Titan Uranium Inc.

Titan Uranium Inc.

March 27, 2007 13:37 ET

Titan Completes $9,000,000 Financing

SASKATOON, SASKATCHEWAN--(CCNMatthews - March 27, 2007) -


Titan Uranium Incorporated. ("Titan") (TSX VENTURE:TUE) is pleased to announce the completion of a brokered private placement of 3,272,750 flow-through units, at a price of C$2.75 per unit for total gross proceeds of C$9,000,062.50, which was previously announced on February 27, 2007 and March 2, 2007.

Each unit consists of one flow-through common share of Titan and one-half of one flow-through common share purchase warrant. Each whole warrant entitles the holder to purchase one additional flow-through common share of Titan at a price of $3.25 per flow-through common share until March 27, 2009.

The Agents consisting of Pacific International Securities Inc., PowerOne Capital Markets Limited and Canaccord Adams received a commission of 7% of the gross proceeds, part of which was paid in cash and part of which was paid in commission units having the same terms as the financing units except that they are non flow-through.

In addition, Titan issued to the Agents compensation options equal to 7% of the number of flow-through units sold, each of which is exercisable into one common share of Titan at a price of C$3.05 until March 27, 2009.

In accordance with applicable securities legislation and policies of the TSX Venture Exchange, all securities issued under the private placement will be subject to a "hold period" expiring on July 28, 2007.

Titan plans to use the gross 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) that will be renounced for the 2007 income tax year. In addition, the financing enhances Titan's financial strength, strengthening the company's ability to find and develop further merger or acquisition opportunities.


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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