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Treasury Metals Announces Results of Annual Meeting of Shareholders and Appoints Chris Stewart to the Board of Directors

Management Changes Shareholder Meetings

Treasury Metals Announces Results of Annual Meeting of

Shareholders and Appoints Chris Stewart to the Board of

Directors

TSX:TML

TORONTO

,

June 23, 2017

/CNW/ -

Treasury Metals Inc.

(

"Treasury Metals"

or the

"Company")

(

TSX:TML

), a gold exploration and

development company focused on Goliath Gold Project in northwestern

Ontario

, is pleased to provide below the results of its annual meeting of

shareholders (the

"Meeting"

) held on

June 22, 2017

.

Chris Stewart

, the Company's President and Chief Executive Officer, was appointed to the Company's Board of Directors at the Meeting. Mr.

Stewart was appointed President and Chief Executive Officer of the Company effective

December 5

, 2016. Mr. Stewart is a senior mining

executive with more than 24 years of diversified experience in the mining industry and is leading the Company's transition through the development

stage into production.

At the Meeting, a total of 28,906,994 common shares ("Common Shares") of the Company, were represented at the Meeting and all matters

presented for approval at the Meeting have been duly authorized and approved, as follows:

(i)

election of all management nominees to the Board of Directors of the Company;

(ii)

appointment of Collins Barrow Toronto LLP as auditors of the Company for the ensuing year and authorization of the directors to fix their remuneration; and,

The nominees proposed by management were elected by shareholders on a show of hands, with the detailed results for the election of directors of

the management proxy votes received, including those in person, were as follows:

Name

Shares Voted

For (#)

Shares Voted

For (%)

Shares Withheld

(#)

Shares

Withheld (%)

Doug Bache

25,179,255

96.48

919,860

3.52

William Fisher

25,929,307

99.35

169,808

0.65

Marc Henderson

22,846,809

87.54

3,252,306

12.46

Chris Stewart

22,784,029

87.30

3,315,086

12.46

Christophe Vereecke

25,930,517

99.35

168,598

0.65

Flora Wood

25,180,543

96.48

918,572

3.52

Blaise Yerly

25,930,583

99.35

168,532

0.65

The formal report on voting results with respect to all matters voted upon at the meeting are filed on SEDAR.

Follow us on Twitter @TreasuryMetals

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". 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.

SOURCE

Treasury Metals Inc.

View original content: http://www.newswire.ca/en/releases/archive/June2017/23/c3211.html

%SEDAR: 00027114E

For further information:

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

CO: Treasury Metals Inc.

CNW 16:15e 23-JUN-17