Highlights

Summary
Treasury Metals Inc. is a mineral exploration and development company with a growth-orientated strategy to acquire and develop advanced gold assets in the Americas. The management team and board are accomplished mining industry veterans. Treasury Metals has a strong and sizable shareholder base and cash flow from a gold royalty. The Company has two main objectives:

Near-term mid-tier gold producer (>100,000 oz/year production)
Initial target: the Company’s 100% owned Goliath Gold Project: continue to explore, develop and build gold ounces outside the resource to the west and northeast and inside the resource through in-fill and deep drilling.

Aggressive M&A targeting of advanced gold projects in the Americas
Initial target: Northwestern Ontario, an area of numerous early stage gold prospects and deposits that present an opportunity for consolidation.

Project Summary
Goliath Gold Project (Kenora Gold District, Ontario)
NI 43-101 Resource -Thunder Lake Deposit:
• Indicated (Main Zone): 820,000 mt @ 4.8 g/t Au (130,000 oz Au; 2.0 g/t Au cut-off)
• Inferred (all zones): 7,000,000 mt @ 4.1 g/t Au (920,000 oz Au; 2.0 g/t Au cut-off)

Lara Polymetallic Project (British Columbia)
NI 43-101 Resource - Lara Deposit:
• Indicated: 189,600 mt @ 9.74% Zn, 61 g/t Ag (41 M lbs Zn; 3% Zn block cut-off)
• Inferred: 91,100 mt @ 6.15% Zn, 41 g/t Ag (12 M lbs Zn; 3% Zn block cut-off)

Company Objectives - 2009/2010
Corporate
Treasury Metals is continually reviewing and evaluating advanced gold projects in the Americas with the goal of becoming a mid-tier gold producer.

Goliath Gold Project
Diamond Drilling Programs
• Expand current resources through in-fill and deep drilling
• Add gold ounces along strike to the West and Northeast
• Multiple exploration targets on >53 km2 property
Technical Programs
• Data compilation, geological modelling, interpretation and targeting
• Deep-section geophysical surveys
• Preliminary Economic Assessment (scoping study)
• Community consultation and baseline environmental studies

Lara Polymetallic Project
Diamond Drilling Programs
• Develop targets for confirmatory and exploration drilling
• Upgrade and expand current resources

Technical Programs
• Securing future processing and production opportunities
• Evaluating joint venture opportunities to further develop Property
• Community consultation and baseline environmental studies


Additional Assets
Sierra Minerals Royalty (TSX:SIM)
2.5% NSR on ~20K oz/year gold producer
~$500,000 annual revenue (sliding royalty to 3% once 100,000 oz Au produced)

Share Positions
Approximately 6.5 million shares in Sierra Minerals (TSX:SIM).
Approximately 2.3 million shares in Tiomin Resources (TSX:TIO).