Titanium Corporation Inc. is a Canadian company developing a commercial process to recover heavy minerals and bitumen from mined oil sands tailings in the Fort McMurray, Athabasca region. The Company’s objective is to develop new technologies and processes that would be adopted at all of the tailings sites for open-pit oil sands operations resulting in a new minerals industry as well as the recovery of a portion of bitumen currently lost to tailings.

Canada’s oil sands resource is now recognized as the second largest oil resource in the world with a reserve life of 50+ years. The oil sands sector in Canada is growing rapidly through expansions of existing operations and a number of new projects under development with an increased focus on sustainable development. There are currently three large oil sands mining operations (Syncrude, Suncor, Albian Sands), one commissioning in late 2008 (CNRL) and a number of projects under development. As mine-based oil sands production grows, tailings volumes containing minerals and bitumen are expected to increase proportionally.

By around 2015, annual bitumen production from mined oil sands is expected to more than double to an estimated 3 million barrels per day. With current technology, bitumen losses to oil sands tailings (from froth treatment plants) could be in excess of 20 million barrels per year by this date. For Titanium Corporation, processing tailings from what is essentially a waste stream could result in a number of potential benefits to stakeholders. These include increased revenues, decreased environmental emissions, more effective use of existing resources and business diversification.

The occurrence of heavy minerals in oil sands has long been known and there have been a number of attempts to develop processes to recover them. Virtually all these efforts have failed until Titanium Corporation showed in 2004 that it could successfully concentrate and separate titanium-rich minerals and zircon from previously deposited oil sands tailings. In developing the technology to recover minerals, the Company must also be able to remove and recover the bitumen associated with the minerals in the tailings stream. Titanium Corporation has invested approximately $15 million over the past three years in research and pilot facilities, on-site programs and technology development.

Titanium Corporation is developing a process to integrate the recovery of bitumen and heavy minerals from the vast Athabasca oil sands resource. The company’s initial focus was mineral recovery from oil sands tailings. More recently, it was determined that the recovery of minerals and removal/recovery of bitumen are inextricably linked.

Research was first conducted at laboratory scale at Dalhousie University and then on a larger scale in the Company’s research pilot facilities at the Saskatchewan Research Council in Regina during 2004.

Following successful trials on previously deposited tailings, or “beach” sand tailings, Titanium Corporation then conducted a field bulk sampling program by tapping into the fresh tailings pipeline on-site in Fort McMurray during the summer of 2005. This program led to major concentration process improvements, which were subsequently piloted in 2006.

In 2006, the Company designed, constructed and commissioned the first pilot minerals concentrator to be operated at an oil sands site. High recoveries of a heavy mineral concentrate were achieved in the 2006 program and valuable experience was gained in the removal and recovery of bitumen. Further improvements and R & D are required and warranted for bitumen removal and recovery processes from tailings. This created an expanded opportunity not only to recover heavy minerals, but also to recover bitumen from mined oil sands tailings streams.

The Company is currently focused on conducting a staged R & D program to improve bitumen removal/recovery. This program will continue throughout 2008. Following successful completion of the R & D and piloting phase, Titanium Corporation would expect to commence a final engineering feasibility study, secure agreements and proceed with facilities design and construction.

Titanium Corporation's process: recovering minerals and bitumen from oil sands tailings

Titanium Corporation’s project has potential to deliver important sustainability benefits through the processing of waste tailings to create valuable products, recover bitumen and create environmental benefits.

Potential benefits and impacts include:

• Creation of a new “value added” industry in Alberta and Canada
• Maximum utilization of non-renewable resources
• Creation of multiple projects provide an opportunity for significant growth
• Increased recovery of bitumen from the oil sands resource
• The recovery of minerals (zircon and titanium), which are global growth industries yielding essential products used in everyday life
• Utilization of existing infrastructure which requires no additional environmental disturbance (mining) as would be required in traditional mining to produce these products
• Reduction of the intensity of greenhouse gas emissions from the oil sands industry of carbon dioxide (CO2) and nitrous oxide (NOx)
• Reduction of emissions of air pollutants such as volatile organic carbons (VOCs)

This information contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “predict”, “potential”, “expect”, “intend”, “believe”, “estimate”, and other similar words or statements that certain events or conditions “may” or “will” occur, and include without limitation, statements regarding the recovery of heavy minerals and bitumen and the Company’s ability to extract minerals and bitumen from tailings in the future. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. The Company also directs you to its risks and uncertainties statements more particularly described and updated in Titanium Corporation’s Quarterly Management’s Discussion and Analysis filed for the period ended November 30, 2007 on SEDAR (www.sedar.com).

Corporate Information on Stockhouse

Scott Nelson President & CEO

Scott Nelson has over 25 years experience building successful organizations and fostering growth in resource-based, capital intensive industries. Mr. Nelson began his career in Eastern Canada with large industrial resource firms including The Irving Group, Canadian Keyes Fiber and Boise Cascade in financial and project management roles. In 1980, he joined the oil and gas sector in Western Canada, advancing to senior management positions with Dome Petroleum, Amoco Canada and Amerada Hess. As President, he led the rapid growth of Amerada Hess Canada, the tripling of production and eventual sale of the company to Petro-Canada. Mr. Nelson has also worked internationally, serving as an advisor and Chairman of Eurosov Energy PLC, a London listed energy group which was sold to a UK independent. As a management consultant, Mr. Nelson worked for utility and technology firms during a period of regulatory change and was subsequently recruited by PriceWaterhouse (PWCC), joining IBM in 2002 upon the acquisition of PWCC. Mr. Nelson joined Titanium Corporation’s management team in February 2005.

Gordon E. Pridham ICD.D Executive Chairman

Mr. Pridham is an experienced executive with more than 25 years experience in investment banking, capital markets and corporate banking. He has financed and advised companies in public and private markets across a broad range of industries including the energy and natural resources sectors. Mr. Pridham held positions with Chemical Bank and National Bank in New York, Calgary Toronto and Hong Kong and also led the Investment Banking groups at Deutsche Morgan Grenfell, Research Capital and Raymond James. He is President and CEO of Edgewater Capital Inc., and Chairman of Monarch Wealth Management. Mr. Pridham completed the Institute of Corporate Directors Program and currently serves as a director of Newalta Income Fund.

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