Titan Uranium Inc.

Titan Uranium Inc.

January 18, 2008 14:23 ET

Titan Update on 2007 Thelon Exploration Program

SASKATOON, SASKATCHEWAN--(Marketwire - Jan. 18, 2008) - Titan Uranium Inc. ("Titan") (TSX VENTURE:TUE)(TSX VENTURE:TUE.WT.A) is pleased to report on the results of the 2007 exploration program on the Thelon Project, Nunavut, which is subject to an option agreement with Mega Uranium Ltd. (TSX:MGA). The 100,048 hectare (247,219 acre) project is located approximately 100 km NNW of the AREVA's Kiggavik uranium project that hosts a reported resource of 131 million lbs U3O8 (Nunavut Geoscience Overview, 2006).

The 2007 exploration program consisted of an airborne magnetic and radiometric survey with 11,786 km flown, claim staking with 32,704 hectares (80,812 acres) acquired in 41 claims, prospecting/mapping with 52 radioactive samples taken for geochemical analysis, and 1,600 metres of diamond drilling. The airborne survey covered all of Titan's lands and the final data, received late in 2007, is being reviewed by Titan's geophysical consultants. A preliminary review of radiometric data shows several areas of anomalous readings including some which correlate with known radioactive boulder trains. Follow-up field examination will be conducted on these hot-spots in 2008.

The 2007 prospecting program field-checked eight of the anomalous areas that had been defined by historic work and 52 radioactive samples were submitted for geochemical analysis with results ranging from 50 ppm U3O8 to 6.00% U3O8. Significant results were recorded from boulders on the RAD 8 claim (6.00% U3O8), R22 lease (0.21% U3O8 and 0.78% U3O8), RAD 3 claim (0.57% U3O8) and RAD 14 claim (0.53% U3O8). On Permit 6660, uranium mineralized boulders were found in four areas with six boulders having greater than 0.10% U3O8; results ranged from 0.14% to 2.17% U3O8. The uranium occurs as pitchblende and secondary uranium minerals in fractured basement quartzites and feldspathic meta-sandstones. More definitive exploration is planned for these areas in 2008.

A total of 1,600 metres of diamond drilling in 23 holes tested six areas of known uranium mineralization in boulder trains and outcrop. Drill hole RADC-07-01 intersected fracture-controlled basement mineralization with a grade of 0.19% U3O8 over 0.7 metres, adjacent to drill hole RADC-06-05 which intersected 0.16% U3O8 over 3.9 metres in 2006, None of the remaining holes intersected any significant mineralized zones, however, two other drill holes in the RAD "C" area intersected geological formations exhibiting structural and chemical features favourable for uranium mineralization and on Permit 6660 drill hole WP-07-06A intersected graphic meta-mudstone in contact with fractured quartzite. Most of the drill holes displayed fracture-filled clay and hematite alteration. In the vicinity of the drilling on the RAD 9 claim, three samples were taken of highly radioactive material in a frost boil which gave results of 1.47% U3O8, 1.99% U3O8 and 3.95% U3O8.

The majority of the drilling in 2006 and 2007 tested radiometric and magnetic anomalies near the interpreted bedrock source of radioactive boulders. Further work is required to locate the basement source for the uranium mineralized boulders and this will be conducted in 2008.

Titan Uranium Inc. is very encouraged by the results of the 2007 exploration program, in particular the results from the prospecting work which located uranium mineralization in boulders reporting up to 6.0% U3O8.

Sampling was done under the supervision of John Dixon, P. Geo., and Qualified Person, Paul Nicholls, P.Eng., as defined by National Instrument 43-101. All samples were analyzed at SRC laboratory in Saskatoon, Saskatchewan. Sampling methods include the use of standards and blanks for QA/QC control.

J. Allan McNutt, P. Geo., M.A.Sc., is Titan's Qualified Person (as defined by National Instrument 43-101) for uranium projects and is responsible of the technical information contained in this release.

About the Company

As a major landholder in the world's foremost uranium-producing region, Titan Uranium Inc. is distinguishing itself as one of the few companies in Canada with the properties, management and technical depth required to succeed in uranium exploration. Based in Saskatoon, Saskatchewan, Titan boasts proven senior leadership, a highly experienced technical team and over 1.5 million acres of claims in the proven Athabasca and prospective Thelon Basins. Focusing on the acquisition and exploration of early stage uranium properties, Titan is well financed and ideally positioned to emerge as a pre-eminent explorer in the most rewarding segment of the uranium industry.


Brian A. Reilly, President

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Titan Uranium, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Titan Uranium's expectations are exploration risks detailed herein and from time to time in the filings made by Titan Uranium with securities regulators.

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

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