Titanium Corporation Inc.

Titanium Corporation Inc.

January 10, 2005 16:30 ET

Titanium Corporation Inc.: Stock Option Grant


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TITANIUM CORPORATION INC.

TSX VENTURE SYMBOL: TIC

JANUARY 10, 2005 - 16:30 ET

Titanium Corporation Inc.: Stock Option Grant

TORONTO, ONTARIO--(CCNMatthews - Jan. 10, 2005) - Titanium Corporation
Inc. (the "Corporation") (TSX VENTURE:TIC) today announced that the
board of directors has approved issuance of 50,000 options to Mr. Niel
Erasmus, Vice President Production Technology and Pilot Plant General
Manager, 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
    (416) 955-0790 (FAX)
    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.