Trelawney Mining and Exploration Inc TWNNF

Share Holders Right Plan..

[digger144]

Upon reviewing the latest Share Holders Right Plan, which is available on Sedar.com I determined that the Plan was implemented on December 3, 2010 and later adopted on January 14, 2011.

What does this tell us?

It is what they seen, documented or determined by actions of others that it was necessary to implement the Plan prior to and up to December 3, 2010.

Documented is easy....Mega Hole E10-33 released November 16, 2010...520.28 metres @ 1.44 g/t.

Actions by others...that would have to be being approached by an interested party or parties in regards to a possible partnership, partial buy in or take-over.  I am leaning towards a stake of the company being taken by an interested party.

What they seen...At October 18, 2010 we knew that they had drilled 43 holes...only 40 have been released thus far.  From October 18, 2010 to December 3, 2010 it is anyone's guess as to how many more have been drilled...but...one thing we can say for sure is that there was additional cores to look at first hand.  I am hoping it is something they seen moving North..North West from Sections 92+00E...93+00E...94+00E...these are the Sections I believe have the best chance of hitting moving in that direction.

It may be a combination of all of the above...I am most definitely looking forward to additional assay results!

Digger144

P.S.  If it was a take-over I believe we would of heard something by now..it has been seven weeks
         since they implemented the Plan...I think it is assay results!