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 Piésold 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 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.

Greg Ferron Vice President, Corporate Development T: 1.416.214.4654 greg@treasurymetals.com

Martin Walter President and CEO T: 1.416.214.4654 martin@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.