Mr. Greg Ferron reports

TREASURY METALS PROVIDES UPDATE IN PLATINEX INC. OWNERSHIP

Treasury Metals Inc.'s ownership of securities of Platinex Inc. has been increased to approximately 10.633 per cent of Platinex's issued and outstanding share capital, as a result of common shares and warrants received as consideration pursuant to a purchase agreement.

Prior to acquisition of common shares and warrants by Treasury, the company held one million common shares, representing approximately 1 per cent of the then issued and outstanding shares of Platinex. Following the acquisition by Treasury of common shares and warrants of Platinex on July 15, 2020, Treasury owns an aggregate of 13.5 million common shares and five million warrants, representing approximately 10.633 per cent of the issued and outstanding shares of Platinex, and assuming exercise of its five million warrants, Treasury would hold 18.5 million common shares, representing approximately 14.019 per cent of the issued and outstanding shares of Platinex.

This news release is issued pursuant to National Instrument 62-103 (the Early Warning System). A copy of the early warning report will appear on the SEDAR website.

About Treasury Metals Inc.

Treasury is a gold-focused exploration and development company with assets in Canada.

We seek Safe Harbor.