SOURCE: Titan Resources International Inc.

March 01, 2007 08:30 ET

Titan Acquires Ownership Interest in Prolific Past Producer

COBALT, ON -- (MARKET WIRE) -- March 1, 2007 --Titan Resources International Inc. (PINKSHEETS: TNRI) is pleased to announce the acquisition of a 12% (twelve percent) ownership interest in Silver Centre Resources Inc., (SCR) and the assets held by SCR, a private resource exploration company. As per the "Option Agreement" entered into by TNRI and SCR, Titan can earn up to an additional 38% ownership (for a total earned interest of 50%) in SCR by fulfilling various financial and development milestones and obligations.

SCR owns 13 contiguous patented mining claims located in the South Lorrain Township, just outside of Cobalt, Ontario, Canada. The property lies within the legendary "Temiskaming Silver Belt" and contains the former prolific past producing "Keeley" and "Frontier" Mines.

The total recorded historical production from the "Keeley" and "Frontier" Mines, combined, was just over 19.2 million ounces of silver and 3.3 million pounds of Cobalt.

TNRI together with SCR will begin work immediately on the property, with the aim of proving up mineable reserves of silver and cobalt. Phase one of the planned exploration program will commence early in the spring of 2007.

Titan will endeavor to update the progress of the exploration work on a timely basis.

About Titan Resources

Titan Resources International Inc. is an emerging precious metals company that is involved in the acquisition and exploration of both gold and silver resource properties. TNRI's goal is to become a junior precious metals producer focusing on the exploration, discovery and delivery of these and other related minerals in the global marketplace.

Silver Centre Resources is a private resource exploration company with properties located in Ontario, Canada. For more information please visit the company web site at www.silvercentreresources.com.

This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.

Contact Information

  • CONTACT:
    Jeff Hunter
    CEO
    Titan Resource International Inc.
    (866) 905 0418