TML Treasury Metals Inc

Treasury Metals Inc. ("Treasury" or the "Company") (TSX:TML) announced today
that it expanded the size of its 100% controlled Goliath Gold Project (the
"Property"), located approximately 20 km east of Dryden, Ontario and alongside
the Trans-Canada Highway.


The Company acquired and/or staked approximately 1,776 hectares of new mining
claims (21 claims comprising 111 units), covering areas contiguous to the
current Property boundary. The size of the Goliath Gold Property now stands at
approximately 4,467 hectares. In addition to covering about 6 km of prospective
strike along trend from the Thunder Lake Gold deposit, the Property also
includes numerous areas that show potential to host additional gold
mineralization.


The Goliath Gold Project includes the "Thunder Lake Gold Deposit" which contains
more than 1.0 million estimated ounces of gold, comprised of 113,000 indicated
ounces and 890,000 inferred ounces, using a cut-off grade of 2.0 g/t Au (see NI
43-101 report - "Report on the Goliath Project, Kenora Mining Division,
Northwestern Ontario, Canada" dated December 19, 2008 - filed on SEDAR).


Drilling of the Thunder Lake Gold Deposit has intersected the Main Zone over a
strike length of 1,700 metres and a thickness of 5 to 30 metres (average width
of 7.6 metres) and historic drilling confirmed that anomalous gold
mineralization extends over a minimum strike length of 3,500 metres, west and
northeast of the deposit.


As previously announced (see Press Release May 28, 2009), the 2009 exploration
program will consist of a combination of surface exploration and diamond
drilling programs. The Company is planning to carry out property-wide surface
exploration, which will include developing drill targets along strike to the
west and northeast of the Thunder Lake Gold Deposit. The surface program will
also use the Company's extensive historical database and more recent data from
its ground and airborne geophysical surveys to target other areas on the
Property. Historical reports describe alteration and anomalous gold
concentrations in several areas on the Property that are off-trend from the
Thunder Lake Gold Deposit. In conjunction with the surface program, the Company
is planning diamond drilling aimed at increasing and upgrading mineral resources
within the area of the current resource and along strike and testing exploration
targets defined from the surface exploration program.


Warrant Repricing

The Company also announced that it will amend the terms of 912,750 outstanding
warrants (the "Warrants") of the Company and the related warrant indenture to
reduce the exercise price of the Warrants from $2.75 per share to $0.60 per
share (the "Warrant Repricing"). The effective date of the Warrant Repricing is
intended to be July 5, 2009.


The Warrants were issued pursuant to a warrant indenture dated as of March 24,
2008, between the Company and Equity Transfer & Trust Company as part of a
brokered private placement financing that closed in March 2008. Of the 912,750
Warrants, 87,500 Warrants are held by insiders of the Company.


In connection with the Warrant Repricing, the Company obtained the consent of
the holders of the Warrants as required under the related warrant indenture. The
Toronto Stock Exchange has conditionally approved the Warrant Repricing, subject
to the Company fulfilling all the conditions of such approval, including
obtaining the approval of the Warrant Repricing by a majority of the Company's
shareholders voting at a shareholders meeting, excluding the holders of Warrants
who are insiders of the Company (the "Disinterested Shareholders"). The Company
obtained the approval of Disinterested Shareholders at its annual and special
meeting of shareholders of the Company held on June 10, 2009.


About Treasury Metals

Treasury Metals Inc. is a mineral exploration and development company with a
growth-orientated strategy to acquire and develop quality gold assets in the
Americas. Treasury's management team is committed to increasing shareholder
value through aggressive exploration and development of its Goliath Gold Project
and by pursuing strategic opportunities, including potential acquisitions that
meet the Company's corporate goals of expansion and growth toward becoming a
future mid-tier gold producer.


The Company's flagship project is the 100% owned Goliath Gold Project, an
advanced-stage, high-grade gold deposit with the potential for a multi-million
ounce gold resource. Treasury also has royalty revenue from Sierra Minerals'
(TSX:SIM) Cerro Colorado Mine in Mexico and other monetizable assets. Treasury
has a strong shareholder base and its management team and board are seasoned
mining industry veterans with proven track records.


Technical information for the Goliath Gold Project has been reviewed and
approved by Scott Jobin-Bevans, Treasury's President and CEO, who is a qualified
person under the definitions established by National Instrument 43-101. For
additional information on Treasury, please visit the Company's website at
www.treasurymetals.com.


Forward-looking Statements

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.

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