Titan Uranium Inc.

Titan Uranium Inc.

February 27, 2007 08:30 ET

Titan Arranges $9,000,000 Financing

SASKATOON, SASKATCHEWAN--(CCNMatthews - Feb. 27, 2007) -


Titan Uranium Incorporated. ("Titan") (TSX VENTURE:TUE) is pleased to announce that it has entered into an engagement letter with Pacific International Securities Inc., PowerOne Capital Markets Limited and Canaccord Capital Corporation (the "Agents") to raise up to C$9,000,000 through the private placement, on a commercially reasonable efforts basis, of up to 3,000,000 flow-through units at a price of C$3.00 per flow-through unit.

Each unit will consist of one flow-through common share of Titan and one-half of one flow-through common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional flow-through common share of Titan at a price of $3.25 per flow-through common share for 24 months from the closing date.

The Agents will receive a commission of 7% of the gross proceeds, payable at their election, in a combination of cash and/or units. Commission units paid to the Agents will have the same terms as the financing units except that they shall be non flow-through.

In addition, Titan will issue to the Agents compensation options equal to 7% of the number of flow-through units sold each of which will be exercisable into one common share of Titan at a price of C$3.05 for two years from closing.

In accordance with securities legislation, the shares and warrants issued under the private placements will be subject to a "hold period" of four months and one day from the date of issuance of such securities.

Titan plans to use the net proceeds from the sale of these units for exploration and development of current projects that will constitute Canadian exploration expenses (as defined in the Income Tax Act). In addition, the financing adds financial strengthen to Titan enhancing the company's ability to find and develop further merger or acquisition opportunities.

The completion of the financing is conditional upon the receipt of all necessary approvals including the TSX Venture Exchange.


Philip E. Olson, President and Chief Executive Officer

This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward-Looking Statements:

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Titan's periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Titan assumes no obligation to update any forward-looking statement.

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