Treasury Metals Announces Voting Results for Annual General and Special Meeting

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TORONTO, June 29, 2021 / CNW / – Treasury Metals Inc. (TSX: TML) (OTCQX: TSRMF) (“Treasury“or the”Company“) is pleased to announce that its shareholders have approved all matters referred to them at the annual and special general meeting of shareholders of the Company held today (the”Meeting“).

A total of 73,838,381 ordinary shares of the Company (“Ordinary actions“) were represented at the Meeting. Shareholders voted in favor of all matters submitted to the Meeting, as follows:

(I)

set the number of members of the board of directors of the Company (the “Board”) to be elected at eight (8) and thereafter empower the Board to determine from time to time the number of directors within the minimum and maximum limits in the Articles of Association of the Company;

(ii)

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

(iii)

appointment of RSM Canada LLP as auditors of the Company for the ensuing year and authorization of the directors to fix their remuneration;

(iv)

renewal of the shareholder rights plan;

(v)

the Company’s new share-based incentive plan.

The eight nominees proposed by management were elected by shareholders, the detailed results for the election of directors of the management proxy votes received, including those at the meeting, were as follows:

Last name

Voted actions (#)

Voted shares (%)

Actions retained (#)

Actions retained (%)

William fisher

72 642 679

99.76%

174,793

0.24%

Frazer Bourchier

72 628 554

99.74%

188 918

0.26%

Marc Henderson

71 380 297

98.03%

1,437,175

1.97%

Christophe Vereecke

71 356 053

97.99%

1 461 419

2.01%

David Whittle

69 937 550

96.05%

2,879,922

3.96%

Daniel Wilton

69,966,398

96.09%

2 851.74

3.92%

Flora Wood

72 630 200

99.74%

187 272

0.26%

Jeremy wyeth

69 942 638

96.05%

2 874 834

3.95%

The official report on the results of the vote on all matters voted on at the Meeting is filed on SEDAR.

About Treasury Metals Inc.

Treasury Metals Inc. is a gold-focused company with assets in Canada. Treasure Goliath Gold Complex (“GGC“), which includes the Goliath, Goldlund and Miller projects, is located in northwestern Ontario. The GGC projects benefit significantly from excellent access to the Trans-Canada Highway, associated electrical and rail infrastructure, and proximity to several communities, including Dryden, Ontario. The Company also owns several other projects across Canada, including the Lara Polymetallic project, the Weebigee-Sandy Lake gold project joint venture and the Gold Rock core gold exploration property.

For more details on treasury, please visit the company’s website at www.treasurymetals.com.

Forward-looking statements

This press release includes certain statements which may be considered “forward-looking statements”. All statements in this press release, other than statements of historical fact, which deal with events or developments that the management of the Company expects, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “plans”, “believes”, “plans”, “plans”, “plans”, “estimates”, “plans” , “Possible”, “possible”, “strategy”, “goals”, “objectives”, or variations thereof or indicating that certain actions, events or results “could”, “could”, “would”, ” could “or” be “made, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those of forward-looking statements. Treasury disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Because forward-looking information relates to future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently expected due to a number of factors and risks. These include, but are not limited to, the exploration and production of precious metals; delays or changes in plans for exploration or development projects or capital expenditures; the uncertainty of resource estimates; risks to health, safety and the environment; global demand for gold and base metals; fluctuations in the price of gold and other commodities and exchange rates; environmental risks; competition; poor assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including, but not limited to, tax laws, royalties and environmental regulations.

Actual results, performance or achievements could differ materially from those expressed or implied in the forward-looking information and, therefore, no assurance can be given that any of the events anticipated by the forward-looking information will or will occur, or if any of them does, what advantages can be derived therefrom and, therefore, readers are cautioned not to place undue reliance on forward-looking information.

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.


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