Mr. Jeremy Wyeth reports

TREASURY METALS ANNOUNCES VOTING RESULTS FROM ITS ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

At Treasury Metals Inc.'s annual and special meeting of shareholders, held earlier today, the company's shareholders voted overwhelmingly in favour of certain matters relating to the proposed plan of arrangement involving the company and Blackwolf Copper and Gold Ltd., pursuant to which the company will acquire all of the common shares of Blackwolf, as well as certain annual general matters.

A total of 77,138,926 common shares were voted in person or represented by proxy at the meeting, representing approximately 41.13 per cent of the votes attached to all the outstanding shares as at the record date of the meeting.

The report of voting results will be made available under the company's profile on SEDAR+.

In addition to the approval by Treasury Metals shareholders, Blackwolf securityholders approved the arrangement at the special meeting of Blackwolf securityholders held earlier today. The arrangement is expected to be completed on or about July 3, 2024, subject to approval by the Supreme Court of British Columbia and satisfaction of certain other closing conditions.

For a more detailed description of the arrangement, please refer to the company's management information circular dated May 27, 2024.

About Treasury Metals Inc.

Treasury Metals is a gold-focused company with assets in Canada. Its Goliath gold complex (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario. For information on the Goliath gold complex, refer to the technical report, prepared in accordance with National Instrument 43-101, entitled, "Goliath Gold Complex -- NI 43-101 Technical Report and Prefeasibility Study," dated March 27, 2023, with an effective date of Feb. 22, 2023, led by independent consultant Ausenco Engineering Canada Inc. The technical report is available on SEDAR+, on the OTCQX website and on the company's website.

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