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Gold/Mining/Energy : Zenda Capital Corp. -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (214)	6/27/2007 11:59:15 AM
From: Rory McLeod	Read Replies (1) \| Respond to of 217

News Out .... Trelawney Resources Inc.: Resource Calculation Commences on Wawa Gold Project Wednesday June 27, 11:21 am ET TORONTO, ONTARIO--(CCNMatthews - June 27, 2007) - Trelawney Resources Inc. (TSX VENTURE:TRR - News) is pleased to report that due to the success of the drilling program on the Dorset Zone the Company has commenced with a National Instrument 43-101 compliant resource calculation by independent consultants. The Dorset Zone strikes in an east-west direction and dips approximately 45 to 55 degrees to the north. It has a minimum strike length of approximately 750 metres, and is open to depth. Since August 2006, Trelawney has completed 92 holes, totalling 15,834 metres and 95% of the holes intersected Dorset Zone mineralization. Assay results from seven recently completed deep holes are pending - all seven 7 holes intersected the Dorset Zone. Wayne O'Connor, President and CEO of Trelawney states that: "We are excited to be in a position to take the Dorset project to this next stage. We anticipate that the initial resource calculation should be completed by the end of September. This initial calculation will serve as a base, which we can expand on, as the recent deep drilling has demonstrated that the Dorset zone is wide open to depth. In the meantime, exploration activities will be ongoing on the Mishi project, and a drilling program will start on the Nairn base metal project located near Sudbury." Trelawney is earning 50% interest in the Dorset property from MetalCORP Limited by spending $2 million on exploration ($1.9 million completed to date); making cash and stock 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 paying $100,000 cash and issuing 500,000 shares. On completion of Trelawney's option, a joint venture will be formed on either a 50-50 or 70-30 basis respectively. Trelawney also completed six drill holes on the Mishibishu Lake property optioned from Murgor Resources. Gold values ranged from 0.01 to 3.53 g/t gold over 0.3 metres. DRILLING PROGRAM FOR NAIRN COPPER/NICKEL PROPERTY In June 2006 Trelawney announced that it signed an option agreement whereby the Company can earn a 100% interest in the Nairn and Hyman Township property located 55 kilometres southwest of the city of Sudbury, Ontario. Trelawney can earn its interest in the property by issuing 275,000 common shares and by making cash payments totaling $105,000 over a five year period. The vendor will retain a 2% Net Smelter Return Royalty (NSR) of which half can be purchased for $1 million. An initial five to ten hole drilling, prospecting and sampling program is scheduled to commence next week. The property consists of 11 mining claim units covering approximately 3,200 acres in two non contiguous blocks. The northern block contains two main showings known as the Keba showing and the Kordol showing. The Keba occurrence is exposed for a distance of 160 metres along strike and 3.5 metres in width disappearing under drift cover at its extremities. Grab samples taken by previous workers on the property returned values of up to 2.34 % Cu, 1.14 % Ni and 1.5 g/t Pt+Pd+Au. A breccia discovered in this area contained rounded gabbro inclusions within a sulphide rich matrix. This has been interpreted as Sudbury Breccia (Wood, 2004 and Winter, 2000). The Kordol occurrence consists of pockets of disseminated and massive pyrrhotite, pyrite and chalcopyrite. A chip sample from this zone returned values of 1.03 % copper, 0.45 % nickel and 0.12 % cobalt over 5.2 metres. Recent sampling on the northern block (grab samples) conducted by the Company QP and Vice President returned values ranging from 0.1% to 3.62% Cu, 0.36% to 0.86% Ni, and up to 1.14 g/t combined Pt, Pd and Au. The southern block contains three sulphide occurrences and the most important is the Pays-Bas occurrence. Trenching carried out around 1956 exposed a zone about 120 metres long. The best sample from this zone returned a value of 1.28% nickel over 3.7 metres. 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 % Ni, 0.35 % Cu, 0.02 % Co and 0.9 g/t precious metals in a similar geological environment. This deposit is located approximately 10 kilometres to the west of the Trelawney option. Wallbridge Mining and Xstrata Nickel are drilling to the east of the Nairn property and Wallbridge and Lonmin PLC are also actively exploring in the area. Robert Duess, P. Geo. is a "Qualified Person" as defined in National Instrument 43-101 and is responsible for the technical information presented in this news release. For more information, including detailed drill hole location plan, and idealized cross sections, please visit the Company website at www.trelawneyresources.com. Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Shares Issued: 72,250,188