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Press release from CNW Group

Treasury Metals Recommences Drilling at Goliath Gold Project, Ontario

Thursday, January 10, 2013

Treasury Metals Recommences Drilling at Goliath Gold Project, Ontario08:00 EST Thursday, January 10, 2013TSX:TMLTORONTO, Jan. 10, 2013 /CNW/ - Treasury Metals Inc. is pleased to announce a 2013 exploration drilling program is now under way at Treasury's 100% owned Goliath Gold Project, situated near the community of Wabigoon and 20 kilometres east of the City of Dryden, Ontario.The primary focus of the drilling program will be to further delineate the C Zone within the proposed open pit to bring Inferred resources to Indicated resources and add ounces to the open pit. Further exploration will follow of the C Zone high-grade gold shoot, discovered in the central part of the Goliath deposit and intersected approximately 50 metres behind the project's mineralised Main Zone (see news release December 11, 2012).Completed assay results from December drill holes will be released shortly once assays become available.Technical information in this press release has been reviewed and approved by Mr. John J. Chulick, a consulting geologist registered in the State of California, who is the Qualified Person for the Goliath Gold Project under the definitions established by National Instrument 43-101.To learn more about Treasury Metals, please visit the Company's website at www.treasurymetals.com.Forward-looking StatementsThis 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. Actual results or developments may differ materially from those in forward-looking statements.  Treasury Metals 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.  SOURCE: Treasury Metals Inc.For further information: Please contact: Greg Ferron Vice President Corporate Development T: 1.416.214.4654 greg@treasurymetals.com Martin Walter President & CEO T: 1.416.214.4654 martin@treasurymetals.com