Press Releases

 January 18, 2011
Treasury Metals Appoints Greg Ferron as Vice President of Corporate Development

 TORONTO, ONTARIO--(Jan. 18, 2011) - Treasury Metals Inc. ("Treasury Metals" or the "Company") (TSX:TML) is pleased to announce that Greg Ferron has joined the Company as Vice President of Corporate Development. Mr. Ferron will focus on leveraging his years of business development and corporate finance experience at TSX in his role at Treasury Metals.

Mr. Ferron has held various positions with increasingly greater responsibilities at the Toronto Stock Exchange ("TSX") and the TSX Venture Exchange for the past nine years, including being a member of the Listings Committee. While at the TSX, he advised mining companies on corporate finance and corporate governance matters. His last position was heading the global business development for the mining sector. Prior to that, Mr. Ferron was a Senior Account Manager and Financial Analyst at Scotiabank.

During his career, he spearheaded the growth strategy for international mining companies listing in Canada and forged numerous long term relationships with both issuers and Canadian capital market professionals. Mr. Ferron brings a vast network of contacts and relationships to his role at Treasury Metals. Mr. Ferron holds a Bachelor of Commerce from the University of Guelph and a Management Certificate in International Finance from the University of Toronto.

"With the addition of Mr. Ferron we have rounded out our core management team," commented Martin Walter, CEO of Treasury Metals. "Mr. Ferron and I will be focusing on improving our visibility within both the Canadian capital markets and the international mining community with a goal of seeking out new opportunities for Treasury Metals that moves us towards our objective of becoming a mid-tier gold producer."

Mr. Greg Ferron will attend this year's Vancouver Resource Investment Conference on behalf of Treasury Metals. He will be available to update current and prospective shareholders on the Company's latest achievements. Treasury Metals will be exhibiting at booth 1526 at the Vancouver Convention Centre - West Exhibit Halls B & C on January 23-24, 2011.

About Treasury Metals

Treasury Metals Inc. is a Canadian mining company that is focused on expanding the Company's gold resources and developing its 100% owned flagship Goliath Gold Project located in the Kenora Gold District of Northwestern Ontario. The NI 43-101 compliant gold resource contains non-diluted underground Indicated Resources of 490,000 tonnes grading 5.7 g/t Au (90,000 ounces) and Inferred Resources of 5,200,000 tonnes grading 4.4 g/t Au (740,000 ounces) and surface Indicated Resources of 2,900,000 tonnes grading 1.9 g/t Au (180,000 ounces) and Inferred Resources of 5,400,000 tonnes grading 1.1 g/t Au (190,000 ounces). Treasury also receives revenue from a Net Smelter Royalty they hold on Goldgroup Mining Inc.'s Cerro Colorado Mine located in Mexico.

Technical information in this press release has been reviewed and approved by Scott Jobin-Bevans, Treasury's President, who is a qualified person under the definitions established by National Instrument 43-101.

For additional information on Treasury Metals and its projects, please visit the Company's website at

Forward-looking Statements

This press release contains forward-looking statements such as the expected use of the net proceeds from the private placement, our future financial condition, business plans and objectives, results of operations and business. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance or events and involve risks and uncertainties that are difficult to predict and may be beyond Treasury Metals' control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth herein and in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such 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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