Titanium Corporation Inc.

Titanium Corporation Inc.

January 07, 2005 17:24 ET

Titanium Corporation Inc.: Stock Option Grant


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TITANIUM CORPORATION INC.

TSX VENTURE SYMBOL: TIC

JANUARY 7, 2005 - 17:24 ET

Titanium Corporation Inc.: Stock Option Grant

TORONTO, ONTARIO--(CCNMatthews - Jan. 7, 2005) - Titanium Corporation
Inc. (the "Corporation")(TSX VENTURE:TIC) today announced that the board
of directors has approved issuance of 30,000 options to Mr. David
Beldam, Manager, Special Projects, all exercisable at $3.05 per share
for a period of five years, subject to the Corporation's stock option
plan and to regulatory approval. In keeping with the policies of the TSX
Venture Exchange (the "Exchange") and the Corporation's stock option
plan, these options shall vest in stages
over a period of 18 months and will be subject to a four month Exchange
hold period.

About Titanium Corporation

Titanium Corporation Inc. is a Toronto-based mineral exploration and
development
company whose shares are listed on the TSX Venture Exchange under the
symbol
"TIC", U.S. clearing symbol "TITUF", CUSIP Number: 88833T104. The
Corporation's
mission is to become the first titanium and zircon sand producer from
Canada's oil sands. The Company also controls a well advanced 102 square
kilometer mineral sand deposit located on the Shubenacadie River, Nova
Scotia, Canada. For more information, please visit
www.titaniumcorporation.com .

Note: This press release contains projections and forward-looking
statements regarding future events. Such forward-looking statements are
not guarantees of future performance of the Corporation and are subject
to risks and uncertainties that could cause actual results and the
Corporation's plans and objectives to differ materially from those
expressed in the forward-looking statements.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Titanium Corporation Inc.
    George Elliott
    Chairman
    (416) 955-0715 X 222
    E-mail: pr@titaniumcorporation.com
    or
    Titanium Corporation Inc.
    John Oxenford
    Senior Vice-President
    (780) 984-0896
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.