Mr. Martin Walter reports

TREASURY METALS IDENTIFIES SIGNIFICANT NEW GOLD INTERSECTIONS INCLUDING 6.08 G/T AU OVER 6.0 M NEAR SURFACE

Treasury Metals Inc. has released the remainder of the results from its infill sampling program of existing drill core and its bottle roll testing program on the company's 100-per-cent-owned Goliath gold project located near the city of Dryden in Northwestern Ontario.

To further evaluate the gold potential of the B zone and other zones throughout the main deposit, the company initiated and has completed an infill sampling program of existing drill core not previously assayed. This program covered untested areas of either extensions or potential new zones of previously unsampled drill core. A total of 2,090 new split core samples was collected from 95 drill holes. The program was successful in identifying new gold mineralization in half (56) of the 110 new target zones that were identified for inspection. A near-surface hole and a newly tested hangingwall zone both reported significant results: hole TL10-116 returned 6.08 grams per tonne gold over six m at a vertical depth of 17 m from surface and TL08-53 returned 4.53 g/t Au over a sample length of five m at a depth of 160 m.

Further, a section of D zone mineralization in hole TL11-210 contained visible gold and returned 7.15 g/t Au over one m. Four holes that intersected the B zone returned gold assays ranging from 2.25 to 3.11 g/t Au over sample lengths from one to two m (see table). The sampling program, along with other B zone intersections from the most recent phase 2 program, will allow Treasury to construct a new longitudinal section of the B zone across the strike length of the deposit and potentially identifying targets for future drill programs. A second B zone, designated B2, located between the B and C zones, returned 3.04 g/t Au over two m. Gold mineralization with significant gold assays was also obtained from Main zone and C zone intersections as well.

In addition, the company is reporting results from a successful bottle roll testing program that was undertaken to determine if this analytical method might recover more gold and increase potential gold ounces at the Goliath gold project. A total of 374 reject samples was selected from 19 holes drilled between 2013 and 2015 for 1,000-gram bottle roll testing. All samples contained original gold concentrations less than five g/t Au, and were dispatched to Accurassay and Actlabs for analyses. Over all, 58 per cent (228 samples) of the samples experienced a gain in gold in the range of zero to 3.26 g/t Au over average sample lengths of 1.10 m. As an example, hole TL14-375's original Main zone intersection increased from 2.04 g/t Au to 3.15 g/t Au over a sample length of five m. The C zone intersected near surface by hole TL13-305 with an original grade of 0.52 g/t Au increased to 1.89 g/t Au over a sample length of 2.6 m. Losses in gold might be related to possible inhomogeneous effects where gold might still be retained in the bottle roll residue which is currently being investigated.

Two holes drilled to test a gold mobile metal ion (MMI) anomaly P located in iron formation northeast of the Goliath gold deposit did not return any significant gold assays.

With Treasury's 2014/2015 phase 2 drilling program now completed, these results will be used to form a new National Instrument 43-101-compliant resource estimate. This program focused on resource category conversion and on expanding the Main and C zone mineralization. The primary objective has been on further developing the C zone, the Western shoots at depth in areas that have not been previously drill tested and locations west of the main proposed pit (see press release date April 15, 2015, for these results west of main proposed pit).

Results are in the table and a full table of assays can be found on the company's website.

Technical information in this press release has been reviewed and approved by Paul Dunbar, PGeo, who is the qualified person under the definitions established by National Instrument 43-101.

                    GOLIATH ASSAY RESULTS

Hole No.                   From        To    Length       Au
                             (m)       (m)       (m)    (g/t)
Infill program
TL10-116                  14.00     20.00      6.00     6.08
TL08-53                  177.00    182.00      5.00     4.53
TL13-301                 105.00    106.00      1.00     7.15
TL11-184                 203.00    205.00      2.00     3.04
TL11-210                 359.00    361.00      2.00     3.11
TL14-358                 180.00    183.00      3.00     2.29
TL11-206A                410.00    412.03      2.00     2.49
TL12-278                 306.00    307.00      1.00     2.81
TL12-283                 433.00    434.00      1.00     2.52
TL15-385B                375.00    377.00      2.00     2.25
TL11-206A                410.00    412.03      2.03     2.49
TL11-128                 443.00    444.00      1.00     1.90
Bottle roll program
TL14-375                 184.00    199.50     15.50     2.54
including                184.00    189.00      5.00     3.15
TL15-380                 268.00    288.50     20.50     2.09
TL15-382                 227.00    230.00      3.00     2.43
TL15-387                 258.00    261.00      3.00     1.89
                         275.50    277.00      1.50     2.03
TL15-392                 185.00    187.50      2.50     2.11
                         193.00    195.00      2.00     1.81
TL13-305                  26.37     29.00      2.60     1.89
TL15-384                  92.00     97.00      5.00     1.75
TL13-313                  70.00     73.00      3.00     1.73

The company has implemented a quality assurance/quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum exploration best practices guidelines. The drill core is sawn in half with one-half of the core sample shipped to Accurassay Laboratories in Thunder Bay, Ont. 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 Canadian standards for every 10th sample in the sample stream. Selected quarter-core duplicates are assayed every 20 samples. The laboratory reassays 10 per cent of all samples (pulps and rejects) and additional checks are routinely run on anomalous values including both gravimetric analysis and metallic screen fire assaying methods. Gold analysis is conducted by lead collection, fire assay with atomic absorption and/or gravimetric finish on a 30-gram sample (recently changed to 50 gram). A total of 5 per cent of the sample pulps will be dispatched to a secondary assay laboratory for assay verification.

We seek Safe Harbor.