Treasury Metals Inc. announced additional results from the Far East drill program, which was a follow up program that aimed to confirm the continuity of mineralization across the 600 metre, Goliath-style target defined by drilling conducted in previous exploration programs. The drilling represented in this release occurred across two phases. The initial phase of the program (20 holes, 5,427 metres) was designed to confirm the continuity of the host lithology and mineralization between existing drilling, expand along strike and up dip, and further the geological understanding of the Goliath-style target. The exploration site is located less than 8 kilometres from the proposed processing plant for the Goliath Gold Complex, which presents the opportunity for material that can potentially extend and expand the mine life, further enhancing the value from the positive PFS released on the project in 2023.

In addition, the silver included at the Far East and those to be integrated in the next resource update at Goldlund, which historically has not been incorporated, may broaden the material available to be processed. The Far East target is located approximately 8 kilometres east of the Goliath deposit and was initially identified in 2011. The Company completed a four-hole test program on the target in 2012, with the last hole intersecting Goliath-style host rock, alteration and mineralization.

Drilling in 2021 and 2022 on the target was undertaken to better understand the shape, extent, and mineralization potential of the host rock. All grades are un-capped. Complete gold and silver results from the 2022 and 2023 exploration-focused drill program at the Far East can be found here on the Treasury Metals website.

QA /QC. 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. For information on the Goliath Gold Complex, please refer to the technical report, prepared in accordance with NI 43-101, entitled "Goliath Gold Complex - NI 43-101 Technical Report and Prefeasibility Study" and dated March 27, 2023 with an effective date of February 22, 2023, led by independent consultants Ausenco Engineering Canada Inc. The technical report is available on SEDAR at and on the Company website at TSRMF.

The deposits benefit substantially from good access to the Trans- Canada Highway, related power and rail Infrastructure and close proximity to several communities include Dryden, Ontario. For Information on the Goliath Gold Complex. The Goliath Gold Complex, please referred to the technical report, prepared In accordance with NI 43-101.

NI 43-101, entitled 'Goliath Gold Complex - NI43-101 Technical Report and PreFeasibility Study' and dated March 27, 20 23 with an effective date of February22, 2023, led by Independent consultants Ausenco Engineering Canada Inc.