Titan Uranium Inc.

Titan Uranium Inc.

August 20, 2009 12:54 ET

Titan Uranium Inc. Announces 2nd Phase of 2009 Drill Campaign on Sand Hill Lake Project

SASKATOON, SASKATCHEWAN--(Marketwire - Aug. 20, 2009) - Titan Uranium Inc. ("Titan" or the "Company") (TSX VENTURE:TUE)(FRANKFURT:T4X), a North American generative explorer, is pleased to announce that drilling has commenced on the Company's Sand Hill Lake project. The project is the subject of an agreement between Titan and Vale Exploration Canada Inc. ("VEC"), an affiliate of Vale Inco Limited, each a wholly-owned subsidiary of Vale S.A. ("VALE") (NYSE:VALE). VEC can earn a 60% undivided interest in the project by funding Cdn $12 million in exploration over a five year period (Titan Uranium Inc. PR, April 11, 2008).

Major Drilling Ltd. has mobilized the drilling crew and equipment to the site and the first hole of this program was collared August 14, 2009. About 835 metres of drilling is planned on this phase of the project, which is operated by Titan. Previous drilling has intersected significant alteration, anomalous pathfinder elements and elevated uranium values in the sandstone rocks above a regional basement graphitic horizon. The sandstone and basement rocks show evidence of faulting, features that are typically seen in the vicinity of unconformity style uranium mineralization.

The Sand Hill Lake project includes the Sand Hill Lake and Rook II properties (20 claims totaling 84,224 hectares/208,122 acres) and is located in the southern central portion of the Athabasca Basin in north Saskatchewan. The project is adjacent to the Cameco Corp./Areva Resources Canada Inc./Formation Capital Corp. Virgin River property that hosts the Centennial deposit where the highest grade-thickness intervals reported to date are found in hole VR-031W1 which intersected 7.62% U3O8 over 17.8 metres (Formation Capital Corp. PR, March 26, 2009). Cameco has advised its partners that a conceptual study is planned for the summer of 2009 to assist in determining the potential economic viability of a uranium deposit in this region (Formation Capital Corp. PR, June 25, 2009).

Rodney R. Koch, P. Geo., B.Sc., is Titan's Qualified Person (as defined by National Instrument 43-101) for uranium projects and is responsible for the technical information contained in this release.

About Vale Exploration Canada Inc.

VEC is a wholly-owned subsidiary of Vale, the world's second largest mining company by market capitalization with its headquarters in Brazil. Vale reported revenues of US$38.5 billion and net earnings of US$13.2 billion as of December 31, 2008. Vale is committed to the pursuit of sustainable growth by operating with respect for the natural environment and being an ethically and socially responsible company.

About Titan Uranium Inc.

Titan has gained market recognition for its ability to attract strategic partners to participate in exploration on its properties in Canada by virtue of its 1.6 million acre land position and its technical expertise. The option agreement participants of Titan include: Japan Oil, Gas and Metals National Corporation (JOGMEC), Vale Exploration Canada Inc. (VEC), and Mega Uranium Ltd. These optionees are expected to contribute $4.7 million in exploration programs managed by Titan in 2009.

Titan recently announced a business combination with UPC (Titan Uranium Inc. PR, August 04, 2009) which adds a number of highly prospective properties, mainly in the United States, to Titan's portfolio. Prime among these is a 50% interest in the Sheep Mountain deposit which has an NI 43-101 compliant Inferred Resource (on a 100% basis) of:

4,560,000 tons, average grade of 0.17% eU3O8, (15.6 million lbs contained U3O8).

This resource estimate was reported in a technical report on the Sheep Mountain uranium project, prepared for UPC by Scott Wilson Roscoe Postle Associates Inc. and authored by C. Stewart Wallis, P. Geo. dated October 10, 2006. Additional information including the estimation method and cut-off grade may be found in the report which was filed on SEDAR www.sedar.com on October 12, 2006. The Sheep Mountain deposit has a current Mine Permit issued by the Wyoming Department of Environmental Quality. Several minor amendments to this permit will be required to reopen the mine.


Brian A. Reilly, President

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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