Titan Uranium Inc.

Titan Uranium Inc.

November 24, 2008 10:57 ET

Titan Uranium Inc., in Conjunction With Project Partner Japan Oil, Gas and Metals National Corporation, Mobilizes Drill Rigs to Border Block Project

SASKATOON, SASKATCHEWAN--(Marketwire - Nov. 24, 2008) - Titan Uranium Inc. ("Titan" or the "Company") (TSX VENTURE:TUE)(FRANKFURT:T4X), a North American generative explorer, and project partner Japan Oil, Gas and Metals National Corporation (JOGMEC), are pleased to announce the mobilization of two drill rigs and a field crew to the Border Block Project in the southwest area of the Athabasca Basin.

The Border Block Project is the subject of a recent Letter of Agreement between Titan and JOGMEC wherein JOGMEC can earn a 50% undivided interest in the project by funding Cdn $6 million in exploration over the next four years (Titan Uranium Inc. PR, November 12, 2008). Bryson Drilling of Archerwill, Saskatchewan is the drilling contractor for this project. Drilling will begin in late November and is expected to be completed in mid-December.

A minimum of 1,700 metres of drilling (at least 5 holes) is planned to test the five highest ranked targets. Titan completed extensive ground geophysical surveys on the Border Block claims in early 2008 and delineated numerous basement anomalies that are interpreted to reflect graphitic metasedimentary rocks. Graphite is commonly associated with uranium mineralization in the Athabasca Basin.

The Border Block Project is underlain by rocks interpreted to be correlative with those in the Shea Creek area located 40 kilometers to the north where AREVA and partner UEX Corp. have intersected significant uranium mineralization in the Anne, Collette and Kianna deposits (UEX Corp. PR June 14, 2008). On the adjacent Smart Lake property, Purepoint Uranium Group Inc. is earning an interest from property owner Cameco Corp. Purepoint recently announced significant results from their drilling program on the Smart Lake property and committed an additional $450,000 to continue drilling (Purepoint Uranium Group Inc. PR, November 4, 2008).

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 for the technical information contained in this release.

About Titan Uranium Inc.

Titan's growth strategy is driven by advancing exploration projects to discovery in the proven Athabasca and prospective Thelon basins. Titan has gained market recognition for its ability to attract strategic partners to participate in exploration on its properties by virtue of its 1.5 million acre land position and technical expertise. In 2008, Japan Oil, Gas and Metals National Corporation (JOGMEC) signed two letters of agreement with Titan to explore the Company's Virgin Trend and Border Block projects as an element of its mandate to seek a stable supply of natural resources for Japan. In April 2008, Vale Exploration Canada Inc., a wholly-owned subsidiary of Companhia Vale do Rio Doce (VALE), the world's second largest mining company by market capitalization, signed an agreement with Titan on the Sand Hill Lake/Rook II project. Titan also has a major joint venture project underway in the Thelon Basin with Mega Uranium Ltd. Additional partnerships are at the planning stage.

Partners of Titan have the option to expend Cdn $28.5 million in exploration programs managed by Titan between 2008 and 2012. The partners can earn a portion of Titan's interest in these strategically located properties in the Athabasca and Thelon basins. Optionees of Titan properties spent Cdn $5.5 million on exploration programs managed by Titan in 2007.

Titan is well-financed and ideally positioned to emerge as a pre-eminent explorer in the uranium industry. Based in Saskatoon, Saskatchewan, Titan boasts proven senior leadership, a highly experienced technical team and a dominant land position in Canada's world-class uranium districts.


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.

The TSX Venture Exchange has not reviewed and does not accept 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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