SOURCE: Titan Oil & Gas, Inc.

January 13, 2011 09:30 ET

Titan Oil & Gas Adds to Its Alberta Land Holdings With Key Oil Project

LAS VEGAS, NV--(Marketwire - January 13, 2011) - Titan Oil & Gas, Inc. ("Titan") (OTCBB: TNGS) is pleased to announce it has acquired certain petroleum and natural gas rights to an additional 1,897 acres in the CFB-Suffield region of southern Alberta. 

The CFB-Suffield region hosts a number of highly productive oil pools and is estimated to contain upwards of 1 billion barrels of oil in place. The region has excellent infrastructure and several majors operate in the area.

"We are very excited to have acquired significant acreage in one of the most sought-after areas of southern Alberta," said Jarnail Dhaddey, President of Titan. "We will begin reviewing available data immediately and expect to have an updated exploration plan in the coming weeks."

Titan's southern Alberta land package now totals 6,957 acres with projects in the Atlee-Buffalo, Bow Island, Eyremore, Retlaw, CFB-Suffield and Taber regions. In addition, Titan also owns a 2.51255% working interest in an oil well located in Alberta and has acquired interests in two petroleum and natural gas leases in the province of Saskatchewan. The total area covered by the Saskatchewan leases is 326 acres.

 "We have grown our land base by more than 50% in the past month and will continue to aggressively seek new opportunities that increase shareholder value," said Jarnail Dhaddey, President of Titan. "We anticipate the next few months to be very busy for us."

Titan Oil & Gas, Inc. (OTCBB: TNGS) is a US-based publicly traded company aggressively exploring and acquiring land in key petroleum-producing regions of Alberta. Its projects are located in areas of excellent infrastructure and high drilling activity, and the company plans on using the most current and proven cost effective technologies to generate long-term reserves and production while maximizing shareholder value. For more information on Titan Oil & Gas, please visit http://www.titanoilinc.com.

Disclaimer

Titan Oil & Gas is a trademark of Titan Oil & Gas Inc. This announcement contains forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, risks related to petroleum exploration, limited access to operating capital, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in Titan's filings with the Securities and Exchange Commission which may be accessed through the SEC's web site at http://www.sec.gov.

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