Trelawney Announces Appointment of Officers and Grant of Stock Options
TORONTO, ONTARIO -- (Marketwire) -- 06/30/11 -- Trelawney Mining and Exploration Inc. (the 'Company' or 'Trelawney') (TSX VENTURE: TRR) (FRANKFURT: RTW) is pleased to announce the appointment of Mr. Johannes Stig (Steve) Norregaard as Chief Operating Officer of the Company effective July 4, 2011. Mr. Norregaard joins Trelawney to oversee the development of the Cote Lake Deposit on the Company's Chester Project.
Steve Norregaard is a qualified Mining Engineer having graduated from the Western Australian School of Mines in 1988. He is a holder of WA First Class Mine Manager's Certificate of Competency and is a member of the Australian Institute of Mining and Metallurgy. During his 14 year career in contracting and managing gold, nickel, copper lead, zinc and silver mining projects throughout Australia, he progressed to head the mining division of one of Australia's leading contracting firms, Macmahon Holdings Limited. Mr. Norregaard then joined Western Australian-based Tectonic Resources NL as General Manager and subsequently Managing Director overseeing a turnaround in the company's fortunes. Under his direction the company profitably exploited the RAV 8 underground nickel mine, built the Burnakura Gold Project which was subsequently divested and oversaw the enhancement of the potential of the company's ground holding in the Ravensthorpe region in Western Australia. Mr. Norregaard oversaw the completion of a definitive feasibility study into the development of the resource.
The Company is also pleased to announce the appointment of Mr. Steve McIntyre, a member of the board of directors, as Chairman of the Company and Mr. David Reid, Manager of IR and Business Relations of the Company since 2009, as Vice-President, Investor Relations.
In addition, the Company has granted an aggregate of 3,600,000 options to purchase common shares of Trelawney exercisable at a price of $4.50 per share for a period of five years to directors, officers, consultants and employees of the Company. 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.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such 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
416-363-8567
ggibson@trelawneymining.com