Treasury Metals - Pico Machay Gold Project Acquisition Update

NEWS RELEASE TSX:TML September 26, 2011

Treasury Metals - Pico Machay Gold Project Acquisition Update

Toronto, Canada – Treasury Metals Inc. (TSX: TML) (the “Company”) is providing an update on the acquisition of the Pico Machay Gold Project from Pan American Silver Corp. (“Pan American”). The Company continues to pursue financing alternatives in conjunction with Pan American and is working towards completion of the acquisition. The Company will provide further updates as developments arise.

For further information, please contact:

Greg Ferron Vice President, Corporate Development T: 1.416.214.4654 [email protected]

Martin Walter President and CEO T: 1.416.214.4654 [email protected]

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.