Titan Uranium Inc.

Titan Uranium Inc.

December 01, 2009 15:09 ET

Titan Uranium Discovers New Mineralized Zone on Green River South Project, Utah

SASKATOON, SASKATCHEWAN--(Marketwire - Dec. 1, 2009) - Titan Uranium Inc (TSX VENTURE:TUE)(FRANKFURT:T4X) is pleased to announce that it has completed a 20-hole drilling program on the Green River South project, Emery County, UT. The drilling, which included follow-up to targets identified from an airborne geophysical program, has led to the discovery of a new zone of uranium mineralization. Drill intercepts in this new zone, the Ursa zone, include 3 feet (0.9 metres) averaging 0.276% eU3O8 in GRS-1035 and 3.5 feet (1.1 metres) averaging 0.127% eU3O8 in GRS-1025.

Titan has an option to earn up to an 85% interest in the Green River South project. The property comprises 582 mining claims, covering 11,989 acres/4850 ha, plus 5 state mining leases covering some 3,257 acres/1318 ha, in Utah's San Raphael mining district, approximately 90 miles from the Shootaring Canyon Mill. The property includes the historic Sahara Mine.

The program consisted of 12,560 feet (3830 metres) of drilling in 20 holes. The drilling contractor was Carroll Drilling of Moab, Utah and the logging contractor was Hawkins CBM Logging of Cody, WY. Equivalent uranium grades (eU3O8) were estimated by the logging contractor using industry standard equipment which was regularly calibrated in the US Department of Energy test pits in Grand Junction, CO.

Of the 15 holes drilled in the Ursa zone, 4 were deemed to be mineralized, 3 intercepted low grade uranium mineralization, 7 contained anomalous levels of uranium and one was barren , and. This new zone extends at least 2000 feet in a NW-SE direction and its width is currently undefined. The mineralization is located within sand horizons in the Jurassic Salt Wash formation. The five holes (GRS 1037-1041) drilled on targets outside of the Ursa zone, were not mineralized.

Grade-thickness (GT) thresholds of 0.03-0.10 ft% eU3O8 for anomalous uranium, 0.10-0.25 ft% for low grade mineralization, and greater than 0.25ft% for mineralized were applied. As a result of the discovery of this new mineralized zone, Titan has added 42 lode mining claims to fully cover the potential extensions of the zone. Detailed results from all drill holes are shown in the table below.

Hole IDTotal Depth (ft)thickness (ft)grade %eU3O8GT  ft% eU3O8 
GRS 102252030.0170.05 
GRS 102362030.10.30 
GRS 102442020.0060.12 
GRS 10255203.50.1270.44 
GRS 1026520  barren 
GRS 102766030.0120.04 
GRS 102870060.0480.29 
GRS 10296801.50.0680.10 
GRS 103070020.0160.03 
GRS 103160020.0160.03 
GRS 103272030.0250.08 
GRS 103366030.0290.09 
GRS 10347201.50.0410.06 
GRS 103562030.2760.83 
GRS 10366001.50.1180.18 
GRS 10378000.50.0140.01 
GRS 1038660  barren 
GRS 10396000.50.010.01 
GRS 1040620  barren 
GRS 1041620  barren 

Chris M. Healey, P. Geo, COO for Titan, is the qualified person responsible for the technical information contained in this release.

About Titan Uranium Inc.

Titan Uranium's vision is to be a leading mid-tier North-American uranium exploration, development and mining company. Our mission is to create shareholder value by advancing quality projects to production.

Our growth strategy is driven by three elements:

• Development: A pre-feasibility study has been launched at the Sheep Mountain Uranium Project, Wyoming. The deposit contains a NI 43-101 compliant inferred resource of 15.6M lbs. of U3O8 (4,560,000 tons at 0.17% eU3O8).

• Exploration: The goal is to discover world class uranium deposits by exploring over 1.5M acres of land in the proven Athabasca and prospective Thelon Basins. Exploration programs are also active in Utah and Wyoming.

• Consolidation: The Company is actively pursuing M & A opportunities and focused on uranium-friendly jurisdictions such as Saskatchewan and Wyoming.

Titan has gained market recognition for its ability to attract strategic partners to participate in the exploration of its properties. Japan Oil, Gas and Metals National Corporation, Vale Exploration Canada Inc. and Mega Uranium Ltd. are partners in current exploration programs managed by Titan.

Titan is well-financed and ideally positioned to emerge as a pre-eminent player in the uranium industry.


Brian A. Reilly, President

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Titan Uranium, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Titan Uranium's expectations are exploration risks detailed herein and from time to time in the filings made by Titan Uranium with securities regulators.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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