To: koan who wrote (30746 ) 1/24/2007 2:12:49 PM From: koan Respond to of 78430 TIN-the metal-lol Titanium Corp. names Sangster and Pridham to board Titanium Corp Inc (C:TIC) Shares Issued 55,923,151 Last Close 1/23/2007 $2.70 Wednesday January 24 2007 - News Release Mr. Scott Nelson reports TITANIUM CORPORATION INC. QUARTERLY UPDATE; OPERATED FIRST CONCENTRATOR TO PRODUCE HEAVY MINERALS FROM OIL SANDS TAILINGS Titanium Corporation Inc. has released an update on its operations to develop a new sustainable source of titanium and zircon minerals from Canada's Athabasca oil sands following the filing of its quarterly financial statements for the period ended Nov. 30, 2006. Titanium highlights: completed on-site, first phase of 2006 pilot program on time and within original budget of $3-million, by successfully operating the first pilot heavy mineral concentrator to produce a heavy mineral concentrate from oil sands tailings in Fort McMurray. Over the past three years, Titanium has built all its pilot facilities on budget and on time; new board of directors appointments: Brant Sangster: a leader in Canada's energy industry; 25-year career as senior executive of Petro-Canada; and Gordon Pridham: investment banking executive with more than 25 years of experience, including energy and natural resource sectors; filed a project overview document with Alberta environment to inform the public and regulators of the scope of Titanium's heavy minerals recovery project; and development programs are progressing on track and Titanium is well capitalized with a cash position of $22-million. In the first quarter of 2007, Titanium is engaged in the final phase of the 2006 pilot program to maximize the recovery of zircon from the oil sand tailings. The heavy mineral concentrate that was successfully produced in Fort McMurray during the on-site phase of the 2006 pilot program was shipped to Titanium's Regina facility and is undergoing processing through separation circuits designed to maximize the recovery of heavy minerals. Titanium will produce final heavy mineral sample products for evaluation by customers and potential partners. Following the completion and analysis of the second phase of the 2006 pilot program, which is expected during the first half of 2007, Titanium will commence a final engineering feasibility study. Zircon remains in high demand worldwide and continues to experience significant price increases. Zircon increased from $400 (U.S.) per tonne in 2003 to an average of $750 (U.S.) per tonne by mid-2006. Asia continues to be the fastest growing market for heavy minerals and Titanium is actively pursuing these markets by fostering strategic relationships with large players in the region that are interested in zircon and titanium. Titanium's financial statements,are available on Stockwatch SEDAR files and on Titanium's website. © 2007 Canjex Publishing Ltd.