Treasury Metals Inc. has commenced a 20,000 metre core drilling program at its 100% owned Goliath Gold Project, located approximately 20 kilometres east of the City of Dryden, Ontario. The new exploration program has been designed to test a number of high-priority targets identified on the greater than 49 km2 project outside of the current mineral resource area. Initially, the program will focus on the west end of the property to test a number of geophysical anomalies as well as to test down-dip projections from relatively shallow gold mineralization intercepted during previous drilling campaigns. The program will also drill along strike of the current resource area, to the northeast, where historical drilling by Teck Exploration Ltd. indicates prospective high-grade gold mineralization. The northeast strike extension of the current resource shows promise for the discovery of multiple new high-grade structures and the potential to add additional ounces to the overall resource. Both of these areas have had little or no drilling by Treasury Metals. Initial assay results should be available in approximately 6-8 weeks and will be released in batches similar to the dissemination of results from the 2011 program. The program's fully funded 20,000 metres represents the minimum drill program budgeted for 2012 and may be expanded depending on the tenor of results.