Treasury Metals Inc. ("Treasury Metals" or the "Company") (TSX:TML) announced
today that Dr. Scott Jobin-Bevans has stepped down as President and as a
Director of the Board. Martin Walter, the current Chief Executive Officer (CEO)
who joined the Company in December 2010, will assume the expanded role of
President and CEO. Dr. Jobin-Bevans will continue to be involved with the
Goliath Gold Project as a consultant working with the Company's management team
on the development and expansion of the project.


Over the past several months, the Company expanded the management team including
Mr. Walter who brings more than 15 years of operational and international
mineral and mine development experience. Dennis Gibson was appointed as Chief
Financial Officer and Greg Ferron joined as Vice President of Corporate
Development. On the technical side, Andrew Cheatle, formerly of Goldcorp Inc.,
joined the Company in January 2011 as Vice President of Exploration. Since
joining, Mr. Cheatle has assembled a technical team of geologists and has
assumed the management of day-to-day operations at the Goliath Gold Project.


The Board of Directors would like to thank Scott for his valuable contributions
to the Company from the IPO in August 2008 until now.


In addition, the Company has scheduled its Annual General Meeting of
Shareholders on the 9th of June at 2:30 pm to be held at the Toronto Board of
Trade. The purpose of the meeting will be the presentation and approval of the
audited statements, election of directors, appointment of auditors and for a
general corporate update.


To learn more about 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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