Titan Oil and Gas, Inc.

Titan Oil and Gas, Inc.

July 07, 2005 15:05 ET

Titan Oil and Gas, Inc.-Kosciusko #1 Well Initial Production Report

SAN ANTONIO, TEXAS--(CCNMatthews - July 7, 2005) - Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to report on initial oil production from its Kosciusko #1 Well.

The well is averaging approx. 50 barrels of oil per day, and a truck is expected to arrive within the next two days to take our first load of oil to market.

Titan CEO Kent Jacobson reports: "We are very pleased with this initial production, as we had originally intended to drill approx. 300 feet in additional depth to our target zone, but decided to complete at this level due to extremely high pressures that were encountered. We will continue to monitor production from this zone, as we still intend to drill further to our original target zone once the oil at this level has been depleted."

Jacobson further comments: "Management made a recent trip to the Kosciusko and Stanley properties in Wilson County, and brought a professional crew to the sites in order to shoot several hours of video. This is now in the final stage of editing, and will be released in the near future for the benefit of our shareholders. Additionally, management undertook discussions regarding several joint venture opportunities, and we hope to be able to report these to our shareholders in the near future."

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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