Titan Uranium Inc.

Titan Uranium Inc.

January 10, 2007 09:00 ET

Drill Mobilized to Titan's Athabasca Properties

SASKATOON, SASKATCHEWAN--(CCNMatthews - Jan. 10, 2007) - Titan Uranium Inc. (TSX VENTURE:TUE)(TSX VENTURE:TUE.WT.A) would like to announce that its permits for diamond drilling operations on the Company's Castle projects in northern Saskatchewan have been approved for the first quarter of 2007. "We are very excited about this early start to the second phase of exploration on our Castle properties. By getting underway early in the 2007 season, we optimize our time in the Athabasca. It will allow us to advance a key property within our portfolio while we develop a co-ordinated exploration strategy that directs optimal resources at our recently acquired Dejour Enterprises Ltd. uranium assets. Elsewhere, Titan is also working on its permitting for the Thelon Basin and will inform the market of drilling approvals as soon as they are obtained," stated Phil Olson - President and CEO.

The start of this year's operations will be a fence drilling program on the southern segment of the Saskatoon Lake Conductor (SLC), where strong alteration and cross structures were encountered in the 2006 program on the Castle South property. This is a continuation of work on the highly prospective SLC corridor in the Athabasca basin. Titan's properties contain approximately five kilometres of the SLC which is associated with high grade Shea Creek area deposits such as the Anne, Collette and Kianna discovered by UEX / AREVA.

The drill crew is currently in the process of mobilization and is expected to arrive for operations beginning within days. The program consists of four drill targets on the Castle South property with the potential for additional holes on the Castle properties further on in the program. Heath & Sherwood Drilling (1986) Inc. has been contracted for the drilling operations and is expected to complete a total of 3000 meters over the permitting window.

The Castle property diamond drill permits cover the period ranging from January to March 31, 2007, which encompasses the last part of the 2006 fiscal year for the Saskatchewan Government.

Titan also enters 2007 with an exploration budget much more substantial than when it launched its 2006 campaign. With in excess of C$10 million in its treasury, Titan is well funded for its 2007 exploration programs that will see C$1 million spent on the first quarter of the Athabasca project. The Company intends on raising further capital as development and growth requires.


Philip E. Olson, President and Chief Executive Officer

Forward-Looking Statements:

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Titan's periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Titan does not assume the obligation to update any forward-looking statement.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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