Goliath Gold Project Achieves Permitting Milestone

Goliath Gold Project Achieves Permitting

Milestone

TSX: TML

OTCQX: TSRMF

TORONTO

,

March 20, 2019

/CNW/ -

Treasury Metals Inc.

(TSX: TML) ("Treasury" or the "Company") is

pleased to provide an update on recent advances related to the permitting process at the Company's Goliath

Gold Project in

Northwestern Ontario

(the "Project").

Federal Environmental Assessment Update:

As part of the Federal Environmental Assessment ("EA") process, the Canadian Environmental Assessment

Agency ("CEAA") accepted the Company's submissions on

March 14, 2019

, and resumes the federally

legislated timeline to approve the EA and register a decision. CEAA has undergone an extensive technical

review of the draft documentation.

Under the EA process, the remaining legislated timeline includes a formal review along with a 30-day final

public comment period on a draft EA Report and potential conditions of approval, and up to 60 days for a

ministerial decision at which point the federal government renders a decision notice.

Community Update:

Treasury continues to focus on community relations related to the EA process to ensure local stakeholder

inputs are reflected in the EA process and as part of the overall development of the Project.

The Company is also pleased to announce the signing of an Engagement Agreement with Wabauskang First

Nation ("Wabauskang" or the "Community"). The purpose of the agreement is to establish a framework for

meaningful information sharing and communication and forms a roadmap for continued engagement with the

Community. This engagement will facilitate the Community's ability to understand the impact of the project and

allows for the Company to better understand the Community's viewpoints moving forward as part of Goliath's

development and design process.

To view further details about the Goliath Gold Project please visit the Company's website at

www.treasurymetals.com

.

About Treasury Metals Inc.:

Treasury Metals Inc. is a gold focused exploration and development company with assets in

Canada

and is

listed on the Toronto Stock Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best Market

under the symbol TSRMF. Treasury Metals Inc.'s 100% owned Goliath Gold Project in northwestern

Ontario

is slated to become one of

Canada's

next producing gold mines. With first-rate infrastructure currently in

place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an

open pit gold mine to feed a 2,500 per day processing plant with subsequent underground operations in the

latter years of the mine life.

Forward-looking Statements

This 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.

View original content:

http://www.prnewswire.com/news-releases/goliath-gold-project-achieves-permitting-milestone-300815746.html

SOURCE

Treasury Metals Inc.

View original content:

http://www.newswire.ca/en/releases/archive/March2019/20/c3425.html

%SEDAR: 00027114E

For further information:

Greg Ferron, CEO, T: 1.416.214.4654, [email protected]; Mark Wheeler,

Director, Projects, T: 1.416.214.4654, [email protected]; Follow us on Twitter @TreasuryMetals

CO: Treasury Metals Inc.

CNW 11:21e 20-MAR-19