Treasury Metals Inc. reported drilling results from the C Zone of the company's Goliath Gold Project located in northwestern Ontario. The C Zone mineralization is located approximately 30 to 50 metres adjacent to the Project's Main Zone of mineralization. These results include near surface intersections of 27 metres at 1.9 g/t Au from 51 metres depth in drill hole TL 12-295 and 12 metres at 2.2 g/t Au from 33 metres depth in Hole TL 12-293 and 3.0 metres at 9.0 g/t Au from 73 metres depth in Hole TL 12-290.

Drill hole TL-295 is interpreted to be the up dip extension traced to the surface of the newly discovered high grade shoot of the C Zone that was previously reported in re-entry drill hole TL-164RE on December 11, 2012. A re-entry hole is where Treasury has re-interpreted the geology and concluded that certain drill holes completed by the previous operator need to be extended in length in order to thoroughly test the project's mineralisation. This program of extending drill hole depths has led to several new mineralised zones being discovered, including 1.5 metres at 15.7 g/t Au in Hole TL148-12RE and 8.3 metres at 1.0 g/t Au in TL227-12RE and 17.1 metres at 5.9 g/t Au in earlier reported drillhole TL-164RE.

These recent results are considered significant as they represent the first high-grade gold intersections that are coming together as an ore shoot within the project's sparsely drilled C Zone. They occur near surface and could represent a significant increase to the current open pit mine shells and the mineable ounces within them. These C Zone results have potential to reduce the overall waste to ore stripping ratios, especially in the Eastern section of the deposit.

Drilling continues to delineate and infill the drilling pattern on the Project's C Zone which covers an area measuring approximately 1.2 km in strike length and to a depth of 200 metres as the program is focused primarily on near surface resources.