Titan Uranium Inc.

Titan Uranium Inc.

September 08, 2009 16:47 ET

Titan Uranium Inc. Announces the Appointment of Don Ching as Non-Executive Chairman

SASKATOON, SASKATCHEWAN--(Marketwire - Sept. 8, 2009) - Titan Uranium Inc. ("Titan" or the "Company") (TSX VENTURE:TUE)(FRANKFURT:T4X), a North American exploration and development company, is pleased to announce the appointment of Mr. Don Ching as Non-Executive Chairman of the Board of Directors.

Mr. Ching is a retired businessman who sits as a corporate board member for several organizations and businesses and acts as a consultant on various projects. Mr. Ching was the President and Chief Executive Officer of AREVA Resources Canada Inc. from January, 2005 to December, 2007 and prior to that was the President and Chief Executive Officer of SaskTel. Mr. Ching has also served as the President of Crown Investment Corporation, as a managing partner in the law firm of Mitchell Taylor Romanow Ching (now Woloshyn & Company) and as Executive Vice President of the Potash Corporation of Saskatchewan. Mr. Ching is a member of the Saskatchewan Bar Association.

Brian Reilly, Titan's President and CEO, commented, "Don brings tremendous business acumen and leadership to the Titan Board. His extensive experience in the private and public sector will add a valuable dimension to the company as Titan pursues its growth strategy in Canada and the USA. We are very pleased to have Don join the Titan team."

The Company also wishes to announce that pursuant to the Company's Stock Option Plan, it has granted incentive stock options to its officers, directors, employees and consultants to purchase up to an aggregate of 3,552,500 common shares in the capital stock of Titan Uranium Inc., exercisable for a period of three years, at a price of $0.265 per share. 75,000 of the options are granted to Calico Management Corp. (Calico). Calico has been retained by the Company to provide investor relations services pursuant to a contract ending December 31, 2009 for fees totaling $3,000 per month.

About Titan Uranium Inc.

Titan recently announced a business combination with Uranium Power Corp. (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 100% interest in the Sheep Mountain deposit which has an NI 43-101 compliant Inferred Resource 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 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 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.

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


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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