Trevali Closes $46,006,900 Bought-Deal Financing New Brunswick Mining Operations

Trevali Mining Corporation announced it has raised $46,006,900 dollars (the offering) via a bought-deal offering of 55,430,000 common shares including at a price of $0.83 per share.

A bought deal is one form of financial arrangement often associated with an Initial Public Offering. It occurs when an underwriter, such as an investment bank or a syndicate, purchases securities from an issuer before a preliminary prospectus is filed.

Trevali will use the funds from the Offering to bankroll the restart of the company's 3,000 tonne-per-day Caribou mine zinc mine and mill complex located near Bathurst, New Brunswick and for general working capital purposes, as described in the company prospectus.

Trevali is a zinc-focused base metals mining company with operations in Canada and Peru.

The Common Shares were through a short form prospectus dated November 26, 2013 and were underwritten by Dundee Securities Ltd., Raymond James Ltd., M Partners Inc., Haywood Securities Inc. and Mackie Research Capital Corporation.

In addition to the Caribou mine and mill, Trevali also owns the Halfmile mine and Stratmat polymetallic deposit all located in the Bathurst Mining Camp of northern New Brunswick. The initial trial production from the Halfmile underground mine was successfully undertaken in 2012 and the Company anticipates commencing operations at its 3,000-tonne-per-day Caribou Mill Complex in 2014.

Trevali's production plans at Caribou-Halfmile-Stratmat and Santander mine in Peru are based only on Indicated and Inferred Mineral Resources and not Mineral Reserves and at the present moment do not have demonstrated economic viability. Generally speaking, Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. At this stage of exploration there is therefore no certainty that the conclusions of the production plans and Preliminary Economic Assessment (PEA) will be achieved

More exploratory work will be required to confirm zinc resources have a potential for development as a result of quantity and grade found at the New Brunswick sites as a result of drilling programs and assay results . is conceptual in nature and there has been insufficient exploration and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Reported interim production figures are preliminary in nature and subject to regular and ongoing reconciliation studies.

In Peru, the Company has commenced commissioning and concentrate production at its Santander zinc-lead-silver mine and metallurgical plant with subsequent ramp up to 2,000-tonne-per-day production scheduled in December 2013. The Trevali anticipates declaring Commercial Production at the Santander Mine shortly.

For further details on Trevali, readers are referred to the Company's web site (www.trevali.com) and to Canadian regulatory filings on SEDAR at www.sedar.com.

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and the company does not intend, and does not assume any obligation to, update such statements containing the forward-looking information. Such forward-looking statements and information include, but are not limited to statements as to: the accuracy of estimated mineral reserves and resources, anticipated results of future exploration, and forecast future metal prices, anticipated results of future electrical sales and expectations that environmental, permitting, legal, title, taxation, socio-economic, political, marketing or other issues will not materially affect estimates of mineral reserves.

For more information:

Trevali Mining Corporation
Steve Stakiw, Vice President,
Investor Relations and Corporate Communications
(604) 488-1661 or Direct: (604) 638-5623
(604) 408-7499 (FAX)
sstakiw@trevali.com
www.trevali.com