Titanium Corporation

Titanium Corporation

March 18, 2005 11:06 ET

Titanium Corporation Inc. Appoints Officer and Grants Stock Options


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TITANIUM CORPORATION

TSX VENTURE SYMBOL: TIC

MARCH 18, 2005 - 11:06 ET

Titanium Corporation Inc. Appoints Officer and Grants
Stock Options

TORONTO, ONTARIO--(CCNMatthews - March 18, 2005) - Titanium Corporation
Inc. (TSX VENTURE:TIC) announces the appointment of Dr. Salustio Guzman
as Vice-President, Marketing and Technology effective March 17, 2005.
Dr. Guzman joined Titanium Corporation in May 2004 as Manager of Process
Upgrading Technologies (see news release dated May 10, 2004.) In his new
role, Dr. Guzman will be responsible for taking final titanium and
zircon products to market, establishing purchase agreements with
downstream consumers and ensuring high quality products reach customers
in the most efficient manner. Salustio will continue to oversee the
evaluation and design of the most suitable technology to increase the
quality of the titanium and zircon concentrates from Titanium
Corporation's Oil Sands Project.

Dr. Guzman, a graduate from the Henry Krumb School of Mines, Columbia
University, New York, with a Doctorate in Engineering Science
(Extractive Metallurgy), has over 20 years of metallurgical engineering
experience. Dr. Guzman was Project Leader and Research Scientist for
Alcan International Ltd. and he was Senior Research Director of Rio
Tinto's QIT Division, one of the world's top five feedstock producers.
He also was a professor-lecturer for the Department of Mining, Metals
and Materials Engineering at McGill University.

"Titanium Corporation is fortunate to have a world-class technical and
management team, which will play an integral role as we move toward the
commercialization phase of our project to recover titanium and zircon
from oil sands tailings, " says Titanium Corporation President and CEO,
Scott Nelson.

The Corporation also announces that on March 17, 2005, the board of
directors approved the issuance of 75,000 stock options to Mr. Eric
Slavens, a newly appointed director of the Corporation, 50,000 options
to Mr. Brad Kipp, Chief Financial Officer, 50,000 options to Mr. George
Duguay, Corporate Secretary, and 50,000 options to each of George
Elliott, Art Ditto, Ron Arnold, Bill Welsh, John Zaozirny and Stephen
Rankin, all directors of the Corporation. These options are exercisable
at $3.86 per share for a period of five years, subject to the
Corporation's stock option plan and to regulatory approval. In keeping
with the policies of the TSX Venture Exchange and the Corporation's
stock option plan, these options shall vest in stages over a period of
18 months.

About Titanium Corporation

Titanium Corporation Inc. is a Toronto-based mineral exploration and
development company whose shares are listed on the TSX Venture Exchange
under the symbol "TIC", U.S. clearing symbol "TITUF", CUSIP Number:
88833T104. The Corporation's mission is to become the first titanium and
zircon sand producer from Canada's oil sands. The Company also controls
a well advanced 102 square kilometer mineral sand deposit located on the
Shubenacadie River, Nova Scotia, Canada. For more information, please
visit www.titaniumcorporation.com.

Note: This press release contains projections and forward-looking
statements regarding future events. Such forward-looking statements are
not guarantees of future performance of the Corporation and are subject
to risks and uncertainties that could cause actual results and the
Corporation's plans and objectives to differ materially from those
expressed in the forward-looking statements.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Titanium Corporation Inc.
    George Elliott
    Executive Chairman
    (416) 955-0715 X 222
    pr@titaniumcorporation.com
    or
    Titanium Corporation Inc.
    Scott Nelson
    President & CEO
    (403) 561-0439
    snelson@titaniumcorporation.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.