HispanicBusiness

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/13 -- Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV)(TSX: TV.WT)(OTCQX: TREVF)(LMA: TV)(FRANKFURT: 4TI) announces that $30-million of funding associated with its previously announced (see September 26, 2012 news release TV-NR-12-27) $60-million senior debt and prepaid precious metals facility ("Facility") has received In-Principle approval by RMB Resources ("RMB"), the resource financing division of the FirstRand Group of South Africa. The debt facility will be used to repay current debt, fund development towards stand-alone mine and mill operations in the Bathurst Camp of New Brunswick, and for general corporate working capital purposes. The funding is now subject to completion of final documentation, which is in progress, and final approval by RMB's Investment Committee.

This mezzanine tranche of the RMB facility is repayable on the earlier of June 30, 2014, or closing of the final $60-million senior debt facility. The facility bears interest of LIBOR + 8.5% per annum and has an arrangement fee of 5% and 3,000,000 warrants to purchase Trevali common shares on the TSX, issued on the closing date of the facility and exercisable at any time through June 30, 2015 at an exercise price of $1.25 per share, subject to TSX approval.

It is expected that the remaining portion of the $60-million senior debt and prepaid precious metals facility will be approved once ongoing technical studies relating to the commencement of production at the Caribou Project in New Brunswick are completed in April 2013.

"We are very pleased with the approval of the initial $30-million funding by RMB as we continue to focus on advancing our mill and mine development operations in New Brunswick towards production, and securing the final $60 million in senior debt and prepaid silver facilities as previously announced," stated Dr. Mark Cruise, Trevali's President and CEO. "In addition to the imminent commissioning of our Santander Mine in Peru, Trevali aims to maximize its zinc production profile with planned output from Bathurst Mining Camp operations, and looks to benefit from the robust outlook for the commodity in light of the many forecast closures of major zinc producers globally."

ABOUT RMB RESOURCES

RMB Resources is the resource financing division of the FirstRand Group, which is listed on the Johannesburg Stock Exchange (FSR: SJ) and is one of South Africa's largest financial institutions. RMB specializes in providing equity- and debt-financing solutions for small to mid-tier resource companies globally. RMB Resources provides debt funding through conventional project financing, commodity pre-paid forward financing as well as senior, subordinated, standby and bridge financing. Staffed with experienced mining executives, RMB Resources operates from its offices in Sydney, Melbourne, London, Denver and New York.

ABOUT TREVALI MINING CORPORATION

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

In Peru, the Company is nearing production at its Santander zinc-lead-silver mine where commissioning is scheduled to commence in Q1-2013 with subsequent ramp up to planned 2,000-tonnes-per-day production.