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TORONTO, ONTARIO--(Marketwire - June 30, 2010) - Treasury Metals Inc. ("Treasury" or the "Company") (TSX:TML) is pleased to announce it has appointed Mr. Dennis Gibson as Chief Financial Officer for the Company. Mr. Gibson holds a Bachelor of Commerce from Concordia University, is a Certified General Accountant and has held various senior financial positions for the past thirty years. Mr. Gibson served as Vice President, CFO and Corporate Secretary for Vector Intermediaries Inc from 1996 to 2004, as CFO for Aquiline Resources Inc. from April 2006 to December 2009 and as CFO for Laramide Resources Ltd. from April 2006. Mr. Gibson replaces James Fairbairn, former CFO for Treasury, who has stepped down to pursue other interests in the resource sector.

At the Company Annual General Meeting ("AGM") of shareholders, the Company elected six directors to hold office until the next AGM. The directors are Marc Henderson, Scott Jobin-Bevans, William Fisher, Blaise Yerly, Peter Walker and Douglas Bache. Also at the AGM, the Company appointed Collins Barrow LLP Chartered Accountants to act as auditors of Treasury.

About Treasury Metals

Treasury Metals Inc. is a mineral exploration company that is actively developing its 100% owned flagship Goliath Gold Project. The Goliath Gold Project encompasses the Thunder Lake gold deposit that as of December, 2008 has 130,000 indicated ounces of gold (820,000 tonnes at 4.8 g/t Au; Main Zone) and 920,000 inferred ounces of gold (7,000,000 tonnes at 4.1 g/t Au; all zones), using a cut-off grade of 2.0 g/t Au (see NI 43-101 report – "Report on the Goliath Project, Kenora Mining Division, Northwestern Ontario, Canada" dated December 19, 2008 – filed on SEDAR). Mineral resources are not mineral reserves and by definition do not demonstrate economic viability. Drilling of the Thunder Lake gold deposit to date has intersected the Main Zone over a strike length of more than 2,300 metres, with thicknesses of 0.5 to 30 metres (average width of 7.6 metres at 0.5 g/t Au cut-off) and a high-grade core with an average width of 1.9 metres (3.0 g/t Au cut-off). The Thunder Lake gold deposit is open along strike to the west, northeast and at depth. An updated mineral resource estimate is expected as part of the Preliminary Economic Assessment.

Treasury Metals Inc. has royalty revenue from Goldgroup Mining Inc.'s Cerro Colorado Mine in Mexico, along with other monetizable assets. Treasury has a strong shareholder base and its management team and board are seasoned mining industry veterans with proven track records.

For additional information on Treasury Metals Inc. and its projects, please visit the Company's website at [ www.treasurymetals.com ].

Forward-looking Statements

Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains statements about our future financial condition, results of operations and business. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.