TML Treasury Metals Inc

Treasury Metals Inc. ("Treasury" or the "Company") (TSX:TML) is pleased to
announce that Andrew Cheatle (B.Sc. (Hons), P.Geo.) has joined the Company as
Vice President Exploration. Mr. Cheatle's primary focus will be on furthering
the exploration and development program for the Goliath Gold Project located
approximately 20 kilometres east of the City of Dryden, Ontario. In addition,
the Company is pleased to announce that it has completed 6 drill holes totalling
1,816 metres of its 20,000 metre diamond drilling program initiated in December
2010 at the Goliath Gold Project (see News Release dated 08/12/2010). Drill core
sampled to date has been sent to the lab and assay results are pending. Drilling
is expected to resume by mid January.


Mr. Cheatle is an experienced mining professional with more than 25 years of
operational, mine development and exploration experience in Canada and
internationally. He has held numerous senior management positions with both
junior exploration and senior mining companies including Goldcorp Inc./Placer
Dome Inc. where he was Chief Geologist at the Musselwhite Mine for eight years.
While working at Musselwhite, he led a team that significantly expanded the
mineral reserves and resources while developing the mine's long-term strategic
business plan. Throughout his career he has also spearheaded other growth
orientated projects and been actively involved in the integration of junior
mining companies and exploration projects by senior mining companies. Mr.
Cheatle holds an MBA from Capella University and a B.Sc. (Hons) in Geology from
the Royal School of Mines, University of London. Mr. Cheatle is a Councillor and
member of the Association of Professional Geologist of Ontario and a Fellow of
the Geological Society of London.


"We are pleased to have attracted someone of Mr. Cheatle's calibre to our
exploration team," commented Martin Walter, CEO of Treasury Metals. "He will be
working closely with Scott Jobin-Bevans on the exploration program at Goliath
Gold as we move that project towards pre-feasibility. In addition to his mining
and exploration experience, Mr. Cheatle also has extensive experience developing
positive working relationships with First Nations Communities of Northwestern
Ontario. We are confident he will be instrumental in our on-going discussions
with important stakeholder groups as we move our project towards development."
He continued, "On the drilling front, we continue to make rapid progress under
Scott's leadership and we should begin to see results soon and through the first
quarter of 2011."


About Treasury Metals

Treasury Metals Inc. is a Canadian mining company that is focussed on expanding
the Company's gold resources and developing its 100% owned flagship Goliath Gold
Project located in the Kenora Gold District of Northwestern Ontario. The NI
43-101 compliant gold resource contains non-diluted underground Indicated
Resources of 490,000 tonnes grading 5.7 g/t Au (90,000 ounces) and Inferred
Resources of 5,200,000 tonnes grading 4.4 g/t Au (740,000 ounces) and surface
Indicated Resources of 2,900,000 tonnes grading 1.9 g/t Au (180,000 ounces) and
Inferred Resources of 5,400,000 tonnes grading 1.1 g/t Au (190,000 ounces).
Treasury also receives revenue from a Net Smelter Royalty they hold on Goldgroup
Mining Inc.'s Cerro Colorado Mine located in Mexico.


Technical information in this press release has been reviewed and approved by
Scott Jobin-Bevans, Treasury's President, who is a qualified person under the
definitions established by National Instrument 43-101.


For additional information on Treasury Metals and its projects, please visit the
Company's website at ww.treasurymetals.com.


Forward-looking Statements

This press release contains forward-looking statements such as the expected use
of the net proceeds from the private placement, our future financial condition,
business plans and objectives, results of operations and business. Such
statements are based on operations, estimates, forecasts and projections. They
are not guarantees of future performance or events and involve risks and
uncertainties that are difficult to predict and may be beyond Treasury Metals'
control. A number of important factors could cause actual outcomes and results
to differ materially from those expressed in forward-looking statements,
including those set forth herein and in other public filings. In addition, such
statements relate to the date on which they are made. Consequently, undue
reliance should not be placed on such forward-looking statements. Treasury
Metals disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, save and except as may be required by applicable securities
laws.

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