Titan Uranium Inc.

Titan Uranium Inc.

September 30, 2009 10:47 ET

Titan Uranium Commences Drilling on Green River South Project

SASKATOON, SASKATCHEWAN--(Marketwire - Sept. 30, 2009) - Titan Uranium Inc. (TSX VENTURE:TUE)(FRANKFURT:T4X) is pleased to announce that drilling has commenced on a twenty one hole exploration drilling program (10,000 feet, 3300 meters). The program is designed to explore a potential new trend for the on-going evaluation of the Green River South project, Utah. Rotary drilling is being performed by Caroll Drilling, of Moab, UT. Downhole geophysical logging services are being provided by Hawkins Logging of Cody, WY.

The Green River South property covers over 15,000 acres. The property has excellent accessibility and is located about 90 miles by road from the Shootaring Canyon uranium mill currently owned by Uranium One Inc.

Titan also announces that certain option holders have agreed to the cancellation of an aggregate of 858,333 options to acquire common shares in the capital of Titan. The options that were cancelled had been held by various directors, officers and employees, pursuant to the Company's stock option plan, had exercise prices ranging from $0.44 to $2.02 per share and were set to expire between July, 2010 and July, 2011.

About Titan Uranium Inc.

Titan has gained market recognition for its ability to attract strategic partners to participate in exploration on its properties in Canada by virtue of its 1.6 million acre land position and its technical expertise. The option agreement participants of Titan include: Japan Oil, Gas and Metals National Corporation (JOGMEC), Vale Exploration Canada Inc. (VEC), and Mega Uranium Ltd. These optionees are expected to contribute $4.7 million in exploration programs managed by Titan in 2009.

Titan recently completed a business combination with UPC (Titan Uranium Inc. PR: August 4, 2009) which adds a number of highly prospective properties, mainly in the United States, to Titan's portfolio.


Brian A. Reilly, President

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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