SOURCE: Titan Oil and Gas, Inc.

April 19, 2007 09:16 ET

Titan Oil and Gas, Inc. -- First Phase in Turnaround Commences With the Addition of Advisory Team

With the Introduction of an Advisory Team of Accounting, Petroleum and Management Experts, Titan Oil and Gas Continues With the First of a Multi-Phase Corporate Turnaround

SAN ANTONIO, TX -- (MARKET WIRE) -- April 19, 2007 -- Titan Oil and Gas, Inc. (PINKSHEETS: TNOG) is pleased to announce the addition of three new executives to an advisory team responsible for addressing the company's prospects moving forward. Thomas Conar, Reed Pitney and Pete Maupin have been tasked with assisting management with taking in hand a range of issues as related to righting all aspects of Titan Oil and Gas. The three have a variety of expertise in areas such as accounting, investment banking, management and petroleum project assessment/acquisition.

The strengths of this newly constituted group of advisors are as follows: Mr. Thomas Conar, a cum laude accounting graduate, has an extensive history with both Fortune 500 and private industrial manufacturing companies. His expertise lies in accounting and investment banking and is joining us as a financial advisor. Mr. Pete Maupin is a trained petroleum engineer with a decades long history of energy recovery in the US, he is the sole member of the previous management team to be welcomed back on board. Reed Pitney has a background in corporate management and sales, his task is in augmenting the revenue production and resource management aspect of the company turnaround.

The advisors came on board after a month long search that included not only outside talent but those with historical connections to ongoing projects. Their participation is based on their confidence in and ability to assist with implementing the overarching framework devised by company President John Marconette and Vice President Brandon Toth. As these plans become finalized the consolidation of company assets and liabilities will allow for positive change as we move into the second phase of the turnaround project.

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Titan is an energy company with interests in oil and gas development, drilling and production. Titan follows a conservative business model, focusing on redevelopment of oil and gas fields with a history of production, and also, 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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