TSX:TML

Advancing Toward Production

in Ontario TREASURY METALS

June 2014

ww.treasurymetals.com

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FORWARD-LOOKING STATEMENTS

+ This presentation contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Corporation. These risks and uncertainties could cause actual results and the Corporation’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Corporation assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change. This presentation contains projections and forward looking information that involve various risks and uncertainties regarding future events. Such forward looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Corporation. These risks and uncertainties could cause actual results and the Corporation’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Corporation assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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TREASURY METALS – HIGHLIGHTS

+ Flagship high-grade gold project in Ontario

– 1.7 million ounces in the combined category (760k Indicated and 940k Inferred) from November 2011 resource estimate

– High-grade 2.87 g/t Au based on PEA mineable ounces

+ Achievable $92 million CAPEX to produce 70,000 – 90,000 ounces per year for 10-year plus mine life

– Comparable deposits - Black Fox, Young-Davidson/Matachewan and Musselwhite

– Excellent recoveries +95% by CIL and +92% by Flotation

+ Environmental Impact Statement (EIS), Mine Optimization and Process Study nearing completion

+ Funded to complete Resource Estimate, Feasibility, EIA and Permitting

+ Highway accessible location with excellent infrastructure

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GOLIATH GOLD PROJECT – NORTHWESTERN ONTARIO

+ Situated on the Trans-Canada Highway, 20 km east of the city of Dryden

+ Power, local workforce and transportation all readily available

+ Ontario/Canada developing new streamlined permitting process

+ Brigus, Rainy River, Trelawney, Prodigy and Queenston take-overs confirm Ontario as foremost region

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GOLIATH GOLD PROJECT – REGIONAL AREA

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• Rainy River/NewGold

• Hammond Reef (OSK)

• Cameron Lake (CCY)

• Red Lake (Goldcorp)

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TREASURY METALS – SHORT TERM PROJECT MILESTONES

+ Ongoing drilling/exploration program

+ Optimization study by Lycopoduim, Tetra Tech etc. including new capital costs, operating costs and mine throughput/production numbers and recoveries

+ P&E Engineering is completing a similar study with the Open Pit and Underground mining/resources including furthering the Open Pit mine design, underground mining methods, stope design and overall mine scheduling

+ Permitting is of course ongoing with the EIS into the federal government by Q3

+ New resource and feasibility study

+ A more regionally focused exploration strategy on areas such as the Norman Property and along strike have also commenced

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GOLIATH GOLD PROJECT- OPEN PIT DEPOSIT

+ Two principle zones: Main Zone and C Zone. Planer in nature and dipping at approx. 75 degrees and the ore body is consistent.

+ Average widths of 5 metres and 30 metres for Main and C Zones respectively with the C Zone situated approx. 40 metres behind the Main Zone (North) and runs parallel.

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C Zone

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GOLIATH GOLD PROJECT – C ZONE PARALLEL TO MAIN ZONE

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C Zone

Main Zone

Near surface

resources

Near surface

resources

High-grade shoots

High-grade shoot

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GOLIATH GOLD PROJECT – SOURCES OF POTENTIAL NEW GOLD OUNCES

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Down Dip from Current Resource

Along Strike Extensions from Current Resource

Resources to East within Property Block

Underexplored Iron Formation

New “C” zone ore shoot

Ex-Goliath Area Potential Resources (Goldcliff)

Additional Opportunities in Kenora District

Underexplored 50 Km2 Sq block

TML Exploration Office

Exploration drilling along limb and nose of fold

Current resource area

Mineralized extension

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GOLIATH GOLD PROJECT- INFRASTRUCTURE IN PLACE

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+ NW Ontario provides

excellent infrastructure,

reduces costs

+ Local workforce and

transportation all readily

available

+ Mine development will not

require any additional

infrastructure

+ Power (gas and hydro)

infrastructure on-site

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MINING PLAN – PRELIMINARY ECONOMIC STUDY

+ >2.8 g/t Au Eq. Open Pit, 3.05 g/t Au Eq Average Mill Feed

+ 4.5 Million Tonnes OP and 4.5 Million Tonnes U/G (mine plan only)

+ ~80,000 ounces/year, 2500 t/day milling for 10 year total mine life

+ $1375 Gold Price, After Tax NPV (5%) of $144.3M, IRR 32.4%, 2.8 year payback

+ $92M Initial CAPEX for OP and Mill. Portal and Ramp access development funded by cash flows of OP for total LOM capital cost of $200M

+ 95% Mining Recovery, 15% Dilution OP, 15% Dilution U/G

+ $3.01/t Open Pit Mining Cost, $60/t U/G Mining Cost, $15.81/t Milling cost

+ 9.3:1 overall stripping ratio. Opportunity to lower in east pit with additional Main, C Zone drilling. 130-180 m. Final Pit depth. 500-600 m. Underground Depth Pre-Tax values

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The preliminary economic assess-

ment is preliminary in nature and

includes inferred mineral resources

that are considered too speculative

geologically to have the economic

considerations applied to them that

would enable them to be cat-

egorized as mineral reserves, and

there is no certainty that the pre-

liminary economic assessment will

be realized. Mineral resources that

are not mineral reserves do not

have demonstrated economic via-

bility.

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GOLIATH GOLD PROJECT- SITE PLAN

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TREASURY METALS – 2014 PROJECT AND CORPORATE PLANS

•Secured equity and RMB Resources funding

•Attract analyst coverage and new insto. support

•Continue to advance Project Financing alternatives

Corporate

•Completion of Optimization Studies

•Operation and mine design/plant engineering

•Completion of mine feasibility study Feasibility Study

•10,000 metres of drilling – primarily infill drilling

•Define new C Zone shoots and some exploration

•Update resources estimate Exploration

•Completion of Environmental Impact Statement

•First Nations consultation and IBA discussions

•Federal and Provincial Permits moving ahead Permitting

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Ticker symbol TML

Listing TSX

Recent share price (April 16, 2014) $0.45

Shares outstanding (Basic) 73.5 million

Shares outstanding (Fully-Diluted) 82.8 million

Market capitalization $35 million

Cash and Investments Position $5.0 million1 + royalty income + RMB facility

Shareholder Composition Retail (60%); Institutional (30%); Insiders (15%)

Top Holders (included in institutional/mgmt) Insiders (15%); Laramide (6.5%); Canaccord Retail (~6.4%); Corona (6%); Front St. (~5%); Sprott (~2%);

TREASURY METALS – MARKET DATA

14 1 Cash position assumes only first tranche drawdown of RMB facility

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RMB FACILITY

+ RMB Resources, a well respected investor, provided the Company a $6 million Feasibility Finance Facility

– Available in two tranches of $3 million

+ Transaction funds technical programs (plus existing cash) to production decision stage

+ A facility term of 2.5 years (July 2016) at CDOR plus 7.5% per annum (equivalent to ~8.8%)

+ Financing warrants provided to RMB for equity upside

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ATTRACTIVE VALUATION

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EV/Resource – Ontario Junior Gold Exploration and Development Companies

Recent Acquisitions of Junior Gold Exploration and Development Companies in Ontario

Source: Canaccord Genuity, Company Reports, Capital IQ AuEq is based on gold and silver resources only and assumes long-term metal prices of $1,455/oz Au and $22.85/oz Ag Current as of April 16, 2014

Market Enterprise Total Attributable Resource EV / Resource

Company Capitalization Value Key Asset Stage M&I MI&I M&I MI&I

(C$M) (C$M) (million oz Au Eq) (million oz Au Eq) (C$/oz Au Eq) (C$/oz Au Eq)

Gold Canyon $45.3 $40.3 Springpole PEA 4.8 5.5 $8.43 $7.31

Gowest $13.8 $13.8 North Timmins PEA 0.9 1.5 $14.57 $9.29

Harte $17.3 $16.3 Sugar Zone PEA 0.3 0.4 $59.29 $40.13

Lexam VG $26.1 $22.2 Buffalo Ankerite PEA 1.4 2.3 $15.74 $9.48

Moneta Porcupine $21.3 $17.9 Golden Highway PEA 1.1 4.3 $16.44 $4.18

Northern Gold $11.5 $10.1 Golden Bear Pre-feasibility 1.2 2.0 $8.48 $5.06

Premier $287.8 $210.9 Hardrock PEA 4.4 9.0 $48.45 $23.34

Probe $205.4 $176.2 Borden Adv. Exploration 4.0 4.8 $44.24 $36.53

Rubicon $428.5 $160.0 Phoenix Construction 1.1 3.3 $145.54 $48.98

Average 2.1 3.7 $40.13 $20.48

Treasury $33.1 $30.6 Goliath PEA 0.8 1.7 $37.86 $17.90

Date Enterprise Total Attributable Resource EV/Resource

Announced Acquiror Target Value M&I MI&I M&I MI&I

(US$M) (M oz Au Eq.) (M oz Au Eq.) (US$/oz Au Eq.) (US$/oz Au Eq.)

May 31, 13 New Gold Inc. Rainy River Resources Ltd. $291.8 6.3 8.7 $46.17 $33.62

Nov 12, 12 Osisko Mining Corporation Queenston Mining Inc. $433.2 2.1 4.0 $210.51 $108.17

Oct 15, 12 Argonaut Gold Inc. Prodigy Gold Incorporated $281.6 5.9 6.2 $48.01 $45.13

Apr 27, 12 IAMGOLD Corporation Trelawney Mining and Exploration Inc. $513.5 0.9 7.4 $596.96 $69.54

Average 3.8 6.6 $225.41 $64.12

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ONTARIO JUNIOR GOLD VALUATIONS – EV/RESOURCE (MI&I)

0

20

40

60

80

100

120

140

160

180

200

Early2012

Mid 2013 End of2013

Jan-14 Apr-14

Rubicon/Premier

Average

TML

Temex, Gowest, NorthernGold

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Upcoming Development Gold Projects – Capex/Market Cap. Vs. IRR

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Aphrodite (2140,8)

Amarillo ( 1694,45)

Aureus

Midway

Astur

Sulliden

Golden Queen

Atlantic

Lydian

Guyana

Orezone

Pretium

Victoria Gold

True Gold

Goldrock

Geologix (1535,30)

Sandspring

Dalradian

MidasTreasury

Seabridge

Gabriel

Spanish Mtn (2867,9)

Belo Sun

Sabina

Clifton (3267,13)

Moneta (2986,18)

Gold Canyon

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10

20

30

40

50

60

0 100 200 300 400 500 600 700 800 900 1000 1100 1200 1300 1400 1500

Ad

just

ed

IR

R @

$1

,30

0 (%

)

Capex / Market Cap. %

Current Non-Fully Funded Projects Owned by Non-Cash Flowing Companies

– Capex/Market Cap. % vs. Adjusted IRR @ $1,300

Source: Technical reports, and other company disclosure documents (September 2013 for Economics and April 2014 for Market Cap)

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TREASURY METALS – BOARD OF DIRECTORS

Martin Walter President, CEO, Director

Executive VP of Aquiline and Former CEO of Sierra Minerals (now GoldGroup)

Co-founder of Crown Point Ventures based in Argentina

Worked as a geologist internationally, MBA University of Toronto

Marc Henderson Chairman

Former CEO and President of Aquiline, Director of Lydian International

President and CEO of Laramide (currently largest shareholder of TML)

Doug Bache Independent

20+ years experience in mine finance and development and Director /Officer of various public companies

Bill Fisher Independent

GoldQuest Mining Corp. Chairman, past CEO/Director of Karmin Exploration Inc. (KAR:V) and director of PC Gold Inc. (PKL:T), past Chairman of Aurelian Resources Inc.

Flora Wood Independent

15+ years of capital markets and investor relations experience with Inmet, Aquiline

Currently, Director Investor Relations of Essar Steel Algoma

Blaise Yerly Independent

Based in the financial community of Switzerland; past Director and Chairman of Aquiline Resources Inc.

Managing Director of Minosucra LLC (formerly Triumph International Trading Ltd.)

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TREASURY METALS – MANAGEMENT TEAM

Martin Walter President and CEO

Executive VP of Aquiline and Former CEO of Sierra Minerals (now GoldGroup)

Co-founder of Crown Point Ventures based in Argentina

Worked as a geologist internationally, MBA University of Toronto

Dennis Gibson Chief Financial Officer

Various senior financial positions at public and private companies for 30 years Past CFO of Aquiline Resources, and current CFO of Laramide

Norm Bush Vice President, Goliath Gold Project

An Engineer with extensive executive experience primarily in Forestry sector

Led teams that completed major capital projects including Dryden’s mill

Greg Ferron Vice President, Corporate Development

10+ years of capital markets experience; previous Head of Global Mining, BD,TSX

Advised public mining companies on equity based transactions, VP of Laramide

Mark Wheeler Senior Mining Engineer

Professional Mining Engineer formerly with Teck Resources Ltd.’s Quebrada Blanca mine

Experience covers large-scale gold projects including Williams (Ont.) underground mine

Rory Krocker Senior Project Geologist

Experienced exploration geologist , focused on Goliath for five years

Consulted as geologist for Caracle Creek International Consulting

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TREASURY METALS – WHY INVEST?

+ Experienced team with proven track record

+ Project has attractive economics with an achievable CAPEX

+ RMB a further endorsement and provides financial flexibility to advance Goliath to a production decision stage:

– Analyzing other strategic investor /project finance

– Strong shareholder base and capital structure

– 6 placements completed since December 2010 plus Teck’s work

+ Located right in Ontario with supportive nearby communities and stakeholders

+ Near-term production visibility with excellent infrastructure

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CONTACT INFO

Martin Walter

President and CEO

416.214.4654 martin@treasurymetals.com

Toronto Office: 416.214.4654 or 1.855.664.4654 (toll-free)

Dryden Office: 807.938.6961

www.treasurymetals.com

Greg Ferron

VP, Corp. Development

416.214.4654 greg@treasurymetals.com

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TECHNICAL DATA APPENDIX

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Treasury Metals 2013 Q1 – 2014 Q2 – 2014 Q3 – 2014 Q4 - 2014 2015

Goliath Gold Project Q3 Q4 J F M A M J J A S O N D

Environmental Baseline Studies

Geological Drilling

DST Reporting

EcoMetrix ARD

AMEC HydroGeology

Lycopodium Process Decision

Lycopodium Infrastructure Layout

WSP Tailings Decision

WSP Alt Assessment

TML EIS Sections

Tetra Tech EIS

GOLIATH GOLD PROJECT – 2014 PROJECT TIMELINE

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Continued Environmental Baseline/Monitoring

Continued Infill and Condemnation Drilling

Completed Draft Report

Drilling

Provincial Permitting

EIS Submission

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GOLIATH GOLD PROJECT- MILL PROCESS

+ 2375 tonne sample previously completed with 97% recovery. 70% recovery from gravity alone.

+ Two additional samples tested:

– G&T Metallurgical Services – 95+% recovery, 60-70% recovery by gravity, 8-12 hours leach time, medium hardness rock.

– Gekko Systems Australia – tested their Python Process to confirm amenability ore to treatment using VSI and continuous gravity concentration CGR.

+ Optimization Study in Q2 2014.

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GOLIATH GOLD PROJECT : NI 43-101 RESOURCE ESTIMATE*

Resource Category

Block Cut-off Grade (g/tonne) Tonnes

Average Grade (g/tonne)

Contained AU (ounces)

Average Ag Grade (g/tonne)

Contained Ag (ounces)

Silver Equivalent Ounces of Au

Total Au Equivalent Ounces (Au+Ag)

Indicated

Surface 0.3 6,002,000 1.8 326,000 7.1 1,257,000 22,000 348,000

Underground 1.5 3,136,000 4.3 433,000 18.0 1,812,000 32,000 465,000

Total 9,140,000 2.6 760,000 10.4 3,070,000 54,000 810,000

Inferred

Surface 0.3 11,093,000 1.0 352,000 3.3 1,184,000 21,000 374,000

Underground 1.5 4,789,000 3.3 514,000 5.2 807,000 14,000 528,000

Total 15,900,000 1.7 870,000 3.9 1,990,000 35,000 900,000

* Independent NI 43-101 Resource Estimate completed by ACA Howe International on November 7, 2011

26 *Source: ACA Howe International Independent and Technical Report, November 2011