SOURCE: Titan Oil & Gas, Inc.

December 10, 2010 09:00 ET

Titan Oil & Gas, Inc. Engages Engineering Firm to Advance Its Alberta Oil & Gas Projects

LAS VEGAS, NV--(Marketwire - December 10, 2010) - Titan Oil & Gas, Inc. ("Titan") (OTCBB: TNGS) is pleased to announce it has engaged an independent engineer to undertake an initial assessment of its Alberta land portfolio.

"We believe the potential for our land package is substantial and are very excited to take this important step forward in our development plans," said Jarnail Dhaddey, President of Titan.

Titan's southeastern Alberta land portfolio covers 4,428 acres and includes projects located in areas of significant production including the Atlee-Buffalo, Bow Island, Eyremore, Retlaw and Taber regions. The company is actively reviewing a number of other assets in Alberta and hopes to add to its portfolio in the near future.

"We've positioned ourselves to take advantage of strengthening oil and gas prices, and plan on advancing our projects in a timely manner. We are looking forward to a busy 2011," said Mr. Dhaddey.

Titan Oil & Gas, Inc. is a publicly traded (OTCBB: TNGS) oil & gas 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.

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 our 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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