Mackie Research Updates Speculative Buy Recommendation on Treasury Metals - Video Research Alert on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - March 4, 2015) - Mackie Research has updated coverage on Treasury Metals (TSX: TML). Analyst Peter Campbell gives the company a speculative buy recommendation, increasing his target from $0.55 to $0.75, a premium of 108% to the $0.36 price on February 26th, the day the report was issued.

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Treasury Metals, a gold exploration and development company, is developing the Goliath Gold project, located in Dryden, Ontario. The Goliath Gold project is the subject of a Preliminary Economic Assessment having an effective date of July 2012 which has been used as the basis for Mackie's report.

Before the end of the year, it is expected that Treasury Metals will produce an updated resource estimate and pre-feasibility study on the project.

The report lists several highlights including excellent infrastructure, easy accessibility, a high-grade open pit resource, and financial backing from South African Rand Mercantile Bank through to the end of feasibility.

The PEA envisions a conventional shovel and truck open pit mining operation to mine the upper reaches of the deposit, transitioning to an underground operation in year four. The mine plan also runs a low-grade stockpile during open pit mining operations to maximise head grade to the mill in the early years. The low-grade stockpile will subsequently be used to supplement mill feed during the underground mining phase to keep the 2,500 tonne per day mill full.

Analyst Peter Campbell stated: "We have updated our valuation methodology for Treasury Metals to a 'fully financed, fully diluted' DCF valuation from a market-comparables approach."

The shares are currently trading at $0.35, below Mackie Research's target price of $0.75, and with 76.4 million shares outstanding, the company is capitalized at $26.7 million.

For more information, please visit the company's website www.treasurymetals.com or contact Greg Ferron, Vice President, Corporate Development at 416-214-4654 or email greg@treasurymetals.com.

For more information about Mackie Research or to obtain the report on Treasury Metals contact your nearest Mackie Research office. Their branches are listed on their website at www.mackieresearch.com.

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