Titan Oil and Gas, Inc.
PINK SHEETS : TNOG

Titan Oil and Gas, Inc.

July 27, 2005 14:46 ET

Titan Oil and Gas, Inc.-Titan Announces Expanded Drilling Program

SAN ANTONIO, TEXAS--(CCNMatthews - July 27, 2005) - Titan Oil and Gas, Inc. (TNOG:OTC) announces an expansion of its drilling program on the Kosciusko # 1 Well.

The Company has determined that high fluid levels on the Kosciusko # 1 Well can continue to be successfully produced; however, this same data has convinced management that bigger production can be expected at approximately 300 ft deeper in the formation. Thus, the Company has decided to make immediate plans to deepen the well to the original target zone, both for maximum production in the near term, and to be in position for a further horizontal completion.

For the moderate increase in cost and work involved, management has decided that the current success is convincing evidence to support this move, and it expects good results.

Titan CEO Kent Jacobson comments: "We are working for the best long term success of this well. After considering the data, as well as long lead times in acquiring rigs later in the year, we feel it is necessary to push forward with these plans now."

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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