Titanium Transportation Group Completes C$11.5 Million Bought Deal Private Placement Financing

WOODBRIDGE, ONTARIO--(Marketwired - July 7, 2015) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Titanium Transportation Group Inc. ("Titanium" or the "Company") (TSX VENTURE:TTR) is pleased to announce that it has completed its previously announced bought deal private placement (the "Offering") with a syndicate of underwriters led by GMP Securities L.P. and including Cormark Securities Inc., Desjardins Securities Inc., Mackie Research Capital Corporation and Salman Partners Inc. (collectively, the "Underwriters"). Pursuant to the Offering, the Company issued 4,036,500 units (the "Units") at a price of C$2.85 per Unit, for aggregate gross proceeds of C$11,504,025, which includes the full exercise of the over-allotment option by the underwriters.

Each Unit is comprised of one common share of the Company and one half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant", and together, the "Warrants"). Each Warrant is exercisable for a period of 24 months following the closing of the Offering at an exercise price of $3.50 per common share of the Company. The securities issued pursuant to the Offering are subject to a hold period which will expire four months and one day from the date of closing, being November 8, 2015.

In consideration for their services the Underwriters received a cash commission equal to 6.0% of the gross proceeds of the Offering.

The net proceeds from the Offering are expected to be used to fund equipment purchases, future acquisitions, working capital and general corporate needs.

The Offering remains subject to the final approval of the TSX Venture Exchange.

About Titanium

Titanium is a leading asset-based transportation and logistics company servicing Canada and the United States, with over 325 power units, approximately 1,100 trailers and approximately 400 employees and independent owner operators. Titanium provides truckload, dedicated, and cross-border trucking services, freight logistics, and warehousing and distribution to over 800 customers. Titanium is a recognized consolidator of asset-based transportation companies in Ontario, having completed seven asset-based trucking acquisitions since 2011. Titanium has also been ranked by PROFIT magazine as one of Canada's Fastest Growing Companies for six consecutive years.

Cautionary statement regarding forward-looking statements

Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking statements are provided for the purposes of assisting the reader in understanding Titanium's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may relate to Titanium's future outlook and anticipated events, and may include statements regarding the financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes and plans and objectives of or involving Titanium. Particularly, statements regarding the use of proceeds as well as the future results, performance, achievements, prospects or opportunities for Titanium or the industry in which it operates are forward-looking statements. In some cases, forward-looking information can be identified by terms such as "may", "might", "will", "could", "should", "would", "occur", "expect", "plan", "anticipate", "believe", "intend", "seek", "aim", "estimate", "target", "project", "predict", "forecast", "potential", "continue", "likely", "schedule", or the negative thereof or other similar expressions concerning matters that are not historical facts.

Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.

The forward-looking statements made in this press release are dated, and relate only to events or information, as of the date of this press release. Except as specifically required by law, Titanium undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

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