Titan Oil and Gas, Inc.

Titan Oil and Gas, Inc.

November 01, 2005 10:30 ET

Titan Oil and Gas, Inc.-Target Formation Reached

SAN ANTONIO, TEXAS--(CCNMatthews - Nov. 1, 2005) - Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to announce that Koskiusko # 1 Well drilling has now entered the top part of the Austin Chalk formation.

Titan CEO Kent Jacobson reports: "We expect to encounter our main target zone in the next few days. We may, however, encounter oil-and-gas-bearing fractures at any time prior to reaching the predetermined target zone. We will update shareholders on developments as they occur."

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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