Treasury Metals Inc.
TSX : TML

Treasury Metals Inc.

March 16, 2011 12:09 ET

Treasury Metals Intersects Additional High-Grade Gold Mineralization at the Goliath Project, Northwest Ontario

TORONTO, ONTARIO--(Marketwire - March 16, 2011) - Treasury Metals Inc. ("Treasury Metals" or the "Company") (TSX:TML) is pleased to announce additional drill results from its current 20,000 metre diamond drilling campaign at the Goliath Gold Project. The company reports high-grade intersections (in table), with the best result being 7.00 g/t Au over 9.40 metres including 11.84 g/t Au over 5.0 metres in hole TL11-126. These drill holes are located on the eastern boundary of the existing resource.

Significant gold intersections include:
Drill Hole From (m) To (m) **Interval (m) Au (g/t) Comments
TL11-123 297.00 301.00 4.00 2.73 Main Zone
TL11-124b 330.00 335.00 5.00 7.26 Main Zone
TL11-125 376.15 377.15 1.00 26.58 Main Zone
TL11-126 373.00 382.40 9.40 7.00 Main Zone
  including 374.58 379.58 5.00 11.84 Main Zone
**Intervals do not necessarily indicate true widths.
Holes drilled at approx. 320°Az and dip of -60°.

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.

The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. The drill core is sawn in half with one half of the core samples shipped to Accurassay Laboratories in Thunder Bay, Ontario. The other half of the core is retained for future assay verification, and/or metallurgical testing. Other QA/QC procedures include the insertion of blind blanks and standards for every tenth sample in the sample stream. Selected quarter core duplicates were assayed for 5% of the samples. The laboratory re-assays 10% of all samples (pulps and rejects) and additional checks are routinely run on anomalous values including gravimetric analysis and pulp metallics. Gold analysis is conducted by lead collection, fire assay with atomic absorption and / or gravimetric finish on a 30 gram sample. Check assays by a secondary lab are completed as necessary.

For additional information on Treasury Metals and a complete map of drill holes, 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.

To view the maps associated with this release, please visit the following link - http://media3.marketwire.com/docs/tml0316.pdf.

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