Titan Oil and Gas, Inc.

Titan Oil and Gas, Inc.

March 01, 2005 10:30 ET

Titan Oil and Gas, Inc.-Update on Stanley Unit Operations


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TITAN OIL AND GAS, INC.

PINK SHEETS SYMBOL: TNOG

MARCH 1, 2005 - 10:30 ET

Titan Oil and Gas, Inc.-Update on Stanley Unit
Operations

SAN ANTONIO, TEXAS--(CCNMatthews - March 1, 2005) - Titan Oil and Gas,
Inc. (TNOG:OTC) is pleased to provide an update on its operations in the
Patton Field (Stanley Unit) Wilson County, Texas.

Stanley # 1 well: Initially slated for water disposal, this well showed
good potential for production, and was put into service. After flowing
with good pressure for a time, it appeared ready to go on pump. At the
time this was to be done, a significant increase in pressure was
observed. The well flowed through the month of January, producing
1,002.79 barrels to market. Pressure has finally subsided, and the well
is slated to be put on pump as soon as the ground dries sufficiently
from recent rainfall and a workover rig can be brought on site.

Stanley # 1B well: When the workover rig arrives to put # 1 well on
pump, we intend to put this additional well into service. It is appx.
1,300 feet in distance from Stanley #1, and is piped into the main tank
battery. A pumpjack and tubing are on site, ready to be installed. In
anticipation of this, the capacity of the tank battery on the Stanley
Unit has been doubled to handle up to 600 barrels of oil, and water
storage capacity has also been increased.

Titan CEO Kent Jacobson comments: "We are happy to report the activity
on the Stanley Unit and now look forward to bringing a second well, the
# 1B, on-line. We await the deep workover rig to conclude operations on
our third well, the Kosciusko # 1, and a progress report will follow
shortly."

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.

-30-

Contact Information