SOURCE: Titan Resources International Corp.

April 27, 2011 12:45 ET

Titan Resources International Corp. Enters Into Option Agreement for Additional Silver Property

TORONTO--(Marketwire - Apr 27, 2011) - Titan Resources International Corp. (PINKSHEETS: TNRI) (FRANKFURT: 36T1) is pleased to announce that the Company has signed a Mining Option Agreement for a Silver bearing property pursuant to which the Company can earn up to a 66% interest on the Silver bearing property which is located in the geographically well positioned Slocan area of British Columbia, Canada, which is well known for its numerous past producers, historic mineral showings and current operating mines.

"We are extremely pleased that we have been able to successfully complete this transaction which will allow our firm to continue exploration in this very promising area. This agreement enables us to establish a significant regional presence with multiple exploration properties all located in the heart of a historic mining area. We intend to continue growing our exploration property portfolio and rapidly advance our existing properties through exploration," commented Titan CEO Bill Akrivos.

Project Summary

Mining Division: Slocan
The geology of the Well 2 Claim is part of a well known and well documented northwest-trending belt of sedimentary rocks called the Slocan Group. These units host the mineralized veins in the area. Mines in the Slocan district exploited steeply dipping silver-lead-zinc veins and silver-lead-zinc veins and replacement deposits hosted in shales and limestone of the Slocan Group. The mineralization in the area occurs in quartz and calcite veins in shear zones that cut the Slocan sediments and generally trend northeast-southwest. The main mineralization includes galena, sphalerite with lesser pyrite, and chalcopyrite. Upper parts of the veins also contain ankerite. Silver is associated with the galena. The Well 2 Claim is located along strike from the Wellington Mine which is situated approximately 1 km to the east. The Wellington Mine was active for 42 years from 1892 to 1934 and produced a total of 1779 tonnes of ore which yielded 3,653,134 grams silver, 124 grams gold, 231,478 kilograms lead and 87,286 kilograms zinc.

The Wellington lode is considered part of an east-west lode system consisting of the Wellington-Sunset-Colorado lodes. The Wellington lodes are strongly sheared, mineralized fissure zones, crosscutting at very shallow angles, mainly across slaty argillaceous sediments of the Slocan Group. At the Wellington occurrence, the lode comprises a hanging wall lode (south lode) and a footwall lode (north lode). The south lode strikes 050 degrees and dips 60 degrees southeast. The north lode strikes 090 degrees and dips 70 degrees north. Most the ore came from the north lode, where up to 1.5 metres of galena was mined in the winze between the 40 and 80 foot levels. The Matheson adit, intersecting the north lode, and located close to the Well 2 Claim, was extended to a total length of 660 metres by 1963. The lodes consist of stringers and pockets of quartz, siderite and carbonate which contain galena with lesser tetrahedrite and sphalerite and have good silver content.

Geological reports describing this area have indicated unexplored ore possibilities existing around past silver-lead-zinc producers in the region with the probability that the mineralization extends beyond the main centers of mining. Recent work in the area has indicated that modern exploration programs such as stream sediment sampling and diamond drilling have the potential to discover previously unknown mineralization. Recent work on surrounding mining properties confirmed the occurrence of precious metal bearing veins, with potential to identify previously unidentified viable economic reserves.

Trenching was done in the vicinity of the former Homestake adit in 1984, during an exploration program by Rex Silver Mines. Trench 84-2 was excavated to determine whether quartz veins increased in abundance. A gossan in phyllite was trenched and sampled. Sample SSRk 33 yielded 71.53 grams per tonne silver, 2.00 per cent lead and 4.00 per cent zinc (Assessment Report 13465). It was noted in the report of this work that while the source was considered close, the deep overburden in this area did not allow detailed investigation of this result. During an exploration program conducted by a neighboring company and reported in the BC Government files, two samples of heavy mineral material were collected from two streams that drain the Well 2 Property. Results reported showed 12.8 g and 12.2 g of gold respectively and over 21 g of silver. Notably the results appear to be related to coarser grained material, suggesting that the source is proximal to the sampling location.

An airborne magnetic and electromagnetic survey (AEM) completed over the claim by a neighboring company and reported in the B.C. Government assessment files appears to indicate that a strong AEM anomaly which overlies the Wellington Lode system continues across the Well 2 Claim. The significance of this anomaly will await details of a geophysical interpretation currently being carried out, but appears to indicate that the Wellington Veins could continue onto the Well 2 Claim.

About Titan Resources International Corp.:
Titan Resources International Corp. is a publicly traded resource exploration company dedicated to the acquisition, exploration and development of small to medium size precious metals properties of exceptional merit. Please visit our company website at

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