As Filed With The Securities and Exchange Commissionon on August 10, 2006
Registration No. 333-______
================================================================================
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM SB-2
Registration Statement
Under the Securities Act of 1934

Treasure Explorations Inc.
(Name of Small Business Issuer in Its Charter)

NEVADA 1000 20-5005810
(State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer
Incorporation or Organization) Classification Code Number) Identification No.)

#109 -114 West Magnolia Street, Suite 400
Bellingham, WA 98225 (360)233-0740
(Address of principal Executive Offices) (Telephone Number)

Dan Masters
4490 Philbrook Square
San Diego, CA 92130 (858)523-1177 (858)523-1102
(Name and Address of Agent for Service) (Telephone Number) (Fax Number)

Approximate Date of Commencement of Proposed Sale to the Public: As soon as
practicable after the effective date of this Registration Statement.

If any of the securities being registered on this Form are to be offered on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, check the following box. [X]

If this Form is filed to register additional securities for an offering pursuant
to Rule 462(b) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective
registration statement for the same offering. [ ]

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under
the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [ ]

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under
the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [ ]

If delivery of the prospectus is expected to be made pursuant to Rule 434, check
the following box. [ ]

CALCULATION OF REGISTRATION FEE
================================================================================
Title of Each Proposed Proposed
Class of Maximum Maximum
Securities Offering Aggregate Amount of
to be Amount to be Price Per Offering Registration
Registered Registered Share (2) Price (3) Fee (1)
- --------------------------------------------------------------------------------
Common Stock
Shares 2,000,000 $0.02 $40,000 $4.28
================================================================================
(1) Registration Fee has been paid via Fedwire.
(2) This is the initial offering and no current trading market exists for our
common stock. The price paid for the currently issued and outstanding
common stock was valued at $0.007 per share.
(3) Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(c).

The registrant hereby amends this registration statement on such date or dates
as may be necessary to delay its effective date until the registrant shall file
a further amendment which specifically states that this registration statement
shall thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933 or until the registration statement shall become
effective on such date as the Commission, acting pursuant to said Section 8(a),
may determine.
================================================================================

PROSPECTUS
TREASURE EXPLORATIONS INC.
2,000,000 SHARES OF COMMON STOCK AT $.02 PER SHARE

This is the initial offering of common stock of Treasure Explorations Inc. and
no public market currently exists for the securities being offered. Treasure
Explorations Inc. is offering for sale a total of 2,000,000 of common stock at a
price of $0.02 per share. The offering is being conducted on a
self-underwritten, best effort, all-or-none basis, which means our officer and
directors will attempt to sell the shares. We intend to open a standard,
non-interest bearing, bank checking account to be used only for the deposit of
funds received from the sale of the shares in this offering. If all the shares
are not sold and the total offering amount is not deposited by the expiration
date of the offering, the funds will be promptly returned to the investors,
without interest or deduction. The shares will be offered at a price of $.02 per
share for a period of one hundred and eighty (180) days from the effective date
of this prospectus, unless extended by our board of directors for an additional
90 days. The offering will end on _______, 200_ (date to be inserted in a
subsequent amendment).

Treasure Explorations Inc. is an exploration stage company and currently has no
operations. Any investment in the shares offered herein involves a high degree
of risk. You should only purchase shares if you can afford a loss of your
investment. Our independent auditor has issued an audit opinion for Treasure
Explorations Inc. which includes a statement expressing substantial doubt as to
our ability to continue as a going concern.

BEFORE INVESTING, YOU SHOULD CAREFULLY READ THIS PROSPECTUS, PARTICULARLY, THE
RISK FACTORS SECTION BEGINNING ON PAGE 4.

Neither the U.S. Securities and Exchange Commission nor any state securities
division has approved or disapproved these securities, or determined if this
prospectus is truthful, accurate, current or complete. Any representation to the
contrary is a criminal offense.

- --------------------------------------------------------------------------------
Offering Total
Price Amount of Underwriting Proceeds
Per Share Offering Commissions to Us
- --------------------------------------------------------------------------------
Common Stock $.02 $40,000 $0 $40,000
- --------------------------------------------------------------------------------

As of the date of this prospectus, there is no public trading market for our
common stock and no assurance that a trading market for our securities will ever
develop.

The information in this prospectus is not complete and may be changed. We will
not sell these securities until the registration statement filed with the U.S.
Securities and Exchange Commission has been cleared of comments and is declared
effective. This prospectus is not an offer to sell these securities and it is
not soliciting an offer to buy these securities in any state where the offer of
sale is not permitted.

Subject to Completion, Dated __________, 200__

TABLE OF CONTENTS

Page No.
--------
SUMMARY OF PROSPECTUS 3
General Information about Our Company 3
The Offering 3
RISK FACTORS 4
Risks Associated with our Company 4
Risks Associated with this Offering 7
FORWARD LOOKING STATEMENTS 9
USE OF PROCEEDS 10
DETERMINATION OF OFFERING PRICE 10
DILUTION 10
PLAN OF DISTRIBUTION 12
Offering will be Sold by Our Officer and Directors 12
Terms of the Offering 12
Deposit of Offering Proceeds 13
Procedures for and Requirements for Subscribing 13
LEGAL PROCEEDINGS 13
DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS 13
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 15
DESCRIPTION OF SECURITIES 15
INTEREST OF NAMED EXPERTS AND COUNSEL 16
DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION FOR SECURITIES
ACT LIABILITIES 17
ORGANIZATION WITHIN LAST FIVE YEARS 17
DESCRIPTION OF OUR BUSINESS 17
Glossary 18
General Information 19
Competition 26
Compliance with Government Regulation 26
Patents and Trademarks 27
Need for Any government Approval of Principal Products 27
Research and Development Activities 27
Employees and Employment Agreements 27
Reports to Security Holders 27
PLAN OF OPERATION 28
DESCRIPTION OF PROPERTY 33
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 33
MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS 34
EXECUTIVE COMPENSATION 36
FINANCIAL STATEMENTS 37
CHANGES IN & DISAGREEMENTS WITH ACCOUNTANTS 37

SUMMARY

GENERAL INFORMATION

You should read the following summary together with the more detailed business
information and the financial statements and related notes that appear elsewhere
in this prospectus. In this prospectus, unless the context otherwise denotes,
references to "we", "us", "our", "Treasure" and "Treasure Explorations" are to
Treasure Explorations Inc.

Treasure Explorations Inc. was incorporated in the State of Nevada on May 31,
2006 to engage in the acquisition, exploration and development of natural
resource properties. We intend to use the net proceeds from this offering to
develop our business operations. (See "Business of the Company" and "Use of
Proceeds".) We are an exploration stage company with no revenues or operating
history. The principal executive offices are located at #109 -114 West Magnolia
Street, Suite 400, Bellingham, WA 98225. The telephone number is (360)233-0740.

We received our initial funding of $10,000 through the sale of common stock to
our officer who purchased 2,000,000 shares of our common stock at $0.005 per
share on May 31, 2006. From inception until the date of this filing we have had
limited operating activities. Our financial statements from inception (May 31,
2006) through the year ended June 30, 2006 report no revenues and a net loss of
$430. Our independent auditor has issued an audit opinion for Treasure
Explorations Inc. which includes a statement expressing substantial doubt as to
our ability to continue as a going concern.

Our mineral claim has been staked and we hired a professional mining engineer to
prepare a geological report. We have not yet commenced any exploration
activities on the claim. Our property, know as the Tulameen Mountain Project may
not contain any reserves and funds that we spend on exploration will be lost.
Even if we complete our current exploration program and are successful in
identifying a mineral deposit we will be required to expend substantial funds to
bring our claim to production.

There is no current public market for our securities. As our stock is not
publicly traded, investors should be aware they probably will be unable to sell
their shares and their investment in our securities is not liquid.

OFFERING

Securities Being Offered 2,000,000 shares of common stock.

Price per Share $0.02

Offering Period The shares are offered for a period not to exceed
180 days, unless extended by our board of
directors for an additional 90 days.

Net Proceeds $40,000

Securities Issued
And Outstanding 2,000,000 shares of common stock were issued and
outstanding as of the date of this prospectus.

Registration costs We estimate our total offering registration costs
to be $5,200.

RISK FACTORS

An investment in these securities involves an exceptionally high degree of risk
and is extremely speculative in nature. Following are what we believe to be all
the material risks involved if you decide to purchase shares in this offering.

RISKS ASSOCIATED WITH OUR COMPANY:

WE ARE AN EXPLORATION STAGE COMPANY BUT HAVE NOT YET COMMENCED EXPLORATION
ACTIVITIES ON OUR CLAIM. WE EXPECT TO INCUR OPERATING LOSSES FOR THE FORESEEABLE
FUTURE.

We have not yet commenced exploration on the Tulameen Mountain Mineral
Claims. Accordingly, we have no way to evaluate the likelihood that our
business will be successful. We were incorporated on May 31, 2006 and to
date have been involved primarily in organizational activities and the
acquisition of the mineral claim. We have not earned any revenues as of the
date of this prospectus. Potential investors should be aware of the
difficulties normally encountered by new mineral exploration companies and
the high rate of failure of such enterprises. The likelihood of success
must be considered in light of the problems, expenses, difficulties,
complications and delays encountered in connection with the exploration of
the mineral properties that we plan to undertake. These potential problems
include, but are not limited to, unanticipated problems relating to
exploration, and additional costs and expenses that may exceed current
estimates. Prior to completion of our exploration stage, we anticipate that
we will incur increased operating expenses without realizing any revenues.
We expect to incur significant losses into the foreseeable future. We
recognize that if we are unable to generate significant revenues from
development and production of minerals from the claim, we will not be able
to earn profits or continue operations. There is no history upon which to
base any assumption as to the likelihood that we will prove successful, and
it is doubtful that we will generate any operating revenues or ever achieve
profitable operations. If we are unsuccessful in addressing these risks,
our business will most likely fail.

WITHOUT THE FUNDING FROM THIS OFFERING WE WILL BE UNABLE TO IMPLEMENT OUR
BUSINESS PLAN.

Our current operating funds are less than necessary to complete the
intended exploration program on our mineral claim. We will need the funds
from this offering to complete our business plan. As of June 30, 2006, we
had cash in the amount of $10,000. We currently do not have any operations
and we have no income.

OUR INDEPENDENT AUDITOR HAS ISSUED AN AUDIT OPINION FOR TREASURE EXPLORATIONS
INC. WHICH INCLUDES A STATEMENT DESCRIBING OUR GOING CONCERN STATUS. OUR
FINANCIAL STATUS CREATES A DOUBT WHETHER WE WILL CONTINUE AS A GOING CONCERN.

As described in Note 3 of our accompanying financial statements, our lack
of operations and any guaranteed sources of future capital create
substantial doubt as to our ability to continue as a going concern. If our

business plan does not work, we could remain as a start-up company with
limited operations and revenues.

BECAUSE MANAGEMENT HAS NO TECHNICAL EXPERIENCE IN MINERAL EXPLORATION, OUR
BUSINESS HAS A HIGHER RISK OF FAILURE.

Our directors have no professional training or technical credentials in the
field of geology and specifically in the areas of exploring, developing and
operating a mine. As a result, we may not be able to recognize and take
advantage of potential acquisition and exploration opportunities in the
sector without the aid of qualified geological consultants. Management's
decisions and choices may not take into account standard engineering or
managerial approaches mineral exploration companies commonly use.
Consequently our operations, earnings and ultimate financial success may
suffer irreparable harm as a result.

THERE IS THE RISK THAT OUR PROPERTY DOES NOT CONTAIN ANY KNOWN BODIES OF ORE
RESULTING IN ANY FUNDS SPENT ON EXPLORATION BEING LOST.

There is the likelihood of our mineral claim containing little or no
economic mineralization or reserves of silver or other minerals. We have a
geological report detailing previous exploration in the area, and the claim
has been staked per British Columbia regulations. However; there is the
possibility that the previous work was not carried out properly and our
claim does not contain any reserves, resulting in any funds spent on
exploration being lost.

BECAUSE WE HAVE NOT SURVEYED THE TULAMEEN MOUNTAIN PROJECT, WE MAY DISCOVER
MINERALIZATION ON THE CLAIMS THAT IS NOT WITHIN OUR CLAIM BOUNDARIES.

While we have conducted a mineral claim title search, this should not be
construed as a guarantee of claim boundaries. Until the claim is surveyed,
the precise location of the boundaries of the claim may be in doubt. If we
discover mineralization that is close to the claim boundaries, it is
possible that some or all of the mineralization may occur outside the
boundaries. In such a case we would not have the right to extract those
minerals.

IF WE DISCOVER COMMERCIAL RESERVES OF PRECIOUS METALS ON OUR MINERAL PROPERTY,
WE CAN PROVIDE NO ASSURANCE THAT WE WILL BE ABLE TO SUCCESSFULLY ADVANCE THE
MINERAL CLAIMS INTO COMMERCIAL PRODUCTION.

If our exploration program is successful in establishing ore of commercial
tonnage and grade, we will require additional funds in order to advance the
claim into commercial production. Obtaining additional financing would be
subject to a number of factors, including the market price for the
minerals, investor acceptance of our claims and general market conditions.
These factors may make the timing, amount, terms or conditions of

additional financing unavailable to us. The most likely source of future
funds is through the sale of equity capital. Any sale of share capital will
result in dilution to existing shareholders. We may be unable to obtain any
such funds, or to obtain such funds on terms that we consider economically
feasible and you may lose any investment you make in this offering.

IF ACCESS TO OUR MINERAL CLAIM IS RESTRICTED BY INCLEMENT WEATHER, WE MAY BE
DELAYED IN OUR EXPLORATION AND ANY FUTURE MINING EFFORTS.

It is possible that snow or rain could cause the mining roads providing
access to our claim to become impassable. Snow normally covers the claims
from the end of September to late June. Snow machines or similar track
mounted vehicles may be required to access the claims during those months.
If the roads are impassable we would be delayed in our exploration
timetable.

GOVERNMENT REGULATION OR OTHER LEGAL UNCERTAINTIES MAY INCREASE COSTS AND OUR
BUSINESS WILL BE NEGATIVELY AFFECTED.

There are several governmental regulations that materially restrict mineral
claim exploration and development. Under Canadian mining law, engaging in
certain types of exploration requires work permits, the posting of bonds,
and the performance of remediation work for any physical disturbance to the
land. While these current laws will not affect our initial exploration
phase, if we identify exploitable minerals and proceed to phase two which
includes excavation operations on the claim, we will incur regulatory
compliance costs based upon the size and scope of our operations. In
addition, new regulations could increase our costs of doing business and
prevent us from exploring for and the exploitation of ore deposits. In
addition to new laws and regulations being adopted, existing laws may be
applied to mining that have not as yet been applied. These new laws may
increase our cost of doing business with the result that our financial
condition and operating results may be harmed.

BASED ON CONSUMER DEMAND, THE GROWTH AND DEMAND FOR ANY ORE WE MAY RECOVER FROM
OUR CLAIMS MAY BE SLOWED, RESULTING IN REDUCED REVENUES TO THE COMPANY.

Our continued success will be dependent on the growth of demand for ore. If
consumer demand slows our revenues may be significantly affected. This
could limit our ability to generate revenues and our financial condition
and operating results may be harmed.

BECAUSE OUR CURRENT OFFICER AND DIRECTORS HAVE OTHER BUSINESS INTERESTS, THEY
MAY NOT BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS
OPERATIONS, CAUSING OUR BUSINESS TO FAIL.

Mr. Howard Gelfand, our sole officer and a director of the company,
currently devotes approximately 10 hours per week providing management
services to us. Mr. Gordon Koshowski, a director of the company, devotes
approximately 2-3 hours per week to our business. While our executive

officer and directors presently possesses adequate time to attend to our
interests, it is possible that the demands on them from their other
obligations could increase, with the result that they would no longer be
able to devote sufficient time to the management of our business. This
could negatively impact our business development.

RISKS ASSOCIATED WITH THIS OFFERING:

THE TRADING IN OUR SHARES WILL BE REGULATED BY SECURITIES AND EXCHANGE
COMMISSION RULE 15G-9 WHICH ESTABLISHED THE DEFINITION OF A "PENNY STOCK."

The shares being offered are defined as a penny stock under the Securities
and Exchange Act of 1934, and rules of the Commission. The Exchange Act and
such penny stock rules generally impose additional sales practice and
disclosure requirements on broker-dealers who sell our securities to
persons other than certain accredited investors who are, generally,
institutions with assets in excess of $5,000,000 or individuals with net
worth in excess of $1,000,000 or annual income exceeding $200,000 ($300,000
jointly with spouse), or in transactions not recommended by the
broker-dealer. For transactions covered by the penny stock rules, a
broker-dealer must make a suitability determination for each purchaser and
receive the purchaser's written agreement prior to the sale. In addition,
the broker-dealer must make certain mandated disclosures in penny stock
transactions, including the actual sale or purchase price and actual bid
and offer quotations, the compensation to be received by the broker-dealer
and certain associated persons, and deliver certain disclosures required by
the Commission. Consequently, the penny stock rules may make it difficult
for you to resell any shares you may purchase, if at all.

WE ARE SELLING THIS OFFERING WITHOUT AN UNDERWRITER AND MAY BE UNABLE TO SELL
ANY SHARES.

This offering is self-underwritten, that is, we are not going to engage the
services of an underwriter to sell the shares; we intend to sell them
through our officer and directors, who will receive no commissions. They
will offer the shares to friends, relatives, acquaintances and business
associates, however; there is no guarantee that they will be able to sell
any of the shares. Unless they are successful in selling all of the shares
and we receive the proceeds from this offering, we may have to seek
alternative financing to implement our business plans.

DUE TO THE LACK OF A TRADING MARKET FOR OUR SECURITIES, YOU MAY HAVE DIFFICULTY
SELLING ANY SHARES YOU PURCHASE IN THIS OFFERING.

We are not registered on any public stock exchange. There is presently no
demand for our common stock and no public market exists for the shares
being offered in this prospectus. We plan to contact a market maker
immediately following the completion of the offering and apply to have the
shares quoted on the OTC Electronic Bulletin Board (OTCBB). The OTCBB is a

regulated quotation service that displays real-time quotes, last sale
prices and volume information in over-the-counter (OTC) securities. The
OTCBB is not an issuer listing service, market or exchange. Although the
OTCBB does not have any listing requirements per se, to be eligible for
quotation on the OTCBB, issuers must remain current in their filings with
the SEC or applicable regulatory authority. Market makers are not permitted
to begin quotation of a security whose issuer does not meet this filing
requirement. Securities already quoted on the OTCBB that become delinquent
in their required filings will be removed following a 30 or 60 day grace
period if they do not make their required filing during that time. We
cannot guarantee that our application will be accepted or approved and our
stock listed and quoted for sale. As of the date of this filing, there have
been no discussions or understandings between Treasure Explorations Inc.,
or anyone acting on our behalf, with any market maker regarding
participation in a future trading market for our securities. If no market
is ever developed for our common stock, it will be difficult for you to
sell any shares you purchase in this offering. In such a case, you may find
that you are unable to achieve any benefit from your investment or
liquidate your shares without considerable delay, if at all. In addition,
if we fail to have our common stock quoted on a public trading market, your
common stock will not have a quantifiable value and it may be difficult, if
not impossible, to ever resell your shares, resulting in an inability to
realize any value from your investment.

YOU WILL INCUR IMMEDIATE AND SUBSTANTIAL DILUTION OF THE PRICE YOU PAY FOR YOUR
SHARES.

Our existing stockholder acquired his shares at a cost of $.005 per share,
a cost per share substantially less than that which you will pay for the
shares you purchase in this offering. Upon completion of this offering the
net tangible book value of the shares held by our existing stockholder
(2,000,000 shares) will be increased by $.008 per share without any
additional investment on his part. The purchasers of shares in this
offering will incur immediate dilution (a reduction in the net tangible
book value per share from the offering price of $.02 per share) of $.008
per share. As a result, after completion of the offering, the net tangible
book value of the shares held by purchasers in this offering would be $.012
per share, reflecting an immediate reduction in the $.02 price per share
they paid for their shares.

WE WILL BE HOLDING ALL THE PROCEEDS FROM THE OFFERING IN A STANDARD BANK
CHECKING ACCOUNT UNTIL ALL SHARES ARE SOLD. BECAUSE THE SHARES ARE NOT HELD IN
AN ESCROW OR TRUST ACCOUNT THERE IS A RISK YOUR MONEY WILL NOT BE RETURNED IF
ALL THE SHARES ARE NOT SOLD.

All funds received from the sale of shares in this offering will be
deposited into a standard bank checking account until all shares are sold
and the offering is closed, at which time, the proceeds will be transferred
to our business operating account. In the event all shares are not sold we
have committed to promptly return all funds to the original purchasers.
However since the funds will not be placed into an escrow, trust or other
similar account, there can be no guarantee that any third party creditor
who may obtain a judgment or lien against us would not satisfy the judgment

or lien by executing on the bank account where the offering proceeds are
being held, resulting in a loss of any investment you make in our
securities.

WE WILL INCUR ONGOING COSTS AND EXPENSES FOR SEC REPORTING AND COMPLIANCE.
WITHOUT REVENUE WE MAY NOT BE ABLE TO REMAIN IN COMPLIANCE, MAKING IT DIFFICULT
FOR INVESTORS TO SELL THEIR SHARES, IF AT ALL.

Our business plan allows for the payment of the estimated $5,200 cost of
this registration statement to be paid from existing cash on hand. We plan
to contact a market maker immediately following the close of the offering
and apply to have the shares quoted on the OTC Electronic Bulletin Board.
To be eligible for quotation, issuers must remain current in their filings
with the SEC. In order for us to remain in compliance we will require
future revenues to cover the cost of these filings, which could comprise a
substantial portion of our available cash resources. If we are unable to
generate sufficient revenues to remain in compliance it may be difficult
for you to resell any shares you may purchase, if at all.

MR. GELFAND, THE SOLE OFFICER AND A DIRECTOR OF THE COMPANY, BENEFICIALLY OWNS
100% OF THE OUTSTANDING SHARES OF OUR COMMON STOCK. AFTER THE COMPLETION OF THIS
OFFERING HE WILL OWN 50% OF THE OUTSTANDING SHARES. IF HE CHOOSES TO SELL HIS
SHARES IN THE FUTURE, IT MIGHT HAVE AN ADVERSE EFFECT ON THE PRICE OF OUR STOCK.

Due to the amount of Mr. Gelfand's share ownership in our company, if he
chooses to sell his shares in the public market, the market price of our
stock could decrease and all shareholders suffer a dilution of the value of
their stock. If he does sell any of his common stock, he will be subject to
Rule 144 under the 1933 Securities Act. Rule 144 restricts the ability of
our director or officer to sell his shares by limiting the sales of
securities during any three-month period to the greater of: (1) 1% of the
outstanding common stock of the issuer; or (2) the average weekly reported
trading volume in the outstanding common stock reported on all securities
exchanges during the four calendar weeks preceding the filing of the
required notice of the sale under Rule 144 with the SEC.

FORWARD LOOKING STATEMENTS

This prospectus contains forward-looking statements that involve risk and
uncertainties. We use words such as "anticipate", "believe", "plan", "expect",
"future", "intend", and similar expressions to identify such forward-looking
statements. Investors should be aware that all forward-looking statements
contained within this filing are good faith estimates of management as of the
date of this filing. Our actual results could differ materially from those
anticipated in these forward-looking statements for many reasons, including the
risks faced by us as described in the "Risk Factors" section and elsewhere in
this prospectus.

USE OF PROCEEDS

Assuming sale of all of the shares offered herein, of which there is no
assurance, the net proceeds from this Offering will be $40,000. The proceeds are
expected to be disbursed, in the priority set forth below, during the first
twelve (12) months after the successful completion of the Offering:

Total Proceeds to the Company $40,000

Phase One Exploration Program 25,200
Administration and Office Expense 3,500
Legal and Accounting 4,300
Working Capital 7,000
-------

Total Use of Net Proceeds $40,000
=======

We will establish a separate bank account and all proceeds will be deposited
into that account until the total amount of the offering is received and all
shares are sold, at which time the funds will be released to us for use in our
operations. In the event we do not sell all of the shares before the expiration
date of the offering, all funds will be returned promptly to the subscribers,
without interest or deduction. If necessary, Mr. Gelfand and Mr. Koshowski, our
directors, have verbally agreed to loan the company funds to complete the
registration process but we will require full funding to implement our complete
business plan.

DETERMINATION OF OFFERING PRICE

The offering price of the shares has been determined arbitrarily by us. The
price does not bear any relationship to our assets, book value, earnings, or
other established criteria for valuing a privately held company. In determining
the number of shares to be offered and the offering price, we took into
consideration our cash on hand and the amount of money we would need to
implement our business plans. Accordingly, the offering price should not be
considered an indication of the actual value of the securities.

DILUTION

Dilution represents the difference between the offering price and the net
tangible book value per share immediately after completion of this offering. Net
tangible book value is the amount that results from subtracting total
liabilities and intangible assets from total assets. Dilution arises mainly as a
result of our arbitrary determination of the offering price of the shares being
offered. Dilution of the value of the shares you purchase is also a result of
the lower book value of the shares held by our existing stockholder.

As of June 30, 2006, the net tangible book value of our shares was $9,570 or
$0.005 per share, based upon 2,000,000 shares outstanding.

Upon completion of this offering, but without taking into account any change in
the net tangible book value after completion of this offering other than that
resulting from the sale of the shares and receipt of the total proceeds of
$40,000, the net tangible book value of the 4,000,000 shares to be outstanding
will be $49,570, or approximately $.012 per share. Accordingly, the net tangible
book value of the shares held by our existing stockholder (2,000,000 shares)
will be increased by $.008 per share without any additional investment on his
part. The purchasers of shares in this offering will incur immediate dilution (a
reduction in the net tangible book value per share from the offering price of
$.02 per share) of $.008 per share. As a result, after completion of the
offering, the net tangible book value of the shares held by purchasers in this
offering would be $.012 per share, reflecting an immediate reduction in the $.02
price per share they paid for their shares.

After completion of the offering, the existing shareholder will own 50% of the
total number of shares then outstanding, for which he will have made an
investment of $10,000, or $.005 per share. Upon completion of the offering, the
purchasers of the shares offered hereby will own 50% of the total number of
shares then outstanding, for which they will have made a cash investment of
$40,000, or $.02 per Share.

The following table illustrates the per share dilution to the new investors:

Public Offering Price per Share $ .02
Net Tangible Book Value Prior to this Offering $ .005
Net Tangible Book Value After Offering $ .012
Immediate Dilution per Share to New Investors $ .008

The following table summarizes the number and percentage of shares purchased,
the amount and percentage of consideration paid and the average price per share
paid by our existing stockholder and by new investors in this offering:

Total
Price Number of Percent of Consideration
Per Share Shares Held Ownership Paid
--------- ----------- --------- ----
Existing
Stockholder $ .005 2,000,000 50% $10,000

Investors in
This Offering $ .02 2,000,000 50% $40,000

PLAN OF DISTRIBUTION

OFFERING WILL BE SOLD BY OUR OFFICER AND DIRECTOR

This is a self-underwritten offering. This Prospectus is part of a prospectus
that permits our officer and directors to sell the shares directly to the
public, with no commission or other remuneration payable to them for any shares
they may sell. There are no plans or arrangements to enter into any contracts or
agreements to sell the shares with a broker or dealer. Howard Gelfand, our
officer and a director, and Gordon Koshowski, a director, will sell the shares
and intend to offer them to friends, family members and business acquaintances.
In offering the securities on our behalf, they will rely on the safe harbor from
broker dealer registration set out in Rule 3a4-1 under the Securities Exchange
Act of 1934.

Our officer and directors will not register as a broker-dealer pursuant to
Section 15 of the Securities Exchange Act of 1934, in reliance upon Rule 3a4-1,
which sets forth those conditions under which a person associated with an Issuer
may participate in the offering of the Issuer's securities and not be deemed to
be a broker-dealer.

a. Our officer and directors are not subject to a statutory
disqualification, as that term is defined in Section 3(a)(39) of the
Act, at the time of their participation; and,

b. Our officer and directors will not be compensated in connection with
their participation by the payment of commissions or other
remuneration based either directly or indirectly on transactions in
securities; and

c. Our officer and directors are not, nor will they be at the time of
their participation in the offering, an associated person of a
broker-dealer; and

d. Our officer and directors meet the conditions of paragraph (a)(4)(ii)
of Rule 3a4-1 of the Exchange Act, in that they (A) primarily perform,
or are intended primarily to perform at the end of the offering,
substantial duties for or on behalf of our company, other than in
connection with transactions in securities; and (B) are not a broker
or dealer, or been an associated person of a broker or dealer, within
the preceding twelve months; and (C) have not participated in selling
and offering securities for any Issuer more than once every twelve
months other than in reliance on Paragraphs (a)(4)(i) or (a)(4)(iii).

Our officer, directors, control persons and affiliates of same do not intend to
purchase any shares in this offering.

TERMS OF THE OFFERING

The shares will be sold at the fixed price of $.02 per share until the
completion of this offering. There is no minimum amount of subscription required
per investor, and subscriptions, once received, are irrevocable.

This offering will commence on the date of this prospectus and continue for a
period of 180 days (the "Expiration Date"), unless extended by our Board of
Directors for an additional 90 days.

DEPOSIT OF OFFERING PROCEEDS

This is a "best efforts", "all or none" offering and, as such, we will not be
able to spend any of the proceeds unless all the shares are sold and all
proceeds are received. We intend to hold all funds collected from subscriptions
in a separate bank account until the total amount of $40,000 has been received.
At that time, the funds will be transferred to our business account for use in
the implementation of our business plan. In the event the offering is not sold
out prior to the Expiration Date, all money will be promptly returned to the
investors, without interest or deduction. We determined the use of the standard
bank account was the most efficient use of our current limited funds. Please see
the risk factor section to read the related risk to you as a purchaser of any
shares.

PROCEDURES AND REQUIREMENTS FOR SUBSCRIPTION

If you decide to subscribe for any shares in this offering, you will be required
to execute a Subscription Agreement and tender it, together with a check or bank
draft to us. Subscriptions, once received by the company, are irrevocable. All
checks for subscriptions should be made payable to Treasure Explorations Inc.

LEGAL PROCEEDINGS

We are not currently involved in any legal proceedings and we are not aware of
any pending or potential legal actions.

DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS

The officer and directors of Treasure Explorations Inc., whose one year terms
will expire on 07/01/07, or at such a time as their successor(s) shall be
elected and qualified are as follows:

Name & Address Age Position Date First Elected Term Expires
- -------------- --- -------- ------------------ ------------
Howard Gelfand 44 President, 5/31/06 07/01/07
#109 - 114 W Magnolia Secretary,
Suite 400 Treasurer,
Bellingham, WA 98225 CFO, CEO &
Director

Gordon Koshowski 47 Director 5/31/06 07/01/07
#109 - 114 W Magnolia
Suite 400
Bellingham, WA 98225

The foregoing persons are promoters of Treasure Explorations Inc., as that term
is defined in the rules and regulations promulgated under the Securities and
Exchange Act of 1933.

Directors are elected to serve until the next annual meeting of stockholders and
until their successors have been elected and qualified. Officers are appointed
to serve until the meeting of the board of directors following the next annual
meeting of stockholders and until their successors have been elected and
qualified.

Mr. Gelfand currently devotes 10 hours per week to company matters. After
receiving funding per our business plan Mr. Gelfand intends to devote as much
time as the board of directors deems necessary to manage the affairs of the
company. Mr. Koshowski currently devotes 2-3 hours per week to company matters.

No executive officer or director of the corporation has been the subject of any
order, judgment, or decree of any court of competent jurisdiction, or any
regulatory agency permanently or temporarily enjoining, barring, suspending or
otherwise limiting him or her from acting as an investment advisor, underwriter,
broker or dealer in the securities industry, or as an affiliated person,
director or employee of an investment company, bank, savings and loan
association, or insurance company or from engaging in or continuing any conduct
or practice in connection with any such activity or in connection with the
purchase or sale of any securities.

No executive officer or director of the corporation has been convicted in any
criminal proceeding (excluding traffic violations) or is the subject of a
criminal proceeding which is currently pending.

RESUMES

HOWARD GELFAND has been the President, CEO, Treasurer, CFO, Secretary and a
Director of the Company since inception. From 1978 to the present, he has been
employed by the Pacific Racing Association as a pari-mutuel teller in Vancouver,
BC, Canada. From March 2003 to March 2005 he was the Treasurer, CFO, Secretary
and a Director of Bliss Essentials Corp., a publicly-traded Nevada corporation,
engaged in the production of a line of all natural handmade soaps as well as the
retail/wholesale sales of those products based out of Burnaby, BC, Canada. He
has also worked in various capacities in the hospitality industry over a period
of approximately eight years.

He has taken various courses in Business Administration from Langara Community
College in Vancouver, BC, Canada. He holds several certificates in the
hospitality industry issued by the government of British Columbia and has also
taken the Advanced Guest Services Program sponsored by the BC and Yukon Hotels
Association and the Government of Canada.

GORDON KOSHOWSKI has been a Director of the Company since inception. From
December 2005 to the present he has been employed by City Fire Prevention
Services as a fire and safety sales consultant in Surrey, BC, Canada. From

August 2004 to December 2005 he was employed by Imperial Fire & Safety Ltd. as a
fire and safety sales consultant in Richmond, BC, Canada. From June 2000 to June
2003 he was self employed and worked on a contract basis in construction and
landscaping. He has also worked in various other management positions in the
transportation idunstry since 1977. From 2002 to present he has volunteered his
time at the Pacifica Treatment Center in Vancouver, BC, Canada assisting people
with alcohol dependencies.

Mr. Koshowski completed his ASTTBC Certification as a Fire & Safety Technician
from BCIT in Burnaby, BC, Canada in 2005. He has completed the Life Skills
Instructor Diploma program from Rhodes Career College in Vancouver, BC, Canada
in 2004. He also became a Certified Life Skills Coash from Rhodes Career College
in Vancouver, BC, Canada in 2003. He has also completed a number of courses and
seminars in accident and claims prevention for the transportation industry.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information on the ownership of Treasure
Explorations Inc. voting securities by officers, directors and major
shareholders as well as those who own beneficially more than five percent of our
common stock as of the date of this prospectus:

No. of No. of
Shares Shares Percentage of Ownership
Name and Address Before After Before After
Beneficial Owner (1) Offering Offering Offering Offering
- ---------------- -------- -------- -------- --------
Howard Gelfand 2,000,000 2,000,000 100% 50%

Gordon Koshowski 0 0 0% 0%

All Officers and
Directors as a Group 2,000,000 2,000,000 100% 50%

- ----------
(1) Each of the persons named may be deemed to be a "parent" and "promoter" of
the Company, within the meaning of such terms under the Securities Act of
1933, as amended.

DESCRIPTION OF SECURITIES

COMMON STOCK

The authorized capital stock of the Company consists of 75,000,000 shares of
Common Stock, par value $.001. The holders of common stock currently (i) have
equal ratable rights to dividends from funds legally available therefore, when,
as and if declared by the Board of Directors of the Company; (ii) are entitled
to share ratably in all of the assets of the Company available for distribution
to holders of common stock upon liquidation, dissolution or winding up of the

affairs of the Company; (iii) do not have preemptive, subscription or conversion
rights and there are no redemption or sinking fund provisions or rights
applicable thereto; and (iv) are entitled to one non-cumulative vote per share
on all matters on which stockholders may vote. All shares of common stock now
outstanding are fully paid for and non-assessable and all shares of common stock
which are the subject of this Offering, when issued, will be fully paid for and
non-assessable. Please refer to the Company's Articles of Incorporation, By-Laws
and the applicable statutes of the State of Nevada for a more complete
description of the rights and liabilities of holders of the Company's
securities.

NON-CUMULATIVE VOTING

The holders of shares of common stock of the Company do not have cumulative
voting rights, which means that the holders of more than 50% of such outstanding
shares, voting for the election of directors, can elect all of the directors to
be elected, if they so choose, and, in such event, the holders of the remaining
shares will not be able to elect any of the Company's directors. After this
Offering is completed, the present stockholder will own 50% of the outstanding
shares. (See "Principal Stockholders".)

CASH DIVIDENDS

As of the date of this prospectus, the Company has not declared or paid any cash
dividends to stockholders. The declaration or payment of any future cash
dividend will be at the discretion of the Board of Directors and will depend
upon the earnings, if any, capital requirements and financial position of the
Company, general economic conditions, and other pertinent factors. It is the
present intention of the Company not to declare or pay any cash dividends in the
foreseeable future, but rather to reinvest earnings, if any, in the Company's
business operations.

INTEREST OF NAMED EXPERTS AND COUNSEL

None of the below described experts or counsel have been hired on a contingent
basis and none of them will receive a direct or indirect interest in the
Company.

Our financial statements for the period from inception to the year ended June
30, 2006, included in this prospectus, have been audited by Chang G. Park, CPA,
Ph. D., 371 E Street, Chula Vista, CA 91910. We include the financial statements
in reliance on their reports, given upon their authority as experts in
accounting and auditing.

The Law Firm of Dan Masters, 4490 Philbrook Square, San Diego, CA 92130, has
passed upon the validity of the shares being offered and certain other legal
matters and is representing us in connection with this offering.

Alex Burton, Professional Mining Engineer and Consulting Geologist of Burton
Consulting Inc., 1408 Seventh Avenue, New Westminster, B.C. Canada V3M 2K3, has
provided us with the geology report contained herein.

DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION
FOR SECURITIES ACT LIABILITIES

Insofar as indemnification for liabilities arising under the Securities Act of
1933 (the "Act") may be permitted to directors, officers and controlling persons
of the small business issuer pursuant to the By-Laws of the company, or
otherwise, we have been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Act, and is, therefore unenforceable.

In the event that a claim for indemnification against such liabilities (other
than the payment of expenses incurred or paid by a director, officer or
controlling person in the successful defense of any action, suit or proceeding)
is asserted by such director, officer, or other control person in connection
with the securities being registered, we will, unless in the opinion of our
legal counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by
it, is against public policy as expressed in the Securities Act and will be
governed by the final adjudication of such issue.

ORGANIZATION WITHIN THE LAST FIVE YEARS

Treasure Explorations Inc. was incorporated in Nevada on May 31, 2006 to engage
in the business of acquisition, exploration and development of natural resource
properties. At that time Howard Gelfand was named sole officer and a director of
the company, and Gordon Koshowski was named a director. At that time the Board
of Directors voted to seek capital and begin development of our business plan.
We received our initial funding of $10,000 through the sale of common stock to
Mr. Gelfand who purchased 2,000,000 shares of our Common Stock at $0.005 per
share on May 31, 2006.

DESCRIPTION OF BUSINESS

We are an exploration stage company with no revenues and a limited operating
history. Our independent auditor has issued an audit opinion which includes a
statement expressing substantial doubt as to our ability to continue as a going
concern. The source of information contained in this discussion is our geology
report that has been included as Exhibit 99.2 to this prospectus.

There is the likelihood of our mineral claim containing little or no economic
mineralization or reserves of silver and other minerals. The Tulameen Mountain
Mineral Claim, consisting of 16 cells totaling an area of 830 acres, is the only
claim currently in the company's portfolio. If our claim does not contain any
reserves all funds that we spend on exploration will be lost. Even if we
complete our current exploration program and are successful in identifying a
mineral deposit we will be required to expend substantial funds on further
drilling and engineering studies before we will know if we have a commercially
viable mineral deposit or reserve.

GLOSSARY OF MINING TERMS

"Argillite" A fine-grained sedimentary rock composed predominately of
hard clay particles
"BCDM" British Columbia Department of Mines
"Carbonate" A salt of carbonic acid
"Chloritic" A salt of chlorous acid
"Clastic" Rocks formed from fragments of pre-existing rock
"Cretaceous" The Cretaceous period is one of the major divisions of
the geologic timescale, reaching from the end of the
Jurassic period, about 146 million years ago to the
beginning of the Paleocene epoch of the Tertiary period
"Eocene" The Eocene epoch (56-34 Ma) is a major division of the
geologic timescale and the second epoch of the Palaeogene
period in the Cenozoic era. The Eocene spans the time
from the end of the Paleocene epoch to the beginning of
the Oligocene epoch.
"Epigenetic" the study of the processes involved in the unfolding
development of an organism
"Felsic Dike" Felsic is a term used in geology to refer to silicate
minerals, magmas, and rocks which are enriched in the
lighter elements such as silica, oxygen, sodium, and
potassium. A dike is an intrusion into a cross-cutting
fissure, meaning a dike cuts across other pre-existing
layers or bodies of rock, this means that a dike is
always younger than the rocks that contain it.
"Fossiliferous" Fossil-containing rock formations and sedimentary layers
"Galena" A lead ore
"Geological mapping" The process of observing and measuring geological
features in a given area and plotting these features, to
scale, onto a map
"Gold" or "Au" A heavy, soft, yellow, ductile, malleable, metallic
element. Gold is a critical element in computer and
communications technologies
"Granodioritic" An intrusive igneous rock similar to granite, but
contains more plagioclase than potassium feldspar
"Hydrothermal" Hydrothermal circulation occurs most often in the
vicinity of sources of heat within the Earth's crust.
This generally occurs near volcanic activity, but can
occur in the deep crust related to the intrusion of
granite
"Marcasite" Sometimes called white iron pyrite, an iron sulfide
(FeS2). Marcasite is often mistakenly confused with
pyrite, but marcasite is lighter and more brittle.
"Mineral claim" A portion of land held either by a prospector or a mining
company, in British Columbia each claim is 500m x 500m
(1,640 ft2)
"MINFILE" A government data base detailing mineral occurrences in
BC
"Ore" A mixture of mineralized rock from which at least one of
the metals can be extracted at a profit

"Precious metal" Any of several metals, including gold and platinum, that
have high economic value - metals that are often used to
make coins or jewelry
"Pyrite" A yellow iron sulphide mineral - sometimes referred to as
"fools gold"
"Quartz" Common rock forming mineral consisting of silicon and
oxygen
"Sandstone" A sedimentary rock composed mainly of sand-size mineral
or rock grains
"Sedimentary rocks" Secondary rocks formed from material derived from other
rocks and laid down underwater.
"Siltstone" A sedimentary rock that is intermediate in grain size
between the coarser sandstone and the finer shale
"Silver" or "Ag" A soft white lustrous transition metal, it has the
highest electrical and thermal conductivity of any metal
and occurs in minerals and in free form.
"Soil sampling" The collecting of samples of soil, usually 2 pounds per
sample, from soil thought to be covering mineralized
rock. The samples are submitted to a laboratory that will
analyze them for mineral content
"Sphalerite" A zinc sulphide mineral; the most common ore mineral of
zinc
"Tertiary" One of the major divisions of the geologic timescale,
from the end of the Cretaceous period about 65 million
years ago to the start of the Quaternary period about 1.6
million years ago.
"Trenching" The digging of long, narrow excavation through soil, or
rock, to expose mineralization
"Tuff" A type of rock consisting of consolidated volcanic ash
ejected from vents during a volcanic eruption
"Vein" A crack in the rock that has been filled by minerals that
have traveled upwards from a deeper source
"Volcanic rocks" Igneous rocks formed from magma that has flowed out or
has been violently ejected from a volcano
"Wacke" A soft, earthy, dark-colored rock or clay derived from
the alteration of basalt.
"Zinc" or "Zn" A white metallic element

GENERAL INFORMATION

The one property in the Company's portfolio, on which the net proceeds of the
offering will be spent, is the Tulameen Mountain Mineral Claim, consisting of
336 hectares (830 acres), included within 16 Mineral Title Cells. The Tulameen
Mountain Mineral Claim was staked on May 26, 2006 using the British Columbia
Mineral Titles Online computer Internet system and was assigned Tenure No.
534417.

The Claim is located in the New Westminster, Similkameen Mining Division of
British Columbia, Canada. The project area is located approximately 87 miles
east of Vancouver and 14 miles east-northeast of Hope. A logging road up Dewdney
Creek provides access to the northeast corner of the mineral claim. The lower
part of the logging road is in good condition, but the remainder has several
poor sections. A four-wheel drive vehicle is required to travel the latter part
of the road. Much of the area has been logged. The City of Hope is the closest
major population center. Traveling via automobile the Treasure Claim is located
25 minutes by road to Hope. The terrain in the general area is rugged and ranges
in elevation from 2,953 feet in the Dewdney Creek on the northeast portion, to
over 5,906 feet on the southwest corner.

The general area of the Tulameen Mountain Mineral Claim was explored
intermittently from the late 1800's to the present times. Most of the
exploration and mining activity was concentrated on Treasure Mountain located to
the east of the Tulameen Mountain Mineral Claim. From the available history of
the Tulameen Mountain Mineral Claim area, it appears that the majority of the
claim has had no mineral exploration. The known mineralized occurrences are
located along the eastern edge of the mineral claim beside Dewdney Creek. We
have not carried out any exploration work on the claim and have incurred no
exploration costs. The future cost of exploration work on the property is
disclosed in detail in the Plan of Operation section of this prospectus.

There is not a plant or any equipment currently located on the property. It is
expected that the initial exploration phase will be supported by generators.
Water required for exploration and development of the claim is available from
Dewdney Creek.

A two-phase exploration program to evaluate the area is considered appropriate
and is recommended by the consulting geologist in his report. Phase 1 of the
work program will consist of geological mapping, soil sampling and rock
sampling. Contingent upon favorable results from Phase 1, Phase 2 work would
consist of a magnetometer survey and trenching.

The cost of the proposed program is $25,200 for the initial phase of exploration
work and $30,600 for the contingent second phase. We plan to commence Phase 1 of
the exploration program in the spring of 2007 if we are able to raise the
necessary funds from this offering.

The discussions contained herein are management's estimates based on information
provided by the consulting geologist who prepared the geology report for the
Tulameen Mountain project. Because we have not commenced our exploration program
we cannot provide a more detailed discussion of our plans if we find a viable
store of minerals on our property, as there is no guarantee that exploitable
mineralization will be found, the quantity or type of minerals if they are found
and the extraction process that will be required. We are also unable to assure
you we will be able to raise the additional funding to proceed with any
subsequent work on the claims if mineralization is found in Phases 1 and 2.

ACQUISITION OF THE MINERAL CLAIM

The Tulameen Mountain Mineral Claim is assigned Tenure Number 534417 and is
recorded in the name of our president, Howard Gelfand. The date of record is May
26, 2006 and the claim is in good standing to May 26, 2007.

REQUIREMENTS OR CONDITIONS FOR RETENTION OF TITLE

Title to the property has already been granted to our president, Howard Gelfand,
who holds the claim in trust for the Company. To obtain a Free Miner's
Certificate, which is required to hold a mining claim in British Columbia,
Section 8(1) of the B.C. Mineral Tenure Act (MTA) stipulates that a corporation
must be registered under the British Columbia Business Corporations Act. Section
8(2) of the MTA stipulates that an individual applicant must either be a
resident of Canada or be authorized to work in Canada. As the corporation is not
registered in British Columbia the claim is held in trust for the company by Mr.
Gelfand, a Canadian citizen. The Tulameen Mountain Mineral Claim was staked
using the British Columbia Mineral Titles Online computer Internet system.

All claims staked in British Columbia require $0.40 per hectare worth of
assessment work to be undertaken in year 1 through 3, followed by $0.80 per
hectare per year thereafter. For our claim this would require $134 in
exploration costs for year 1 through 3, and $269 per year thereafter. In order
to retain title to the property exploration work costs must be recorded and
filed with the British Columbia Department of Energy Mines and Petroleum
Resources ("BCDM").

LOCATION, ACCESS, CLIMATE, LOCAL RESOURCES & INFRASTRUCTURE

The mineral claim is accessible from the Coquihalla Highway at the Carolin Mine
turnoff, approximately 14-road miles northeast of Hope. From the highway
turnoff, another 8 miles is traveled along a logging road up Dewdney Creek. The
lower part of the logging road is in good condition, but the remainder has
several poor sections. A four-wheel drive vehicle is required to travel the
latter part of the road.

The Tulameen Mountain Mineral Claim is located within the Hozameen Range, which
is characterized by high, rugged mountains separated by narrow, deeply incised
valleys. The mineral claim is situated on the northwest flank of the Tulameen
Mountain. The terrain in the general area is rugged and ranges in elevation from
2,953 feet in the Dewdney Creek on the northeast portion, to over 5,906 feet on
the southwest corner. All of the property has been logged and is in various
stages of re-growth with cedar, fir, alder and maple trees. The bush varies from
dense second growth to clear-cut areas. Traverses on foot are difficult over
much of the area due to debris left as a result of forest thinning programs.

Snow normally covers the claims from the end of September to late June.

The city of Hope is the closest population centre. Amenities in Hope and the
surrounding area include police, hospitals, groceries, fuel, hardware and other
necessary items. Drilling companies are present in the area and assay facilities
are located in Vancouver.

[MAP SHOWING THE PROJECT LOCATION]

[MAP SHOWING THE CLAIM LOCATION]

HISTORY

The Blackjack showing is only known mineralized occurrence on the Tulameen
Mountain Mineral Claim. The Blackjack showing is first mentioned in the 1913
British Columbia Mines Annual Report. It is reported to have a vein structure
mineralized with small amounts of pyrite, marcasite, galena and sphalerite. The
main showing, located on the west side of the junction of Dewdney Creek, is
exposed in an opencut about 20 feet from the creek. The Blackjack Showing is
located on the northeast corner of the Tulameen Mountain Mineral Claim.

In the mid 1980's Silver Saddle Mines Limited, conducted prospecting and
geological mapping on the easterly adjoining and overlapping Argentum claim
(Gov. of B.C. Ministry of Energy, Mines and Petroleum Resources, Geological
Branch Assessment Report 14,714 and 17,117). On the Blackjack showing a 0.2
meter chip sample from a leached contact zone assayed 23.31 grams silver per

tonne (GOV. OF B.C. MINISTRY OF ENERGY, MINES AND PETROLEUM RESOURCES, MINFILE
NO. 092HSW046, DETAIL REPORT).

Previous work completed in the area is helpful as it provides some indication as
to the type, grades and location of minerals present in the area, though there
is no guarantee the previous work will result in any exploitable mineral
deposits on our claim.

GEOLOGICAL SETTING

The area is underlain by Lower-Middle Jurassic Dewdney Creek Formation (Ladner
Group) tuffaceous sediments comprised of volcanic sandstone, siltstone, wacke,
tuff, and argillite with interlayered fossiliferous limestone. These rocks are
separated from the Lower-Upper Cretaceous Pasayten Group sediments to the east,
by the major northwest trending Chuwanten fault.

The Blackjack showing is hosted by interbedded tuff, quartzite and argillite
which are crosscut by a coarse grained, black felsic dike trending between north
and north-northeast. The main showing, located on the west side of the junction
of Dewdney Creek, is exposed in an opencut about 20 feet from the creek.
Disseminated pyrite, galena and sphalerite occur in an oxidized band which
ranges from 10 to 12 inches in width, and consists of sheared and altered
wallrock.

Another showing, located about 547 yards south of the creek junction, occurs in
courser grained sediments. The same black, felsic dike crosscuts these bedded
sediments nearly at right angles. On both sides of the dike, which averages 20
feet in width, mineralization consists of disseminated galena and sphalerite.
The contacts are highly altered with oxidized and leached wallrock averaging 1
1/2 feet in width. In 1985, a 0.2 - meter sample from this leached zone assayed
23.31 grams per tonne silver (Assessment Report 14714). (Gov. of B.C. Ministry
of Energy, Mines and Petroleum Resources, MINFILE No. 092HSW046, Capsule
Geology).

A vein, stockwork type deposit similar to the nearby Treasure Mountain mine is
being explored for. The origin of the deposit is classified as hydrothermal and
epigenetic, with carbonate and chloritic alteration. The polymetallic veins
contain silver, lead, zinc and minor amounts of gold.

[MAP SHOWING THE REGIONAL GEOLOGY]

PROPERTY MINERALIZATION

The Blackjack showing is only known mineralized occurrence on the Tulameen
Mountain Mineral Claim. It is reported to have a vein structure mineralized with
small amounts of pyrite, marcasite, galena and sphalerite.

COMPETITION

We do not compete directly with anyone for the exploration or removal of
minerals from our property as we hold all interest and rights to the claim.
Readily available commodities markets exist in Canada and around the world for
the sale of silver and other minerals. Therefore, we will likely be able to sell
any silver or other minerals that we are able to recover.

We will be subject to competition and unforeseen limited sources of supplies in
the industry in the event spot shortages arise for supplies such as dynamite,
and certain equipment such as bulldozers and excavators that we will need to
conduct exploration. We have not yet attempted to locate or negotiate with any
suppliers of products, equipment or services and will not do so until funds are
received from this offering. If we are unsuccessful in securing the products,
equipment and services we need we may have to suspend our exploration plans
until we are able to do so.

BANKRUPTCY OR SIMILAR PROCEEDINGS

There has been no bankruptcy, receivership or similar proceeding.

REORGANIZATIONS, PURCHASE OR SALE OF ASSETS

There have been no material reclassifications, mergers, consolidations, or
purchase or sale of a significant amount of assets not in the ordinary course of
business.

COMPLIANCE WITH GOVERNMENT REGULATION

We will be required to comply with all regulations, rules and directives of
governmental authorities and agencies applicable to the exploration of minerals
in Canada generally, and in British Columbia specifically.

The initial steps of exploration can be carried out without permitting or
notification to any government body as it is deemed "low-disturbance/low-impact"
by the British Columbia Department of Energy Mines and Petroleum Resources
(BCDM).

With respect to the mechanized trenching or diamond drilling a plan of operation
will need to be filed with the BCDM. This plan will detail the extent, location
and amount of surface disturbance for the trenching and/or drilling. As the
amount of trenching and drilling (initially) will be limited, the permit should
be issued within 30 days. We will be required to obtain a refundable bond in the

amount of $2,000 - $4,000 (depending on the anticipated amount of disturbance).
The bond is to ensure that we reclaim or repair the disturbance caused by the
trenching and drilling. Usually this reclaiming work entails filling in and
smoothing the surface at trenching sites, clean up and removal of any work
material, and seeding native grass/plants at the site of any disturbance.

There will be costs for the crew and equipment required to fill in the trenches
etc., but as heavy equipment is available locally, and the amount of disturbance
is expected to be minimal, the costs will be most likely be less than $2,000.

All claims staked in British Columbia require $0.40 per hectare worth of
assessment work to be undertaken in year 1 through 3, followed by $0.80 per
hectare per year thereafter. In order to retain title to the property
exploration work costs must be recorded and filed with the British Columbia
Department of Energy Mines and Petroleum Resources ("BCDM").

PATENTS, TRADEMARKS, FRANCHISES, CONCESSIONS, ROYALTY AGREEMENTS, OR LABOR
CONTRACTS

We have no current plans for any registrations such as patents, trademarks,
copyrights, franchises, concessions, royalty agreements or labor contracts. We
will assess the need for any copyright, trademark or patent applications on an
ongoing basis.

NEED FOR GOVERNMENT APPROVAL FOR ITS PRODUCTS OR SERVICES

We are not required to apply for or have any government approval for our
products or services.

RESEARCH AND DEVELOPMENT COSTS DURING THE LAST TWO YEARS

We have not expended funds for research and development costs since inception.
We paid $2,100 US for the geology report and staking of the claim. The payment
was made subsequent to our June 30, 2006 audited financials.

EMPLOYEES AND EMPLOYMENT AGREEMENTS

Our only employee is our sole officer, Howard Gelfand. Mr. Gelfand currently
devotes 10 hours per week to company matters and after receiving funding he
plans to devote as much time as the board of directors determines is necessary
to manage the affairs of the company. There are no formal employment agreements
between the company and our current employee.

REPORTS TO SECURITIES HOLDERS

We provide an annual report that includes audited financial information to our
shareholders. We will make our financial information equally available to any
interested parties or investors through compliance with the disclosure rules of
Regulation S-B for a small business issuer under the Securities Exchange Act of
1934. We will become subject to disclosure filing requirements once our SB-2

registration statement becomes effective, including filing Form 10K-SB annually
and Form 10Q-SB quarterly. In addition, we will file Form 8K and other proxy and
information statements from time to time as required. We do not intend to
voluntarily file the above reports in the event that our obligation to file such
reports is suspended under the Exchange Act. The public may read and copy any
materials that we file with the Securities and Exchange Commission, ("SEC"), at
the SEC's Public Reference Room at 100 F Street NE, Washington, DC 20549. The
public may obtain information on the operation of the Public Reference Room by
calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site
(http://www.sec.gov) that contains reports, proxy and information statements,
and other information regarding issuers that file electronically with the SEC.

PLAN OF OPERATION

Our current cash balance is $9,985. We believe our cash balance is sufficient to
fund our limited levels of operations until March 2007. If we experience a
shortage of funds prior to funding we may utilize funds from our directors, who
have informally agreed to advance funds to allow us to pay for offering costs,
filing fees, and professional fees, however they have no formal commitment,
arrangement or legal obligation to advance or loan funds to the company. In
order to achieve our business plan goals, we will need the funding from this
offering. We are an exploration stage company and have generated no revenue to
date. We have sold $10,000 in equity securities to pay for our minimum level of
operations.

Our auditor has issued a going concern opinion. This means that there is
substantial doubt that we can continue as an on-going business for the next
twelve months unless we obtain additional capital to pay our bills. This is
because we have not generated revenues and no revenues are anticipated until we
begin removing and selling minerals. There is no assurance we will ever reach
that point.

Our exploration target is to find exploitable minerals on our property. Our
success depends on achieving that target. There is the likelihood of our mineral
claim containing little or no economic mineralization or reserves of silver and
other minerals. There is the possibility that our claim does not contain any
reserves and funds that we spend on exploration will be lost. Even if we
complete our current exploration program and are successful in identifying a
mineral deposit we will be required to expend substantial funds to bring our
claim to production. We are unable to assure you we will be able to raise the
additional funds necessary to implement any future exploration or extraction
program even if mineralization is found.

Our plan of operation for the twelve months following the date of this
prospectus is to complete the first phase of the exploration program on our
claim consisting of geological mapping, soil sampling and rock sampling. In
addition to the $25,200 we anticipate spending for Phase 1 of the exploration
program as outlined below, we anticipate spending an additional $24,800 on
professional fees, including fees payable in connection with the filing of this
registration statement and complying with reporting obligations, and general
administrative costs. Total expenditures over the next 12 months are therefore
expected to be approximately $50,000, which is the amount to be raised in this

offering and our cash on hand. We will require the funds from this offering to
proceed.

The following work program has been recommended by the consulting geologist who
prepared the geology report for the Treasure project.

Phase 1 of the work program will consist of geological mapping, soil sampling
and rock sampling.

PHASE 1 BUDGET

Geologist 12 days @ $700/day $ 8,400
Technologist 12 days @ $300/day $ 3,600
Vehicle 12 days @ $100/day $ 1,200
Rock Samples 20 @ $50 each $ 1,000
Soil Samples 100 @ $40 each $ 4,000
Expenses, food, field supplies $ 4,000
Report $ 3,000
-------
TOTAL (US DOLLARS) $25,200
=======

Contingent upon favorable results from Phase 1, the following Phase 2 work
program is recommended. Phase 2 will consist of a magnetometer survey and
trenching.

PHASE 2 BUDGET

Bond $ 5,000
Geologist 6 days @ $700/day $ 4,200
Technologist 6 days @ $300/day $ 1,800
Vehicle 6 days @ $100/day $ 600
Magnetometer Survey $ 5,000
Excavator 2 days @ $1500/day $ 3,000
Rock Samples 100 @ $50 each $ 5,000
Expenses, food, field supplies $ 3,000
Report $ 3,000
-------
TOTAL (US DOLLARS) $30,600
=======

If we are successful in raising the funds from this offering we plan to commence
Phase 1 of the exploration program on the claim in the spring of 2007 or as soon
as weather conditions permit. We expect this phase to take 12 days to complete
and an additional one to two months for the consulting geologist to receive the
results from the assay lab and prepare his report.

The above program costs are management's estimates based upon the
recommendations of the professional consulting geologist's report and the actual
project costs may exceed our estimates. To date, we have not commenced
exploration.

Following phase one of the exploration program, if it proves successful in
identifying mineral deposits, we intend to proceed with phase two of our
exploration program if we are able to raise the funds necessary. The estimated
cost of this program is $30,600 and will take approximately 6 days to complete
and an additional one to two months for the consulting geologist to receive the
results from the assay lab and prepare his report.

Subject to financing, we anticipate commencing the second phase of our
exploration program in fall 2007. We have a verbal agreement with Alex Burton,
the consulting geologist and mining engineer who prepared the geology report on
our claim, to retain his services for our planned exploration program. We will
require additional funding to proceed with Phase two and any subsequent work on
the claim, we have no current plans on how to raise the additional funding. We
cannot provide investors with any assurance that we will be able to raise
sufficient funds to proceed with any work after the first phase of the
exploration program.

OFF-BALANCE SHEET ARRANGEMENTS

We do not have any off-balance sheet arrangements that have or are reasonably
likely to have a current or future effect on our financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is material to investors.

LIMITED OPERATING HISTORY; NEED FOR ADDITIONAL CAPITAL

There is no historical financial information about us on which to base an
evaluation of our performance. We are an exploration stage company and have not
generated revenues from operations. We cannot guarantee we will be successful in
our business operations. Our business is subject to risks inherent in the
establishment of a new business enterprise, including limited capital resources,
possible delays in the exploration of our property, and possible cost overruns
due to increases in the cost of services.

To become profitable and competitive, we must conduct the exploration of our
properties before we start into production of any minerals we may find. We are
seeking funding from this offering to provide the capital required for the first
phase of our exploration program. We believe that the funds from this offering
will allow us to operate for one year.

We have no assurance that future financing will materialize. If that financing
is not available to us for the second phase of our exploration program we may be
unable to continue.

LIQUIDITY AND CAPITAL RESOURCES

To meet our need for cash we are attempting to raise money from this offering.
We cannot guarantee that we will be able to sell all the shares required. If we
are successful any money raised will be applied to the items set forth in the
Use of Proceeds section of this prospectus. If the first phase of our

exploration program is successful in identifying mineral deposits we will
attempt to raise the necessary funds to proceed with phase two and any
subsequent drilling and extraction. The sources of funding we may consider to
fund this work include a second public offering, a private placement of our
securities or loans from our directors or others.

Our directors have agreed to advance funds as needed until the offering is
completed or failed and has agreed to pay the cost of reclamation of the
property should exploitable minerals not be found and we abandon the second
phase of our exploration program and there are no remaining funds in the
company. While they have agreed to advance the funds, the agreement is verbal
and is unenforceable as a matter of law.

The one property in the Company's portfolio, on which the net proceeds of the
offering will be spent, is the Tulameen Mountain Mineral Claim, consisting of
336 hectares (830 acres), included within 16 Mineral Title Cells. We have not
carried out any exploration work on the claim and have incurred no exploration
costs.

We received our initial funding of $10,000 through the sale of common stock to
Mr. Gelfand, our officer and a director, who purchased 2,000,000 shares of our
common stock at $0.005 per share on May 31, 2006. From inception until the date
of this filing we have had no operating activities. Our financial statements
from inception (May 31, 2006) through the year ended June 30, 2006 report no
revenues and a net loss of $430.

CRITICAL ACCOUNTING POLICIES

BASIS OF ACCOUNTING

The Company's financial statements are prepared using the accrual method of
accounting. The Company has elected an June 30, year-end.

BASIC EARNINGS (LOSS) PER SHARE

In February 1997, the FASB issued SFAS No. 128, "Earnings Per Share", which
specifies the computation, presentation and disclosure requirements for earnings
(loss) per share for entities with publicly held common stock. SFAS No. 128
supersedes the provisions of APB No. 15, and requires the presentation of basic
earnings (loss) per share and diluted earnings (loss) per share. The Company has
adopted the provisions of SFAS No. 128 effective April 14, 2006 (date of
inception).

Basic net earnings (loss) per share amounts are computed by dividing the net
earnings (loss) by the weighted average number of common shares outstanding.
Diluted earnings (loss) per share are the same as basic earnings (loss) per
share due to the lack of dilutive items in the Company.

CASH EQUIVALENTS

The Company considers all highly liquid investments purchased with an original
maturity of three months or less to be cash equivalents.

USE OF ESTIMATES AND ASSUMPTIONS

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates. In accordance with FASB 16 all
adjustments are normal and recurring.

INCOME TAXES

Income taxes are provided in accordance with Statement of Financial Accounting
Standards No. 109 (SFAS 109), Accounting for Income Taxes. A deferred tax asset
or liability is recorded for all temporary differences between financial and tax
reporting and net operating loss carryforwards. Deferred tax expense (benefit)
results from the net change during the year of deferred tax assets and
liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management, it is more likely than not that some portion of all of the deferred
tax assets will be realized. Deferred tax assets and liabilities are adjusted
for the effects of changes in tax laws and rates on the date of enactment.

RECENT ACCOUNTING PRONOUNCEMENTS

In December 2004, the FASB issued SFAS No. 123 (revised 2004), "Share-Based
Payment." SFAS No. 123R replaced SFAS No. 123 and superseded Accounting
Principles Board Opinion No. 25. SFAS No. 123R will require compensation costs
related to share-based payment transactions to be recognized in the financial
statements. The effective date of SFAS No. 123R is the first reporting period
beginning after December 15, 2005. The adoption of SFAS No. 123 (revised 2004)
should not have a significant impact on the Company's financial position or
results of operations until such time the Company has share-based payments. The
Company will adopt the provisions of SFAS No. 123R at that time.

eliminates this exception and replaces it with an exception of exchanges of
nonmonetary assets that do not have commercial substance. SFAS No. 153 became
effective for our Company as of July 1, 2005. The Company will apply the
requirements of SFAS No. 153 on any future nonmonetary exchange transactions.

In March 2005, the FASB issued FASB Interpretation ("FIN") No. 47 "Accounting
For Conditional Asset Retirement Obligations--An Interpretation Of FASB
Statement No. 143" ("FIN No. 47"). FIN No. 47 clarifies the timing of liability
recognition for legal obligations associated with the retirement of a tangible
long-lived asset when the timing and/or method of settlement are conditional on
a future event. FIN No. 47 is effective for us no later than December 31, 2005.
We do not expect that the adoption of FIN No. 47 will have a material impact on
our financial condition or results of operations.

FIN No. 47 is effective for the Company no later than December 31, 2005. The
Company does not expect that the adoption of FIN No. 47 will have a material
impact on its financial condition or results of operations.

In May 2005, the FASB issued SFAS No. 154, "Accounting Changes And Error
Corrections, A Replacement Of APB No. 20 And FASB Statement No. 3" ("SFAS No.
154"). SFAS No. 154 requires retrospective application to prior periods'
financial statements of a voluntary change in accounting principle unless it is
impracticable. APB Opinion No. 20 "Accounting Changes," previously required that
most voluntary changes in accounting principle be recognized by including in net
income of the period of the change the cumulative effect of changing to the new
accounting principle. This statement is effective for our Company as of January
1, 2006. The Company does not believe that the adoption of SFAS No. 154 will
have a material impact on our financial statements.

This statement is effective for the Company as of January 1, 2006. The Company
does not believe that the adoption of SFAS No. 154 will have a material impact
on its financial statements.

DESCRIPTION OF PROPERTY

We do not currently own any property. We lease shared office facilities at #109,
114 West Magnolia Street, Suite 400, Bellingham, Washington, 98225 and currently
pay approximately $60 per month. The facilities include answering services, fax
services, secretarial services, reception area and shared office and boardroom
meeting facilities which are all available on a pay per use basis. Management
believes the current premises are sufficient for its needs at this time.

We currently have no investment policies as they pertain to real estate, real
estate interests or real estate mortgages.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Mr. Gelfand and Mr. Koshowski will not be paid for any underwriting services
that they perform on our behalf with respect to this offering. They will also
not receive any interest on any funds that they may advance to us for expenses

incurred prior to the offering being closed. Any funds loaned will be repaid
from the proceeds of the offering.

On May 31, 2006, a total of 2,000,000 shares of Common Stock were issued to Mr.
Gelfand in exchange for $10,000 US, or $.005 per share. All of such shares are
"restricted" securities, as that term is defined by the Securities Act of 1933,
as amended, and are held by an officer and director of the Company. (See
"Principal Stockholders".)

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

We plan to contact a market maker immediately following the completion of the
offering and apply to have the shares quoted on the OTC Electronic Bulletin
Board (OTCBB). The OTCBB is a regulated quotation service that displays
real-time quotes, last sale prices and volume information in over-the-counter
(OTC) securities. The OTCBB is not an issuer listing service, market or
exchange. Although the OTCBB does not have any listing requirements per se, to
be eligible for quotation on the OTCBB, issuers must remain current in their
filings with the SEC or applicable regulatory authority. Market Makers are not
permitted to begin quotation of a security whose issuer does not meet this
filing requirement. Securities already quoted on the OTCBB that become
delinquent in their required filings will be removed following a 30 or 60 day
grace period if they do not make their required filing during that time. We
cannot guarantee that our application will be accepted or approved and our stock
listed and quoted for sale. As of the date of this filing, there have been no
discussions or understandings between Treasure Explorations Inc.; nor, anyone
acting on our behalf with any market maker regarding participation in a future
trading market for our securities.

As of the date of this filing, there is no public market for our securities.
There has been no public trading of our securities, and, therefore, no high and
low bid pricing. As of the date of this prospectus Treasure Explorations Inc.
had one shareholder of record. We have paid no cash dividends and have no
outstanding options.

PENNY STOCK RULES

The Securities and Exchange Commission has also adopted rules that regulate
broker-dealer practices in connection with transactions in penny stocks. Penny
stocks are generally equity securities with a price of less than $5.00 (other
than securities registered on certain national securities exchanges or quoted on
the Nasdaq system, provided that current price and volume information with
respect to transactions in such securities is provided by the exchange or
system).

A purchaser is purchasing penny stock which limits the ability to sell the
stock. The shares offered by this prospectus constitute penny stock under the
Securities and Exchange Act. The shares will remain penny stocks for the
foreseeable future. The classification of penny stock makes it more difficult
for a broker-dealer to sell the stock into a secondary market, which makes it
more difficult for a purchaser to liquidate his/her investment. Any
broker-dealer engaged by the purchaser for the purpose of selling his or her

shares in us will be subject to Rules 15g-1 through 15g-10 of the Securities and
Exchange Act. Rather than creating a need to comply with those rules, some
broker-dealers will refuse to attempt to sell penny stock.

The penny stock rules require a broker-dealer, prior to a transaction in a penny
stock not otherwise exempt from those rules, to deliver a standardized risk
disclosure document, which:

- contains a description of the nature and level of risk in the market
for penny stock in both public offerings and secondary trading;

- contains a description of the broker's or dealer's duties to the
customer and of the rights and remedies available to the customer with
respect to a violation of such duties or other requirements of the
Securities Act of 1934, as amended;

- contains a brief, clear, narrative description of a dealer market,
including "bid" and "ask" price for the penny stock and the
significance of the spread between the bid and ask price;

- contains a toll-free telephone number for inquiries on disciplinary
actions;

- defines significant terms in the disclosure document or in the conduct
of trading penny stocks; and

- contains such other information and is in such form (including
language, type, size and format) as the Securities and Exchange
Commission shall require by rule or regulation;

The broker-dealer also must provide, prior to effecting any transaction in a
penny stock, to the customer:

- the bid and offer quotations for the penny stock;

- the compensation of the broker-dealer and its salesperson in the
transaction;

- the number of shares to which such bid and ask prices apply, or other
comparable information relating to the depth and liquidity of the
market for such stock; and

- monthly account statements showing the market value of each penny
stock held in the customer's account.

In addition, the penny stock rules require that prior to a transaction in a
penny stock not otherwise exempt from those rules; the broker-dealer must make a
special written determination that the penny stock is a suitable investment for
the purchaser and receive the purchaser's written acknowledgment of the receipt
of a risk disclosure statement, a written agreement to transactions involving
penny stocks, and a signed and dated copy of a written suitability statement.
These disclosure requirements will have the effect of reducing the trading

activity in the secondary market for our stock because it will be subject to
these penny stock rules. Therefore, stockholders may have difficulty selling
their securities.

REGULATION M

Our officer and director, who will offer and sell the shares, is aware that he
is required to comply with the provisions of Regulation M, promulgated under the
Securities Exchange Act of 1934, as amended. With certain exceptions, Regulation
M precludes the officer and director, sales agent, any broker-dealer or other
person who participate in the distribution of shares in this offering from
bidding for or purchasing, or attempting to induce any person to bid for or
purchase any security which is the subject of the distribution until the entire
distribution is complete.

REPORTS

We will become subject to certain filing requirements and will furnish annual
financial reports to our stockholders, certified by our independent accountant,
and will furnish un-audited quarterly financial reports in our quarterly reports
filed electronically with the SEC. All reports and information filed by us can
be found at the SEC website, www.sec.gov.

EXECUTIVE COMPENSATION

Our current officer receives no compensation. The current Board of Directors is
comprised of Mr. Gelfand and Mr. Koshowski.

Summary Compensation Table

Other
Name & Annual Restricted All Other
Principal Compen- Stock Options LTIP Compen-
Position Year Salary($) Bonus($) sation($) Award(s)($) SARs(#) Payouts($) sation($)
- -------- ---- --------- -------- --------- ----------- ------- ---------- ---------

H Gelfand 2006 -0- -0- -0- -0- -0- -0- -0-
President

G Koshowski
Director 2006 -0- -0- -0- -0- -0- -0- -0-

There are no current employment agreements between the company and its executive
officer.

On May 31, 2006, a total of 2,000,000 shares of common stock were issued to Mr.
Gelfand in exchange for cash in the amount of $10,000 U.S., or $.005 per share.

The terms of these stock issuances were as fair to the company, in the opinion
of the board of directors, as could have been made with an unaffiliated third
party.

Mr. Gelfand currently devotes approximately 10 hours per week to manage the
affairs of the company. Mr. Koshowski currently devotes 2-3 hours per week to
the company. Mr. Gelfand has agreed to work with no remuneration until such time
as the company receives sufficient revenues necessary to provide management
salaries. At this time, we cannot accurately estimate when sufficient revenues
will occur to implement this compensation, or what the amount of the
compensation will be.

There are no annuity, pension or retirement benefits proposed to be paid to
officers, directors or employees in the event of retirement at normal retirement
date pursuant to any presently existing plan provided or contributed to by the
company or any of its subsidiaries, if any.

FINANCIAL STATEMENTS

The financial statements of Treasure Explorations Inc. for the year ended June
30, 2006, and related notes, included in this prospectus have been audited by
Chang G. Park, CPA, and have been so included in reliance upon the opinion of
such accountants given upon their authority as an expert in auditing and
accounting.

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON FINANCIAL DISCLOSURE

None.

Chang G. Park, CPA, Ph. D.
* 371 E STREET * CHULA VISTA * CALIFORNIA 91910-2615o
* TELEPHONE (858) 722-5953 * FAX (858) 408-2695 * FAX (619) 422-1465
* E-MAIL changgpark@gmail.com *

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders
Treasure Explorations Inc.

We have audited the accompanying balance sheet of Treasure Explorations Inc. as
of June 30, 2006 and the related statements of operation, changes in
shareholders' equity and cash flows for the one month period from May 31, 2006
(inception) to June 30, 2006. These financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion on
these financial statements based on our audit.

We conducted our audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Treasure Explorations Inc. as
of June 30, 2006, and the results of its operation and its cash flows for the
one month period from May 31, 2006 (inception) to June 30, 2006 in conformity
with U.S. generally accepted accounting principles.

The financial statements have been prepared assuming that the Company will
continue as a going concern. As discussed in Note 3 to the financial statements,
the Company's losses from operations raise substantial doubt about its ability
to continue as a going concern. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.

/s/ Chang G. Park, CPA
- ------------------------------
CHANG G. PARK, CPA

August 1, 2006
Chula Vista, CA. 91910

Member of the California Society of Certified Public Accountants
Registered with the Public Company Accounting Oversight Board

F-1

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Balance Sheet
- --------------------------------------------------------------------------------

As of
June 30,
2006
-------
ASSETS

CURRENT ASSETS
Cash $ 9,985
-------
TOTAL CURRENT ASSETS 9,985
-------

TOTAL ASSETS $ 9,985
=======

LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts Payable $ 415
-------
TOTAL CURRENT LIABILITIES 415
-------

TOTAL LIABILITIES 415
-------

STOCKHOLDERS' EQUITY
Common stock, ($0.001 par value, 75,000,000 shares
authorized; 1,000,000 shares issued and outstanding
as of June 30, 2006 2,000
Additional paid-in capital 8,000
Deficit accumulated during exploration stage (430)
-------
TOTAL STOCKHOLDERS' EQUITY 9,570
-------
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 9,985
=======

See Notes to Financial Statements

F-2

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Statement of Operations
- --------------------------------------------------------------------------------

May 31, 2006
(inception)
through
June 30,
2006
-----------
REVENUES
Revenues $ --
-----------
TOTAL REVENUES --
-----------

GENERAL & ADMINISTRATIVE EXPENSES 430
-----------
TOTAL GENERAL & ADMINISTRATIVE EXPENSES (430)
-----------

NET INCOME (LOSS) $ (430)
===========

BASIC EARNING (LOSS) PER SHARE $ (0.00)
===========
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING 1,000,000
===========

See Notes to Financial Statements

F-3

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Statement of Changes in Stockholders' Equity
From May 31, 2006 (Inception) through June 30, 2006
- --------------------------------------------------------------------------------

Deficit
Accumulated
Common Additional During
Common Stock Paid-in Exploration
Stock Amount Capital Stage Total
----- ------ ------- ----- -----

BALANCE, MAY 31, 2006 -- $ -- $ -- $ -- $ --

Stock issued for cash on May 31, 2006
@ $0.005 per share 2,000,000 2,000 8,000 10,000

Net loss, June 30, 2006 (430) (430)
---------- ------- ------ ------- -------

BALANCE, JUNE 30, 2006 2,000,000 $ 2,000 $8,000 $ (430) $ 9,570
========== ======= ====== ======= =======

See Notes to Financial Statements

F-4

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Statement of Cash Flows
- --------------------------------------------------------------------------------

May 31, 2006
(inception)
through
June 30,
2006
--------

CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) $ (430)
Adjustments to reconcile net loss to net cash
provided by (used in) operating activities:
Changes in operating assets and liabilities:
Accounts Payable 415
--------
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (15)

CASH FLOWS FROM INVESTING ACTIVITIES

NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES --

CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock 2,000
Additional paid-in capital 8,000
--------
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 10,000
--------

NET INCREASE (DECREASE) IN CASH 9,985

CASH AT BEGINNING OF PERIOD --
--------
CASH AT END OF YEAR $ 9,985
========
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid during year for:
Interest $ --
========
Income Taxes $ --
========

See Notes to Financial Statements

F-5

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2006

NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

Treasure Explorations Inc. (the Company) was incorporated under the laws of the
State of Nevada on May 31, 2006. The Company was formed to engage in the
acquisition, exploration and development of natural resource properties.

The Company is in the exploration stage. Its activities to date have been
limited to capital formation, organization and development of its business plan.
The Company has not commenced operations.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF ACCOUNTING

The Company's financial statements are prepared using the accrual method of
accounting. The Company has elected a June 30, year-end.

BASIC EARNINGS (LOSS) PER SHARE

Basic net earnings (loss) per share amounts is computed by dividing the net
earnings (loss) by the weighted average number of common shares outstanding.
Diluted earnings (loss) per share are the same as basic earnings (loss) per
share due to the lack of dilutive items in the Company.

CASH EQUIVALENTS

The Company considers all highly liquid investments purchased with an original
maturity of three months or less to be cash equivalents.

USE OF ESTIMATES AND ASSUMPTIONS

INCOME TAXES

Income taxes are provided in accordance with Statement of Financial Accounting
Standards No. 109 (SFAS 109), "Accounting for Income Taxes". A deferred tax
asset or liability is recorded for all temporary differences between financial
and tax reporting and net operating loss carryforwards. Deferred tax expense
(benefit) results from the net change during the year of deferred tax assets and
liabilities.

F-6

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2006

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

RECENT ACCOUNTING PRONOUNCEMENTS

In December 2004, the FASB issued SFAS No. 153, "Exchanges OF Nonmonetary
Assets, an Amendment of APB Opinion No. 29" ("SFAS No. 153"). SFAS No. 153 is
based on the principle that exchanges of nonmonetary assets should be measured
based on the fair value of the assets exchanged. APB Opinion No. 29, "Accounting
for Nonmonetary Transactions," provided an exception to its basic measurement
principle (fair value) for exchanges of similar productive assets. Under APB
Opinion No. 29, an exchange of a productive asset for a similar productive asset
was based on the recorded amount of the asset relinquished. SFAS No. 153
eliminates this exception and replaces it with an exception of exchanges of
nonmonetary assets that do not have commercial substance. SFAS No. 153 became
effective for our Company as of July 1, 2005. The Company will apply the
requirements of SFAS No. 153 on any future nonmonetary exchange transactions.

This statement is effective for the Company as of January 1, 2006. The Company
does not believe that the adoption of SFAS No. 154 will have a material impact
on its financial statements.

F-7

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2006

NOTE 3. GOING CONCERN

The accompanying financial statements are presented on a going concern basis.
The Company had no operations during the period from May 31, 2006 (date of
inception) to June 30, 2006 and generated a net loss of $430. This condition
raises substantial doubt about the Company's ability to continue as a going
concern. Because the Company is currently in the exploration stage and has
minimal expenses, management believes that the company's current cash of $9,985
is sufficient to cover the expenses they will incur during the next twelve
months in a limited operations scenario or until they raise additional funding.

Management plans to raise additional funds through debt or equity offerings.
Management's current plan includes a SB-2 registration statement with the U.S.
Securities and Exchange Commission of 2,000,000 shares for sale at $.02 per
share to raise capital of $40,000 to implement their business plan. There is no
guarantee that the Company will be able to raise any capital through this or any
other offerings.

NOTE 4. WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of
common.

NOTE 5. RELATED PARTY TRANSACTIONS

The officers and directors of the Company may, in the future, become involved in
other business opportunities as they become available, they may face a conflict
in selecting between the Company and their other business opportunities. The
Company has not formulated a policy for the resolution of such conflicts.

Howard Gelfand and Gordon Koshowski, officers and directors of the Company, will
not be paid for any underwriting services that they perform on behalf of the
Company with respect to the Company's upcoming SB-2 offering. They will also not
receive any interest on any funds that they advance to the Company for offering
expenses prior to the offering being closed which will be repaid from the
proceeds of the offering.

NOTE 6. INCOME TAXES

As of June 30, 2006
-------------------
Deferred tax assets:
Net operating tax carryforwards $ 430
Tax rate 34%
-------
Gross deferred tax assets 146
Valuation allowance (146)
-------

Net deferred tax assets $ 0
=======

Realization of deferred tax assets is dependent upon sufficient future taxable
income during the period that deductible temporary differences and carryforwards
are expected to be available to reduce taxable income. As the achievement of
required future taxable income is uncertain, the Company recorded a valuation
allowance.

F-8

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2006

NOTE 7. NET OPERATING LOSSES

As of June 30, 2006, the Company has a net operating loss carryforwards of
approximately $430. Net operating loss carryforward expires twenty years from
the date the loss was incurred.

NOTE 8. STOCK TRANSACTIONS

Transactions, other than employees' stock issuance, are in accordance with
paragraph 8 of SFAS 123. Thus issuances shall be accounted for based on the fair
value of the consideration received. Transactions with employees' stock issuance
are in accordance with paragraphs (16-44) of SFAS 123. These issuances shall be
accounted for based on the fair value of the consideration received or the fair
value of the equity instruments issued, or whichever is more readily
determinable.

On May 31, 2006, the Company issued a total of 2,000,000 shares of common stock
to one director for cash in the amount of $0.005 per share for a total of
$10,000.

As of June 30, 2006 the Company had 2,000,000 shares of common stock issued and
outstanding.

NOTE 9. STOCKHOLDERS' EQUITY

The stockholders' equity section of the Company contains the following classes
of capital stock as of June 30, 2006:

Common stock, $ 0.001 par value: 75,000,000 shares authorized; 2,000,000 shares
issued and outstanding.

F-9

Dealer Prospectus Delivery Obligation

"UNTIL ______________, ALL DEALERS THAT EFFECT TRANSACTIONS IN THESE SECURITIES,
WHETHER OR NOT PARTICIPATING IN THIS OFFERING, MAY BE REQUIRED TO DELIVER A
PROSPECTUS. THIS IS IN ADDITION TO THE DEALERS' OBLIGATION TO DELIVER A
PROSPECTUS WHEN ACTING AS UNDERWRITERS AND WITH RESPECT TO THEIR UNSOLD
ALLOTMENTS OR SUBSCRIPTIONS."

PART II
INFORMATION NOT REQUIRED IN THE PROSPECTUS

INDEMNIFICATION OF DIRECTORS AND OFFICERS

Treasure Exploration Inc.'s By-Laws allow for the indemnification of the
officers and directors in regard to their carrying out the duties of their
offices. The board of directors will make determination regarding the
indemnification of the director, officer or employee as is proper under the
circumstances if he/she has met the applicable standard of conduct set forth in
the Nevada General Corporation Law.

Section 78.751 of the Nevada Business Corporation Act provides that each
corporation shall have the following powers:

"1. A corporation may indemnify any person who was or is a party or is
threatened to be made a party to any threatened, pending or completed action,
suit or proceeding, whether civil, criminal, administrative or investigative,
except an action by or in the right of the corporation, by reason of any fact
that he is or was a director, officer, employee or agent of the corporation, or
is or was serving at the request of the corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or
other enterprise, against expenses, including attorneys fees, judgments, fines
and amounts paid in settlement actually and reasonably incurred by him in
connection with the action, suit or proceeding if he acted in good faith and in
a manner which he reasonably believed to be in or not opposed to the best
interests of the corporation, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his conduct was unlawful. The
termination of any action, suit or proceeding by judgment, order, settlement,
conviction, or upon a pleas of nolo contendere or its equivalent, does not, of
itself, create a presumption that the person did not act in good faith and in a
manner which he reasonably believed to be in or not opposed to the best
interests of the corporation, and that, with respect to any criminal action or
proceeding, he had a reasonable cause to believe that his conduct was unlawful.

2. A corporation may indemnify any person who was or is a party or is threatened
to be made a party to any threatened, pending or completed action or suit by or
in the right of the corporation to procure a judgment in its favor by reason of
the fact that he is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise against expenses, including amounts paid in
settlement and attorneys fees actually and reasonably incurred by him in
connection with the defense or settlement of the action or suit if he acted in
good faith and in a manner which he reasonably believed to be in or not opposed
to the best interests of the corporation. Indemnification may not be made for
any claim, issue or matter as to which such a person has been adjudged by a
court of competent jurisdiction, after exhaustion of all appeals therefrom, to
be liable to the corporation or for amounts paid in settlement to the

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corporation, unless and only to the extent that the court in which the action or
suit was brought or other court of competent jurisdiction, determines upon
application that in view of all the circumstances of the case, the person is
fairly and reasonably entitled to indemnity for such expenses as the court deems
proper.

3. To the extent that a director, officer, employee or agent of a corporation
has been successful on the merits or otherwise in defense of any action, suit or
proceeding referred to in sections 1 and 2, or in defense of any claim, issue or
matter therein, he must be indemnified by the corporation against expenses,
including attorneys fees, actually and reasonably incurred by him in connection
with the defense.

4. Any indemnification under sections 1 and 2, unless ordered by a court or
advanced pursuant to section 5, must be made by the corporation only as
authorized in the specific case upon a determination that indemnification of the
director, officer, employee or agent is proper in the circumstances. The
determination must be made:

a. By the stockholders;

b. By the board of directors by majority vote of a quorum consisting of
directors who were not parties to the act, suit or proceeding;

c. If a majority vote of a quorum consisting of directors who were not
parties to the act, suit or proceeding so orders, by independent legal
counsel, in a written opinion; or

d. If a quorum consisting of directors who were not parties to the act,
suit or proceeding cannot be obtained, by independent legal counsel in
a written opinion.

5. The certificate of articles of incorporation, the bylaws or an agreement made
by the corporation may provide that the expenses of officers and directors
incurred in defending a civil or criminal action, suit or proceeding must be
paid by the corporation as they are incurred and in advance of the final
disposition of the action, suit or proceeding, upon receipt of an undertaking by
or on behalf of the director or officer to repay the amount if it is ultimately
determined by a court of competent jurisdiction that he is not entitled to be
indemnified by the corporation. The provisions of this section do not affect any
rights to advancement of expenses to which corporate personnel other than
director or officers may be entitled under any contract or otherwise by law.

6. The indemnification and advancement of expenses authorized in or ordered by a
court pursuant to this section:

a. Does not include any other rights to which a person seeking
indemnification or advancement of expenses may be entitled under the
certificate or articles of incorporation or any bylaw, agreement, vote
of stockholders or disinterested directors or otherwise, for either an
action in his official capacity or an action in another capacity while

II-2

holding his office, except that indemnification, unless ordered by a
court pursuant to section 2 or for the advancement of expenses made
pursuant to section 5, may not be made to or on behalf of any director
or officer if a final adjudication establishes that his acts or
omission involved intentional misconduct, fraud or a knowing violation
of the law and was material to the cause of action.

b. Continues for a person who has ceased to be a director, officer,
employee or agent and inures to the benefit of the heirs, executors
and administrators of such a person.

c. The Articles of Incorporation provides that "the Corporation shall
indemnify its officers, directors, employees and agents to the fullest
extent permitted by the General Corporation Law of Nevada, as amended
from time to time."

As to indemnification for liabilities arising under the Securities Act of 1933
for directors, officers or persons controlling Treasure Explorations, we have
been informed that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy and unenforceable.

OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION

The estimated costs of the offering are denoted below. Please note all amounts
are estimates other than the Commission's registration fee.

Securities and Exchange Commission registration fee $ 4
Accounting fees and expenses $2,000
Legal fees $1,500
Preparation and EDGAR conversion fees $ 900
Transfer Agent fees $ 600
Printing $ 196
------
Total $5,200
======

RECENT SALES OF UNREGISTERED SECURITIES

Set forth below is information regarding the issuance and sales of securities
without registration since inception. No such sales involved the use of an
underwriter; no advertising or public solicitation was involved; the securities
bear a restrictive legend; and no commissions were paid in connection with the
sale of any securities.

On May 31, 2006, a total of 2,000,000 shares of common stock were issued in
exchange for $10,000 US, or $.005 per share. These securities were issued to the
officer and a director of the company.

II-3

EXHIBITS

Exhibit 3.1 Articles of Incorporation
Exhibit 3.2 Bylaws
Exhibit 5 Opinion re: Legality
Exhibit 23.1 Consent of counsel (See Exhibit 5)
Exhibit 23.2 Consent of independent auditor
Exhibit 23.3 Consent of professional mining engineer
Exhibit 99.1 Subscription Agreement
Exhibit 99.2 Geology Report

UNDERTAKINGS

The undersigned registrant hereby undertakes:

1. To file, during any period in which offers of sales are being made, a
post-effective amendment to this registration statement to:

(i) Include any prospectus required by Section 10(a)(3) of the Securities
Act of 1933;
(ii) Reflect in the prospectus any facts or events which, individually or
together, represent a fundamental change in the information in this
registration statement. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any
deviation from the low and high end of the estimated maximum offering
range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the changes
in volume and price represent no more than a 20 percent change in the
maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective registration statement ; and
(iii) Include any additional or changed material information on the plan of
distribution.

2. That, for the purpose of determining any liability under the Securities
Act, treat each post-effective amendment as a new registration statement of
the securities offered herein, and that the offering of such securities at
that time shall be deemed to be the initial bona fide offering thereof.

3. To remove from registration by means of a post-effective amendment any of
the securities being registered hereby which remain unsold at the
termination of the offering.

4. Insofar as indemnification for liabilities arising under the Securities Act
of 1933 (the "Act") may be permitted to directors, officers and controlling
persons of the small business issuer pursuant to the By-Laws of the
company, or otherwise, we have been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public
policy as expressed in the Act, and is, therefore unenforceable.

II-4

In the event that a claim for indemnification against such liabilities
(other than the payment of expenses incurred or paid by a director, officer
or controlling person in the successful defense of any action, suit or
proceeding) is asserted by such director, officer, or other control person
in connection with the securities being registered, we will, unless in the
opinion of our legal counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in
the Securities Act and will be governed by the final adjudication of such
issue.

5. For determining any liability under the Securities Act, we shall treat the
information omitted from the form of prospectus filed as part of this
registration statement in reliance upon Rule 430A and contained in a form
of prospectus filed by us under Rule 424(b)(1), or (4), or 497(h) under the
Securities Act as part of this registration statement as of the time the
Commission declared it effective.

6. For determining any liability under the Securities Act, we shall treat each
post-effective amendment that contains a form of prospectus as a new
registration statement for the securities offered in the registration
statement, and that the offering of the securities at that time as the
initial bona fide offering of those securities.

SIGNATURES

In accordance with the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe it meets all of
the requirements for filing Form SB-2 and authorized this registration statement
to be signed on its behalf by the undersigned, in the city of Bellingham, WA, on
August 10, 2006.
Treasure Explorations Inc.

/s/ Howard Gelfand
----------------------------------
By: Howard Gelfand
(Principal Executive Officer)

In accordance with the requirements of the Securities Act of 1933, this
registration statement was signed by the following person in the capacities and
date stated.

/s/ Howard Gelfand August 10, 2006
- ------------------------------------- ---------------
Howard Gelfand, President Date
(Principal Executive Officer, Principal Financial Officer,
Principal Accounting Officer)

II-5