Treasury Metals Engages Consultants to complete Environmental Impact Statement

TSX:TML

TORONTO, Jan. 27, 2014 /CNW/ - Treasury Metals Inc. (TSX: TML) is pleased to announce it has engaged Tetra Tech WEI Inc. to oversee completion of its Environmental Impact Statement (EIS) on the Goliath Gold Project located in Northwestern Ontario. Since the issuance of the EIS Guidelines by Canadian Environmental Assessment Agency (See press release dated January 21, 2013), Treasury Metals' internal team has been active in the preparation of the EIS and will now work with technical consultants to complete the work.

• Tetra Tech WEI Inc. is the lead consultant for the preparation of the EIS. The Tetra Tech group has a Permitting and Approvals office in Winnipeg, Manitoba and has vast experience in environmental permitting and a thorough knowledge of the local area;
  
  
• Lycopodium Minerals Canada Ltd. in Toronto, has been selected to conduct a plant optimization and infrastructure study as it pertains to the EIS. The Lycopodium group has a proven track record in the design and construction of operating mines of similar scope and scale;
  
  
• WSP Canada Inc. has been selected to design the tailings storage facility and conduct an alternatives assessment review. WSP Canada (formerly Genivar/Cook), in Thunder Bay has notable experience in both the design and construction of tailings facilities. WSP also has significant knowledge of local Northwestern Ontario field conditions.

"Treasury Metals is pleased to welcome these new groups to our technical team as we continue to progress towards successful completion of the Environmental Assessment and Permit approval processes." stated Norm Bush, Vice President, Goliath Gold Project. "All three groups are recognized for their expertise in the industry and a solid reputation for building and designing projects."

Technical information in this press release has been reviewed and approved by Mark Wheeler, P. Eng. who is the Qualified Person for the Goliath Gold Project under the definitions established by National Instrument 43-101.

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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.