico.

The La Bufa Project consists of a 250 sq.km land package adjoining the historic Batopilas mining camp. It hosts the former producing Carmen copper-gold-silver deposit which extracted approximately 1 million tonnes of copper and gold ore at average grades of 2.50% copper, 2.90 g/t gold and 2.80 g/t silver, and several other copper-gold-silver vein systems.

Target: Copper-gold-silver vine/breccia deposits; porphyry copper deposits
Highlights: It hosts the historic Carmen high-grade copper-gold deposit; WTM announced the discovery of a high-grade copper-silver vein system on the property which returned 7.20% copper and 1,470 g/t silver.

Activity: Mapping and sampling of new discoveries and historic Carmen Mine commencing in 2008.

Pending Results: Stream sediment samples and surface sampling results pending.

(3) Massey Project, Ontario

Trelawney has acquired the mining rights, by staking and option, to about 2,000 acres in Salter Township, Ontario, about 100 km west of Sudbury. The property covers three former producing copper mines, the Massey mine, the Hermina number 1 mine and the Hermina number 3 mine.

The properties were acquired because Trelawney geologist recognized that this deposit has many characteristics in common with an important class of giant ore deposits referred to as iron oxide - copper - gold (IOCG) deposits. One of the most well known of these deposits is the huge Olympic Dam deposit in Australia. This deposit contains 2.3 billion tonnes grading 1.3% copper, 0.5 g/t gold and 0.4 kg/t U3O8.

Trelawney is well positioned on an exciting new play in an old producing area and new technologies will enable the Company to explore parts of the area untouched by previous workers.

(4) Nairn Project, Ontario

Trelawney has acquired the Nairn Property which is located in Hyman and Nairn Townships, Ontario, approximately 55 km southwest of the city of Sudbury.

The property consists of 11 mining claims covering approximately 3,200 acres in two non contiguous blocks. All of the showings on the Nairn property are hosted by a Nipissing Gabbro. Ursa Major Minerals Inc. has recently completed a positive feasibility study on an open pittable deposit with a probable mineral reserve of 11.266 million tones grading 0.33% nickel, 0.35% copper, 0.02% cobalt and 0.9 g/t precious metals in a similar geological environment. This deposit is located approximately 10 km to the west of the Trelawney option.

MANAGEMENT

Trelawney Resources Inc. has a well management team with experience in different areas.

Key People:

Wayne J. O'Connor, President and CEO

- President and CEO of Band-Ore Resources Ltd. since 1991.
- Chairman of West Timmins Mining Inc.
- Has raised over $25 million in exploration dollars.

Robert Duess, Vice President of Exploration

- Vice President of Band-Ore Resources Ltd. since 1991.
- Technical Advisor to West Timmins Mining Inc.

Andres Tinajero, Chief Financial Officer

- Past Controller Eastern Canada Aggregates for Lafarge Canada, a $19 billion dollar company focused in aggregates, cement, asphalt and ready-mix operations.

James N. Fairbairn, Treasurer

- Chartered Accountant for 20 years.
- Director and CFO of several public mining exploration companies.

George Cole, Director

- Vice President of Exploration for TeckCominco American Inc. 1993 to 2001. From 2002 to September 2004, Mr. Cole was the COO of Great Western Minerals.

Michael Dehn, Director

- Senior Geologist with Goldcorp.
- Consulting geologist to several junior exploration companies.

NEWS UPDATE

On April 23, 2008, Trelawney Resources Inc. announced that it has completed 25 holes (MR-08-8 to MR-08-33) totalling 5,410 metres as far on the Mishibishu Lake property located in Wawa, Ontario. The drill program has tested several targets identified by soil sampling, prospecting, channel sampling and/or induced polarization surveys.

Complete assay results have now been received for the first eight holes (MR-08-8 to MR-08-16). Hole MR-08-16 returned the best assay results of 4.08 g/t gold over 2.3 metres.

On March 31, 2008, Trelawney Resources Inc. reported that 15 diamond drill holes totalling 3,259 metres have been completed so far on the Mishibishu Lake property located in Wawa, Ontario. The ongoing 5,000 metre drilling program is testing several targets identified by soil sampling, prospecting, channel sampling and/or induced polarization surveys.

Also, West Timmins Mining Inc. has advised the Company that mapping, sampling programs and data compilation commenced on the La Bufa Property located in Chihuahua, Mexico. The purpose of the program is to follow up on new discoveries on the property and to prioritize drill targets in the old mining areas as soon as possible.