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Treasury Metals Announces Filing of Annual Meeting Materials

Shareholder Meetings

TREASURY METALS ANNOUNCES FILING OF

ANNUAL MEETING MATERIALS

TSX: TML OTCQX: TSRMF

Highlights:

Treasury Metals is holding its Annual Meeting of Shareholders virtually on

June 28, 2022

at

11:00 a.m. Eastern Time

Shareholders are encouraged to vote well in advance of the proxy voting deadline on

June 24,

2022

Shareholders who have questions or need assistance with voting their shares should contact

Laurel Hill Advisory Group: 1-877-452-7184 (North American Toll Free) or 416-304-0211

(outside

North America

); or by email at:

[email protected]

.

TORONTO

,

May 12, 2022

/CNW/ - Treasury Metals Inc. (TSX: TML) (OTCQX: TSRMF) ("Treasury

Metals" or the "Company") announces that it has filed its notice of annual meeting of shareholders,

management information circular (the "Circular") and related documents (together, the "Meeting

Materials") with securities regulators.

Similar to last year, to mitigate health and safety risks, the Annual Meeting will be held virtually on

June 28, 2022

at

11:00 a.m. Eastern Time

via live audio webcast online at

https://web.lumiagm.com/201650549

.

The Circular contains information for Shareholders regarding the Annual Meeting, including exercising

voting rights on the election of the Board of Directors (the "Board") and the appointment of the

Company's auditor. Shareholders who held shares as of the Record Date of

May 2, 2022

will be

eligible to vote. Voting instructions are included in the Circular, and eligible Shareholders are

encouraged to vote well in advance of the proxy voting deadline on

June 24, 2022

at

11:00 a.m.

Eastern Time

.

Jeremy Wyeth

, President and CEO of the Company, commented: "As part of a Board renewal

process initiated last year, two of our current directors,

Marc Henderson

and

Daniel Wilton

, will not

stand for re

election at the Annual Meeting. On behalf of the rest of the Board and the team at

Treasury Metals, I would like to thank Marc and Daniel for their contributions to the Board and to the

Company over the years. We are pleased to welcome our two new Director nominees,

Margot

Naudie

and

Paul McRae

, whose expertise on a broad range of issues will be well-utilized by the

Board in carrying out its responsibility in overseeing our business and affairs."

The Company is using notice-and-access to deliver the Meeting Materials to Shareholders. The

Meeting Materials can be found online at

https://treasurymetals.com/investors/annual-meeting-of-shareholders/

and under the Company's

issuer profile on SEDAR at

www.sedar.com

. Shareholders may also request a paper copy of these

documents as indicated in the Circular and in the Notice of Availability of Proxy Materials, which will

be mailed to Shareholders.

About Treasury Metals

Treasury Metals Inc. is a gold-focused company with assets in

Canada

. Its Goliath Gold Complex—

which includes the Goliath, Goldlund and Miller deposits—is located in

Northwestern Ontario

. The

Company recently announced an updated mineral resource estimate for the Goliath Gold Complex

with an effective date of

January 17, 2022

(see Company news release dated

April 14, 2022

). For

additional information on the Goliath Gold Complex, please refer to the preliminary economic

assessment, prepared in accordance with National Instrument 43

101 – Standards of Disclosure for

Mineral Projects, entitled "NI 43

101 Technical Report & Preliminary Economic Assessment of the

Goliath Gold Complex" and dated

March 10, 2021

with an effective date of

January 28, 2021

, led by

independent consultants Ausenco Engineering Canada Inc. The technical report is available on

SEDAR at

www.sedar.com

, on the OTCQX at

www.otcmarkets.com

and on the Company website

at

www.treasurymetals.com

.The Company also owns several other projects throughout

Canada

,

including the Lara Polymetallic Project, Weebigee-Sandy Lake Gold Project JV, and grassroots gold

exploration property Gold Rock. For further details about the Company, please visit

www.treasurymetals.com

.

To view further details about Treasury, please visit the Company's website at

www.treasurymetals.com

.

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the

TSX) accepts responsibility for the adequacy or accuracy of this release.

SOURCE

Treasury Metals Inc.

View original content:

http://www.newswire.ca/en/releases/archive/May2022/12/c0063.html

%SEDAR: 00027114E

For further information:

Jeremy Wyeth, President & CEO, T: +1 416 214 4654; Orin Baranowsky,

CFO, T: +1 416 214 4654, Email: [email protected]; Twitter @TreasuryMetals

CO: Treasury Metals Inc.

CNW 16:45e 12-MAY-22