NEXG.V · 2017-12-06 12:00:00

Treasury Metals Announces Increase to Previously Announced Flow-Through Financing to C$4.25 Million

Financings

Treasury Metals Announces Increase to Previously Announced

Flow-Through Financing to C$4.25 Million

TSX:TML

/NOT FOR DISTRIBUTION TO

UNITED STATES

NEWS WIRE SERVICES OR FOR DISSEMINATION IN

THE UNITED

STATES

TORONTO

Dec. 6, 2017

/CNW/ -

Treasury Metals Inc.

(TSX: TML "

Treasury Metals

" or the "

Company

") is pleased to announce that it

has entered into an amending agreement with a syndicate of agents led by Haywood Securities Inc. (collectively, the "

Agents

"), to increase the

amount of the private placement financing (the "

Offering

") from 4,500,000 flow-through common shares up to 6,350,000 flow-through common

shares of the Company ("

Flow-Through Shares

") for aggregate gross proceeds of approximately

$4.25 million

. Other details of the Offering

remain unchanged, including the issue price of

$0.67

per Flow-Through Share (the "

Issue Price

").

The proceeds from the issuance of Flow-Through Shares will be used to incur Canadian Exploration Expenses ("

CEE

"), and will qualify as "flow-

through mining expenditures" under the Income Tax Act (

Canada

), which will be renounced to the subscribers with an effective date no later than

December 31, 2017

to the purchasers of Flow-Through Shares in an aggregate amount no less than the proceeds raised from the issue of the

Flow-Through Shares. The proceeds of the Offering will be used by the Company to accelerate the current in-fill drilling program at depth and

complete a step-out exploration program to the East Resource target area at its development-stage Goliath Gold Project.

Closing of the Offering is expected to occur on or about

December 21, 2017

and is subject to certain customary conditions, including, but not

limited to, the receipt of all necessary regulatory approvals and acceptance of the Toronto Stock Exchange. The Flow-Through Shares issued

under the Offering will be subject to a statutory hold period of four months plus a day following the date of closing.

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 is a gold focused exploration and development company with assets in

Ontario, Canada

and is listed on the Toronto Stock

Exchange ("

TSX

") under the symbol "TML". 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. Treasury Metals is currently in the mine permit process on the Goliath Gold Project.

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.

SOURCE

Treasury Metals Inc.

View original content: http://www.newswire.ca/en/releases/archive/December2017/06/c5550.html

%SEDAR: 00027114E

For further information:

Chris Stewart, President and CEO, T: 1.416.214.4654, [email protected]; Greg Ferron, Vice President,

Corporate Development, T: 1.416.214.4654, [email protected]

CO: Treasury Metals Inc.

CNW 13:09e 06-DEC-17

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