Treasury Metals Inc. welcomed Michele Ashby and James (Jim) Gowans as independent members of the Board of Directors (the "Board"), bringing extensive knowledge and experience to complement the capabilities of the Board. Ms. Ashby founded Ashby Consulting Enterprises Inc. (ACE LLC), a consulting firm that provides corporate board
training and certification through her unique program, ACE Board Certification for Women. Her diverse
background includes 30 years as a gold specialist/analyst, financial expert, independent corporate director and
successful entrepreneur. She was named one of the Top 25 Most Powerful Women in Business in Colorado for 2019
by the Colorado Chamber of Commerce for Women for her work in training 1,000 women for corporate board
directorships; in 2022, she was selected as one of the 100 Global Inspirational Women in Mining by Women in
Mining UK. She previously served as an independent director for Mene Inc., Lithium X and McEwen Mining and was
an Executive Consultant with McGhee Productivity Solutions as well as Chief Executive Officer and founder of
MiNE, LLC. Ms. Ashby was also the Chief Executive Officer and founder of Denver Gold Group Inc., a Colorado
not-for-profit corporation organized and operating as a trade association for the mining industry. She
graduated magna cum laude with a degree in Finance from Regis University. Mr. Gowans has more than 40 years of experience in the resource sector through an extensive career as a senior
executive with several major mining companies and his role as past chair of the Mining Association of Canada.
He has extensive mining knowledge and perspective on the importance of sustainability and stakeholder relations.
He has held executive positions with Debswana Diamond Company in Botswana, DeBeers SA, DeBeers Canada Inc., PT
Inco in Indonesia, and Placer Dome Ltd. He was also interim president and CEO of Trilogy Metals Inc., President,
CEO and a director of Arizona Mining Inc. and senior advisor to the Chair of the Board and Co-President of
Barrick Gold Corporation. He holds a Bachelor of Applied Science in Mineral Engineering from the University of
British Columbia and attended the Banff School of Advanced Management. He currently sits on the board of
directors of Cameco Corporation, Marathon Gold Corporation and Trilogy Metals Inc. As a part of the Company's ongoing Board Renewal process, William Fisher and Flora Wood did not stand for
re–election to the Board at the Meeting.