TML Treasury Metals Inc

Treasury Metals Inc. ("Treasury Metals" or the "Company") (TSX:TML) is pleased
to announce that it has begun initial metallurgical test work at its Goliath
Gold Project near Dryden, Ontario. Composite samples consisting of whole main
zone intersections of half core taken from 7 diamond drill holes were recently
submitted to G&T Laboratories Services Ltd. in Kamloops, B.C. The sample
represents a degree of geographic diversity over the deposit and weighed 58.6 kg
with an estimated grade of 4.5 g/t Au. Results from the program are expected by
June 2011 and the Company will develop a preliminary flowsheet from these test
results that will be used to support a feasibility study.


Treasury Metals has retained the services of Mr. John Wells to act as
Metallurgical Consultant to lead this project. Mr. Wells will work on
establishing metallurgical extraction processes and tabulating metallurgy data
from the Company's current drill program, an important step in moving the
project towards production. Mr. Wells is a Consulting Metallurgical Engineer
with 40 years of experience in minerals processing, particularly in the recovery
of gold and silver. He has held senior positions in head office consulting,
project development and operations with Goldfields Limited, AngloGold Ashanti
and Barrick Gold Corporation, and he has completed more than 20 metallurgical
programs including Aquiline Resources Inc.


Historical Metallurgical Work 

As part of the underground sampling program in 1998, metallurgical work was
performed by various companies including Teck Exploration Ltd (now Teck
Resources Ltd.) and Corona Gold Corp. Four bulk samples from the Main Zone at
Goliath Gold Project totalling 2,375 tonnes and grading greater than 3.0 g/t Au
were collected from the underground advanced exploration workings. The original
bulk sample of 2,375 tonnes had an estimated overall grade of 9.07 g/t Au and
contained 692 ounces gold. Metallurgical results obtained on a composite sample
of 24 kg from the No. 1 Shoot of the Main Zone indicated that cyanidation
achieved the best recoveries for gold at 98.7%.Gravity and flotation resulted in
recoveries of 97.3% Au and gravity alone recovered 69.1% Au. Final gold recovery
was calculated at 96.85% and silver recoveries were approximately 38%.


Technical information in this press release has been reviewed and approved by
Andrew Cheatle, P.Geo, Vice President, Exploration of Treasury Metals, who is a
qualified person under the definitions established by National Instrument
43-101.


For additional information on Treasury Metals, please visit the Company's
website at www.treasurymetals.com.


Forward-looking Statements

This release includes certain statements that may be deemed to be
"forward-looking statements".  All statements in this release, other than
statements of historical facts, that address events or developments that
management of the Company expect, are forward-looking statements. Actual results
or developments may differ materially from those in 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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