TORONTO, ONTARIO--(Marketwire - Dec. 14, 2011) - Treasury Metals Inc. ("Treasury Metals" or the "Company") (News - Market indicators) is pleased to announce two senior management appointments within the development and exploration teams to assist the ongoing advancement of the Goliath Gold Project located approximately 20 kilometres east of the city of Dryden, Ontario. The appointments include Mr. Norman Bush as Vice President - Goliath Gold Project and Mr. John Chulick, the former Vice President of Exploration at Aquiline Resource Inc. (Aquiline), to oversee the exploration team. 

"These new management appointments reflect the significant progress made in 2011 and our long-term commitment to advance the Goliath Gold Project towards production. We are very pleased to have people with this level of experience and credentials on our management team," commented Martin Walter, President and CEO.

As Vice President - Goliath Gold Project, Mr. Bush will oversee the project development team with short-term priorities focused on permitting, engineering activities, safety and environmental management systems with the goal of moving the project through the feasibility stage. Mr. Bush is a former Vice President at Domtar LLC and Weyerhaeuser, and General Manager at MacMillan Bloedel Ltd. An engineer with more than 25 years in executive positions across North America, he has extensive government and public affairs experience. He has led teams that completed major capital projects including extensive upgrades and additions to Domtar's world-class pulp mill located in Dryden. Mr. Bush will be based out of the exploration office in Dryden and joins an expanding team of engineers and environmental staff.

Mr. Chulick is an experienced mining exploration geologist with more than 25 years of experience, primarily with precious metal companies including senior level roles with Aquiline and Meridian Gold Inc. ("Meridian"). His previous management experience includes directing surface and underground exploration at Meridian's EI Penon mine in northern Chile and he was directly responsible for building Aquiline's Navidad project into one of the world largest silver deposits. Mr. Chulick is presently on-site planning the Company's ongoing exploration strategy and program details, which will be announced to the market in the near future. His initial capacity will be on a consulting basis. Mr. Chulick is a registered geologist in the State of California, U.S.

For additional information on Treasury Metals and its projects, please visit the Company's website at www.treasurymetals.com.