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Trevali closes non-brokered private placement

May 11, 2009
Vancouver, British Columbia... Trevali Resources Corp. ("Trevali" or the "Company") (CNSX: TV, Frankfurt: 4TI, Pink Sheets: TREVF) is pleased to announce that on May 11, 2009, it completed a non-brokered private placement consisting of 2,179,250 units at $0.80 per Unit for gross proceeds of $1,743,400.00. Each Unit is comprised of one common share and one-half a share purchase warrant. Each whole warrant is exercisable at a price of $1.30 per common share for a period of two years from the closing date of the financing.

The warrants carry a forced conversion feature such that should the common shares of Trevali trade at or above $2.20 per share for 20 consecutive trading days, that Company may (within 30 days of such occurrence) notify warrant holders in writing that the warrants must be exercised within 30 calendar days of the notice -- subsequent to which any unexercised warrants will expire.

The proceeds of the financing will be utilized to advance refurbishment of the mineral processing plant at the Company's Santander silver-lead-zinc mine development project in Peru.


The Company further announces that, pursuant to its 2007 Incentive Stock Option Plan, it has granted incentive stock options to certain directors, officers and consultants allowing them to purchase up to an aggregate of 220,000 common shares in the capital stock of the Company. The options are exercisable at a price of CAD $1.05 for a period of two years ending May 11, 2011.

About Trevali Resources Corp.

The Company is currently exploring and conducting various scoping level studies on the former Santander polymetallic mine in Peru to ascertain as best as possible the feasibility of re-commencing mining and milling operations in a timely manner upon successful exploration and engineering studies.

The common shares of the Company are currently listed on the CNSX (symbol TV). For further details on the Company readers are referred to the Company's web site ( and to Canadian regulatory filings on SEDAR at

On Behalf of the Board of Directors of

"Mark D. Cruise" (signed)
Mark D Cruise, President

Contact Information:
Steve Stakiw, Manager -- Corporate Communications
Phone: (604) 488-1661 / Fax: (604) 408-7499

The CNSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
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