Titan Oil and Gas, Inc.
PINK SHEETS : TNOG

Titan Oil and Gas, Inc.

August 03, 2005 09:30 ET

Titan Oil and Gas, Inc.-Gas Pipeline Completion Imminent

SAN ANTONIO, TEXAS--(CCNMatthews - Aug. 3, 2005) - Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to announce that the four-mile natural gas pipeline being constructed by Midway Pipeline, Inc., is nearing completion.

Midway Pipeline President Ray Reus reports: "The final load of pipe is arriving this week and we will finish laying it. Upon completion of testing, the pipeline will be put into service."

Titan CEO Kent Jacobson comments: "We are very pleased that the completion of the gas pipeline is imminent. This coincides with our expanded drilling program on the Kosciusko #1 Well to deepen it appx. 300 feet to our target zone. With the price of natural gas now well over $8.00, this is an exciting development for our Company."

Jacobson adds: "The Company's news release web page is now featuring a video interview with Ray Reus of Midway Pipeline. Please visit www.titanoilandgas.com/news_release.htm to see the interview."

About Titan Oil and Gas, Inc. - Titan is an energy company engaged in oil and gas development, drilling and production. Titan follows a conservative business model, redeveloping oil and gas fields with a history of production, while expanding into exploration and development of new properties.

Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Titan Oil and Gas, Inc.) contains statements that are forward looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.

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