TML Treasury Metals Inc

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UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS


Treasury Metals Inc. ("Treasury Metals" or the "Company") (TSX:TML) is pleased
to announce that it has entered into an agreement with Cormark Securities Inc.
("Cormark"), under which Cormark has agreed to act, on a best efforts basis, as
agent in the offer and sale of 3,125,000 flow through shares ("Flow-Through
Shares") of Treasury Metals (the "Offering"). The Flow-Through Shares shall be
offered at a price of $1.60 per share for aggregate gross proceeds of
approximately $5.0 million. 


The closing of the Offering is expected to occur on or about March 23, 2011 and
is subject to the completion of formal documentation and receipt of regulatory
approval, including the approval of the TSX.


The proceeds of the financing will be used to incur eligible Canadian
Exploration Expenses and flow-through mining expenditures, as defined under the
Income Tax Act (Canada), that will be renounced in favour of the purchasers with
an effective date of no later than December 31, 2011. The funds are intended to
be used to explore and advance Treasury Metals' gold projects located in the
Kenora Mining District of northwestern Ontario.


About Treasury Metals Inc. 

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.


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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