Public Notice
Goliath Gold Project — Public Comments Invited and Information Sessions

April 24, 2015 — As part of the strengthened and modernized Canadian Environmental Assessment Act, 2012 (CEAA 2012) put in place to support the government's Responsible Resource Development Initiative, the Canadian Environmental Assessment Agency (the Agency) is conducting a federal environmental assessment of the proposed Goliath Gold Project, located in Ontario.

The Agency invites the public to comment on the potential environmental effects of the project and the proposed measures to prevent or mitigate those effects as described in a summary of the proponent's Environmental Impact Statement (EIS). All comments received will be considered public.

Written comments must be submitted by May 24, 2015 to:

Goliath Gold Project
Canadian Environmental Assessment Agency
55 St. Clair Avenue East, Suite 907
Toronto, Ontario M4T 1M2
Telephone: 416-952-1576
Fax: 416-952-1573
Goliath@ceaa-acee.gc.ca

To view the summary of the EIS or for more information, visit the Agency's website (Registry reference number 80019).

Copies of the summary of the EIS are also available for viewing at the following locations:

• Dryden Public Library
  36 Van Horne Avenue
  Dryden, Ontario

• Wabigoon Memorial Hall
  Highway 17 #10700
  Wabigoon, Ontario

• Sioux Lookout Public Library
  21 Fifth Avenue
  Sioux Lookout, Ontario

Information Sessions

The following information sessions will be held during the comment period:

• Village of Wabigoon
  May 6, from 6 p.m. to 9 p.m.
  Wabigoon Memorial Hall
  Highway 17 #10700
  Wabigoon, Ontario

• City of Dryden
  May 7, from 3 p.m. to 5 p.m. and 6 p.m. to 9 p.m.
  Dryden Best Western
  349 Government St.
  Dryden, Ontario

Information on the Goliath Gold Project and the EIS will be available for viewing at the information sessions, and interested individuals will be able to speak with federal and provincial representatives and Treasury Metals Inc.'s technical team.

Consistent with the transparency and public engagement elements of CEAA 2012, this is the third of four opportunities for Canadians to comment on this project. Following this comment period, the Agency will prepare a draft Environmental Assessment Report, setting out its conclusions and recommendations regarding the potential environmental effects of the project, the proposed mitigation measures, the significance of any remaining adverse environmental effects, and the follow-up program.

The Canadian Environmental Assessment Agency will also prepare potential environmental assessment conditions for consideration by the Minister of the Environment. These conditions would become legally binding on the proponent if the Minister of the Environment ultimately issues a decision statement indicating that the Project may proceed. A public comment period on the draft Environmental Assessment Report and the potential conditions will be announced at a later date.

Projects subject to CEAA 2012 are assessed using a science-based approach. If the project is permitted to proceed to the next phase, it will continue to be subject to Canada's strong environmental laws, rigorous enforcement and follow-up, and fines for non-compliance.

The Proposed Project

Treasury Metals Inc. is proposing the construction, operation, decommissioning, and abandonment of an open-pit and underground gold mine and associated infrastructure. The proposed mine, located 20 kilometres east of the city of Dryden, Ontario, will have an ore production capacity of 2,700 tonnes per day with an anticipated mine life of approximately 10 to 12 years.