Treasury Metals Inc. ("Treasury Metals" or the "Company") (TSX:TML) announces
the appointment of additional key personnel to the development team of the
Company's 100% owned Goliath Gold Project, located 20 kilometres east of the
city of Dryden, Ontario. The Company welcomes Mark Wheeler as Senior Mining
Engineer, Ashley Martin as Senior Project Manager, and Mackenzie Potter as
Environmental Technician complementing our growing development team under the
leadership of Norman Bush, Vice President - Goliath Gold Project.


Mr. Wheeler, a Professional Mining Engineer, joins Treasury Metals from Teck
Resources Limited's Quebrada Blanca open-pit mine where he held a number of
roles with increasingly greater responsibility, most recently as projects
engineer. His experience also covered large-scale gold projects including the
Willams underground mine, located in Ontario, Canada, where he was underground
production supervisor. Mr. Wheeler has a mining engineering degree from Queen's
University in Canada. 


Mr. Martin, a Civil and Construction Engineer, has worked primarily as a mining
consultant with Knight Piesold and was involved in large open-pit mining
operations and civil construction in Africa and Australia primarily for gold and
copper projects. His experience includes managing the QA/QC team for projects
such as Equinox's Lumwana copper project in Zambia. Mr. Martin has a civil
engineering degree from Curtin University in Western Australia. 


Finally, Mr. Potter, an Environmental Technician, will be responsible for
coordinating all on-site environmental monitoring and testing. He will oversee
the environmental permitting processes as the company moves forward. Mr. Potter
has a degree in environmental studies from Lakehead University, with further
specialization in geomatics from Sir Sandford Fleming College.


The pre-development team's initial efforts will focus on the finalization of an
updated preliminary economic assessment ("PEA") incorporating the latest
resource estimate that was completed on November 7, 2011 (see previous press
release) and moving the project into the advanced exploration stage. As part of
the updated PEA the following will be incorporated: basic open-pit design
parameters, metallurgical flowsheet, cost estimates for mine operations, process
facilities, major equipment, tailings storage facilities, reclamation,
permitting and capital expenditures. The Company has retained a number of
experienced local consultants to assist with the completion of these
pre-development stage activities. The Company will provide a detailed
development and operational update to the market in due course. 


"We are very pleased to welcome Mark, Ashley and Mackenzie to the Treasury
Metals technical team," said Norman Bush, Vice President - Goliath Gold Project.
"Their contributions will be integral to the success of developing the Goliath
Gold Project." 


For additional information on Treasury Metals and its projects, 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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