Titan Uranium Inc.

Titan Uranium Inc.

April 18, 2008 12:19 ET

Titan Mobilizes Drill Rigs to East Athabasca Project

SASKATOON, SASKATCHEWAN--(Marketwire - April 18, 2008) - Titan Uranium Inc. ("Titan" or the "Company") (TSX VENTURE:TUE) is pleased to announce that drills are being moved on to the Carlson Creek and Thorburn Lake properties of the Company's East Athabasca Project in Northern Saskatchewan. Bryson Drilling of Archerwill, SK is the contractor and is providing two drills to complete the 3,000 metre contract.

The Carlson Creek property is 20 kilometres from the McArthur River mine and appears to be underlain by favourable stratigraphy and structure. The property is adjacent to JCU (Canada) Ltd's Christie Lake project where drilling has defined the Paul Bay deposit (Saskatchewan Mineral Deposit Index - #2654, quoted as 212,941 tonnes grading 3.53% U3O8; 16,570,000 lbs U3O8). The Paul Bay structure trends on to the Titan property. Drilling on Carlson Creek in 2008 will follow up on anomalous pathfinder geochemistry recorded from samples taken from the 2007 drilling program which tested a basement conductor coincident with a resistivity low in the sandstone. Anomalous geochemistry, low resistivity zones due to alteration in the sandstone and basement conductors are features commonly associated with uranium mineralization.

The Thorburn Lake property is located 10 kilometres from Cameco's Cigar Lake deposit. Drilling will test a ground defined basement conductor and coincident easterly trending structure on the south side of the property which are along strike of extensive drilling on adjacent Cameco ground.

J. Allan McNutt, P. Geo., M.A.Sc., is Titan's Qualified Person (as defined by National Instrument 43-101) for uranium projects and is responsible for the technical information contained in this release.

About Titan Uranium

Titan's growth strategy is driven by advancing exploration projects to discovery in the proven Athabasca and prospective Thelon basins. The Company has gained market recognition for its ability to attract strategic partners to participate in exploration on its properties by virtue of its 1.5 million acre land position and technical expertise. Vale Exploration Canada, a wholly-owned subsidiary of Companhia Vale do Rio Doce (VALE), the world's second largest mining company by market capitalization, recently signed an agreement with Titan on its Sand Hill Lake/Rook II project. In February 2008, Japan Oil, Gas and Metals National Corporation (JOGMEC) signed a letter of intent with Titan as an element of its mandate to seek a stable supply of natural resources for Japan. Titan also has a major joint venture project underway in the Thelon Basin with a Canadian company. Additional partnerships are at the planning stage.

In 2007, partners of Titan spent Cdn $ 5.5 million on exploration programs managed by Titan. Between 2008 and 2012, partners of Titan have the option to expend Cdn $ 22.5 million in exploration on approximately 360,000 hectares/890,000 acres of strategically located project areas in the Athabasca and Thelon Basins to earn a portion of Titan's interest in these areas.

Titan is well-financed and ideally positioned to emerge as a pre-eminent explorer in the uranium industry. Based in Saskatoon, Saskatchewan, Titan boasts proven senior leadership, a highly experienced technical team and a dominant land position in Canada's world-class uranium districts.


Brian A. Reilly, President

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Titan Uranium, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Titan Uranium's expectations are exploration risks detailed herein and from time to time in the filings made by Titan Uranium with securities regulators.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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