TML Treasury Metals Inc

Treasury Metals Inc. (TSX:TML) (formerly a subsidiary of Laramide Resources Ltd.
(TSX:LAM)), a growth-orientated Canadian mineral exploration and development
company, is pleased to announce that its company shares will be listed and
posted for trading on the TSX today under the symbol TML.


"Treasury Metals offers investors an experienced company leadership team and
excellent projects, including the Goliath Project, a high-grade gold opportunity
with the potential for additional credits in silver and base metals," said Scott
Jobin-Bevans, Treasury Metals President and CEO. "To date we have completed
11,000 metres of drilling in the current program and results from an additional
21 drill holes will be ready for release shortly. We have engaged a consulting
firm to complete a National Instrument 43-101 compliant Independent Mineral
Resource Estimate on the Thunder Lake Deposit which we anticipate will be ready
for release this fall."


Objectives of the current Phase I (20,000 m) drill program at Goliath, which
began in mid-February 2008, are: to verify results from historic Teck-Corona
drilling, better define the lateral and down-dip extents of the deposit, in-fill
areas of the historic mineral resource estimate and complete an Independent
Mineral Resource Estimate. A Phase II drill program is anticipated to be
underway by late fall.


In addition to diamond drilling, the Company has completed a high-resolution
airborne magnetometer survey and surface geophysical surveys and is continuing
with further surface and borehole geophysics, structural and geochemical studies
and geological mapping and interpretation over the project area.


Treasury Metals previously announced drill results including 6.67 g/t Au over
6.0 m that included 0.55 m grading 38.63 g/t Au. Highlights of previous drill
results also include:


- TL08-01: 9.00 m @ 13.0 g/t Au, 17.4 g/t Ag; incl. 1.0 m @ 82.4 g/t Au, 64.6 g/t Ag

- TL08-03: 7.45 m @ 2.5 g/t Au, 22.9 g/t Ag; incl. 0.45 m @ 16.3 g/t Au, 184.6
g/t Ag


- TL08-04: 9.50 m @ 1.9 g/t Au, 30.4 g/t Ag; incl. 0.5 m @ 7.3 g/t Au, 158.8 g/t Ag

- TL08-06: 0.45 m @ 6.38 g/t Au, 286.0 g/t Ag

Additional information, including details of drill hole locations, is available
on Treasury Metals' web site.


The historical Inferred Mineral Resource Estimate (non-compliant with NI43-101)
of the Thunder Lake Deposit, which represents only a small portion of the
prospective trend in the Goliath Project area, is reported to be 2.974 million
tonnes grading 6.47 g/t Au, calculated using a cut-off of 3.0 g/t Au and a
minimum thickness of 3.0 metres (CAMH, 2007). Treasury Metals has not
independently analyzed the resource results from the previous exploration,
therefore the historical results should not be relied upon. Treasury Metals
believes these historical results provide an indication of the potential of the
Property and are relevant to the ongoing exploration.


About Treasury Metals

Treasury Metals is a mineral exploration and development company with a
growth-orientated strategy focused on the acquisition and development of
precious and base metals assets in Canada. The Company's flagship asset is the
Goliath Project; an advanced stage, high-grade gold deposit near Dryden,
Ontario. The management team and board are seasoned mining industry veterans
with proven track records. Treasury Metals was created as a spin-off company of
Laramide Resources and benefits from a strong existing shareholder base.
Treasury Metals web site is: www.treasurymetals.com where more information can
be found.


Quality Control

The quality assurance/quality control of the assay data was monitored by a
series of sample standards and sample blanks which were routinely inserted into
the sample sequences that were consigned for assaying to Accurassay Laboratories
in Thunder Bay, Ontario. Accurassay is an ISO/IEC guideline 17025 accredited
facility. Treasury's exploration programs and pertinent disclosure of a
scientific nature are prepared and/or designed and carried out under the
supervision of Scott Jobin-Bevans, P.Geo., Treasury's President and CEO, who
serves as the Qualified Person (QP) under the definitions of National Instrument
43-101. Dr. Jobin-Bevans has reviewed and approved the technical content of this
release.


Forward-looking Information

Securities regulators encourage companies to disclose forward-looking
information to help investors understand a company's future prospects. This
press release contains statements about our future financial condition, results
of operations and business. These are "forward-looking" because we have used
what we know and expect today to make a statement about the future.
Forward-looking statements usually include words such as may, expect,
anticipate, believe or other similar words. We believe the expectations
reflected in these forward-looking statements are reasonable. However, actual
events and results could be substantially different because of the risks and
uncertainties associated with our business or events that happen after the date
of this press release. You should not place undue reliance on forward-looking
statements. As a general policy, we do not update forward-looking statements
except as required by securities laws and regulations.

Grafico Azioni Treasury Metals (TSX:TML)
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Grafico Azioni Treasury Metals (TSX:TML)
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