VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2009) - Trevali Resources Corp. ("Trevali" or the "Company") (CNSX:TV)(PINK SHEETS:TREVF)(FRANKFURT:4TI) 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.