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Trevali grants US$20-million debt financing rights to Banco Internacional del Peru S.A.A. and Estudio Echecopar for Tingo run-of-river power station and associated upgrades

March 2, 2009
Formation of Trevali Renewable Energy Inc.

Vancouver, British Columbia... Trevali Resources Corp. ("Trevali" or the "Company") (CNSX: TV, Frankfurt: 4TI, Pink Sheets: TREVF) is pleased to announce the formation of Trevali Renewable Energy Inc., a wholly owned subsidiary of Trevali Resources Corp. In tandem with its formation -- Trevali Renewable Energy has entered into an arrangement with the corporate finance divisions of Banco Internacional del Peru ("Interbank") and of Estudio Echecopar ("Echecopar") to jointly arrange, on a best efforts basis, long-term credit facilities to cover 100% of the debt financing requirements of upgrades for the Tingo run-of-river hydroelectric power station ("Tingo") and ancillary support.

"We are very pleased to enter into a relationship with two stalwarts of the Peruvian mining industry, the first of what we hope are a number of future collaborations going forward," stated Mark Cruise, President and CEO. "The fact that Interbank is willing to contemplate 100% debt financing of our power requirements speaks volumes for the incredibly strong project fundamentals and proven team we have in place. Such an agreement will minimize dilution for our loyal shareholders and allows the Company to focus on its core business of expanding and moving its open-ended Santander silver-lead and zinc project to production. Upon completion, the Tingo upgrades are projected to provide sufficient renewable power for mining operations in addition to excess power for sale to third parties."

About Interbank and Echecopar

Established in 1897, Interbank is one of the four largest financial institutions in Peru with in excess of 120 branches in addition to functioning as a stock exchange agent for the Peruvian Bolsa. Interbank has garnered international awards for its corporate vision.

Founded in 1950, Echecopar employs over 190 professionals and specializes in Banking, Mergers and Acquisitions, Foreign Investment, Privatization, Financing, Capital Markets and Project Finance. Echecopar is recognized as one of the most prestigious law firms in Peru. In addition, its corporate finance division specializes in arranging medium to long-term credit facilities to eligible companies or, in connection with eligible projects, the arrangement of other types of transactions.

Debt Financing Mandate

Under terms of the mandate Echecopar and Interbank will act as Trevali Renewable Energy's financial advisors to arrange long-term credit facilities with Interbank's credit committee on the order of approximately USD$ 20 million. Successful arrangement of the credit facilities is subject to due diligence by Interbank, currently in progress, and ultimately acceptance of the final terms by Trevali Resources' Board of Directors. Fees on a fully-success basis are payable with the transaction.

Contingent on successful completion and ratification of the long-term debt facility the funds will be used for planned power upgrades as envisaged under Trevali's current mine plan. There are no guarantees that such efforts will be successful. In detail these are as follows:

??? Purchase of the Tingo run-of-river infrastructure and associated water usage concessions from Compania de Minerales Santander (of which Trevali currently holds approx. 91%).

??? Connection of the Santander Project to the Peruvian National Energy Grid.

??? Upgrading of the Tingo hydroelectric generating facility from its current 1.2MW capacity to 8.8MW capacity.

??? Upgrading of the existing power transmission line from Tingo to the Santander Project.

Project Background

The Santander silver-lead-zinc mine project is located approximately 215 km by road from Lima, in the western extent of Peru's prolific Cerro de Pasco mineral district -- the country's largest silver producing region. The mine operated from 1958-1993 targeting a single Carbonate Replacement Deposit-type pipe and manto structure, the Santander Orebody.

Substantial site infrastructure at the formerly-producing operation includes a fully refurbished 200-man camp and associated support facilities, an ore processing / concentrator plant (including various crushers, mills, flotation cells and filters able to produce zinc, lead-silver and copper concentrates) currently undergoing a refurbishment program, and the Tingo hydroelectric power-station located approximately 17 km down-valley to the west. The Santander project and the considerable existing infrastructure form a highly strategic asset in this mining district. The Company commenced exploration at Santander in November 2007 discovering three new high-grade silver-lead-zinc replacement and massive sulphide bodies to date.

Qualified Person and Quality Control/Quality Assurance

EurGeol Dr. Mark D. Cruise, Trevali's President and CEO and a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release. Dr. Cruise is not independent of the Company, as he is an officer and shareholder.

The work programs at Santander were designed by, and are supervised by, Mark D. Cruise, President & CEO, Trevali, and Les Oldham, General Manager, Consultora Minera Anglo Peruana S.A.(independent geological consultants), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ACME Laboratories, Vancouver, for assay. ACME's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence by Trevali personnel in order to independently assess analytical accuracy. Finally, representative blind duplicate samples are routinely forwarded to ACME and an ISO compliant third party laboratory for additional quality control.

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.

Additionally, through its wholly-owned subsidiary Trevali Renewable Energy Inc., the Company is undertaking a significant upgrade of the Tingo run-of-river hydroelectric generating facility along with transmission line upgrades and extensions to allow the potential sale of surplus power into the Peruvian National Energy Grid.

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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