SOURCE: Titan Oil & Gas Inc.

March 22, 2011 09:30 ET

Titan Oil & Gas Provides Update on Production Opportunities

LAS VEGAS, NV--(Marketwire - March 22, 2011) - Titan Oil & Gas, Inc. (OTCBB: TNGS) ("Titan" or "the Company") is pleased to provide an update on recent corporate developments.

In the past thirty days, several groups have approached Titan with a large number of partnership, acquisition, and joint venture opportunities.

Titan has completed its initial review of approximately twenty properties and as a result of its due diligence process, has identified three high-priority targets. Each target has the potential for immediate production and would provide the company with near-term cash-flow.

Titan has engaged an established engineering firm based in Calgary to undertake a formal analysis of each target and subject to a positive outcome, the Company intends to enter into a partnership or joint venture agreement with the respective rights holder.

"We are aggressively positioning Titan Oil & Gas to capitalize on an elevated oil price environment and are pleased with our progress so far," said Jarnail Dhaddey, president of Titan. "We hope to complete a transaction in the near future that will increase our presence in the Alberta oil patch significantly."

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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