Titan Oil and Gas, Inc.
PINK SHEETS : TNOG

Titan Oil and Gas, Inc.

June 24, 2005 10:43 ET

Titan Oil and Gas, Inc.-Stanley # 1B Well in Production; Kosciusko Update

SAN ANTONIO, TEXAS--(CCNMatthews - June 24, 2005) - Titan Oil and Gas, Inc. (TNOG:OTC) reports that work on its Stanley # 1B well has been successfully completed and the well is now in production.

Titan CEO Kent Jacobson comments: "As earlier reported, a rig was called to the site to remove the tubing and locate a suspected leak. This was successfully located at appx. 2,000 feet, and the affected tubing was replaced and re-installed. This well is now in production and is being pumped around the clock, with pressure steadily increasing. We anticipate issuing an initial production report shortly."

Kosciusko #1 Well Update:

Jacobson further reports: "The first of our two 300-barrel oil tanks has been delivered to the site and an anti-corrosion coating has been applied. This tank is scheduled to be hooked up to the well on Monday morning, and we anticipate that the well will be in production by Monday afternoon. The second 300-barrel tank is expected shortly, to increase our oil storage capacity to 600 barrels at this site. Once production is underway, we will issue an initial production report as soon as possible."

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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