SOURCE: Titan Oil & Gas, Inc.

December 16, 2010 09:30 ET

Titan Oil & Gas Significantly Increases Alberta Land Holdings

LAS VEGAS, NV--(Marketwire - December 16, 2010) - Titan Oil & Gas, Inc. ("Titan") (OTCBB: TNGS) is pleased to announce it has acquired certain petroleum and natural gas rights to an additional 632 acres in southern Alberta. The acquisition increases Titan's Alberta land holdings to a total of 5,060 acres.

"We continue to strengthen our Alberta land package with properties in highly-productive regions of the province. Our latest acquisition is near our existing Atlee-Buffalo project and several majors operate in the area," says Jarnail Dhaddey, President of Titan.

Titan now has eight land parcels located in the Atlee-Buffalo, Bow Island, Eyremore, Retlaw and Taber regions of Alberta. 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 a very active 2011 planned. We look forward to advancing our projects over the next few months and will continue to aggressively look for additional acquisition opportunities," said Mr. Dhaddey.

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.

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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