TORONTO - Treasury Metals Inc. (TSX: TML) (OTCQX: TSRMF) ('Treasury' or the 'Company') is pleased to announce gold results from an additional 3,150 metres from 14 holes of a planned 30,000 metre diamond drilling program for 2021 at the Goldlund Gold Deposit ('Goldlund') located within the larger 100% owned Goliath Gold Complex (the 'Project' or 'GGC'), which includes the Goliath, Goldlund and Miller deposits along a prospective 65-kilometre trend in Northwestern Ontario.
In addition, the Company is also pleased to announce that the first batch of silver results have been received, confirming the presence of silver at Goldlund. Previously, Goldlund had not been known for silver mineralization and little testing for silver had been completed. As part of the 2021 drill program, the Company began analyzing drill core for silver, as its presence could represent an additional revenue opportunity for Goldlund and the greater Project as a whole.
The Company has drilled approximately 20,000 metres (108 holes) to date at Goldlund. With assay results released today, gold assay results are pending on more than 5,750 metres (28 holes). Of the program to date, 88 holes have been drilled within the preliminary PEA resource, with 20 holes exploring targets outside of, and along strike of, the Goldlund Deposit.
Jeremy Wyeth, President and CEO of Treasury Metals, commented: 'The drill results released today continue to illustrate solid intersections of mineralization, increasing our understanding of the geological controls at Goldlund. We are particularly encouraged by the results from the silver assays received from the drilling at Goldlund. Currently in the PEA, there is no contemplation of the recovery of silver at Goldlund. The results today represent an opportunity for further improvements to the economics of the Goliath Gold Complex through the potential from additional silver revenues over the life of the Project.'
About Treasury Metals Inc.
Treasury Metals Inc. is a gold focused company with assets in Canada. Treasury's Goliath Gold Complex, which includes the Goliath, Goldlund and Miller deposits, is located in Northwestern Ontario. The deposits benefit substantially from excellent access to the Trans-Canada Highway, related power and rail infrastructure, and close proximity to several communities including Dryden, Ontario. The Company also owns several other projects throughout Canada, including the Lara Polymetallic Project, Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock. Treasury Metals is committed to inclusive, informed and meaningful dialogue with regional communities and Indigenous Nations throughout the life of all our Projects and on all aspects, including: creating sustainable economic opportunities, providing safe workplaces, enhancing of social value, and promoting community well-being.
Forward-Looking Statements
This release includes certain statements that may be deemed to be 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'plans', 'projects', 'intends', 'estimates', 'envisages', 'potential', 'possible', 'strategy', 'goals', 'objectives', or variations thereof or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Treasury disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for precious metals; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for gold and base metals; gold price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources and changes in legislation, including but not limited to tax laws, royalties and environmental regulations.
Actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits may be derived therefrom and accordingly, readers are cautioned not to place undue reliance on the forward-looking information.
Note to United States Investors
All resource estimates included in this press release have been prepared in accordance with Canadian standards, which differ in some respects from United States standards. In particular, and without limiting the generality of the foregoing, the terms 'inferred mineral resources,' 'indicated mineral resources,' 'measured mineral resources' and 'mineral resources' that may be used or referenced are Canadian mining terms as defined in accordance with National Instrument 43 101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the 'CIM') Standards on Mineral Resources and Mineral Reserves (the 'CIM Standards'). The CIM Standards differ significantly from standards in the United States. While the terms 'mineral resource,' 'measured mineral resources,' 'indicated mineral resources,' and 'inferred mineral resources' are recognized and required by Canadian regulations, they are not defined terms under standards in the United States. 'Inferred mineral resources' have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into reserves. Readers are also cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Disclosure of 'contained ounces' in a resource is permitted disclosure under Canadian regulations; however, United States companies are only permitted to report mineralization that does not constitute 'reserves' by standards in the United States as in place tonnage and grade without reference to unit measures. Accordingly, information regarding resources contained or referenced in this [name of disclosure document] containing descriptions of our mineral deposits may not be comparable to similar information made public by United States companies.
Contact:
Jeremy Wyeth
Tel: +1 416 214 4654
TREASURY METALS INC. 
