Titan Uranium Inc.
TSX VENTURE : TUE
FRANKFURT : T4X

Titan Uranium Inc.
Uranium Power Corp.
TSX VENTURE : UPC

Uranium Power Corp.

July 23, 2009 18:18 ET

Uranium Power Corp. Shareholders Approve Business Combination With Titan Uranium Inc.

SASKATOON, SASKATCHEWAN--(Marketwire - July 23, 2009) - Titan Uranium Inc. (TSX VENTURE:TUE)(FRANKFURT:T4X) ("Titan") and Uranium Power Corp. (TSX VENTURE:UPC) ("UPC") are pleased to announce that UPC's shareholders voted in favour of the previously announced business combination with Titan, pursuant to a plan of arrangement by which Titan will acquire all of the issued and outstanding shares of UPC, at a special meeting of UPC's shareholders held today. Assuming final approval is obtained from the British Columbia Supreme Court, the business combination is expected to close on or about July 31, 2009.

Refer to the business combination agreement between Titan and UPC dated May 8, 2009 and the management information circular of UPC dated June 23, 2009, each available on SEDAR at www.sedar.com, for additional information regarding the Plan of Arrangement and matters related thereto.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information contained in this news release constitutes forward-looking information within the meaning of applicable securities legislation (collectively, "forward-looking statements"). All statements in this news release that are not statements of historical fact (including statements containing the words "assuming", "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions) should be considered forward-looking statements. All such forward-looking statements are subject to important risk factors and uncertainties, many of which are beyond Titan and UPC's ability to control or predict. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements.

Titan and UPC assume no obligation to update the information in this communication, except as otherwise required by law. Additional information identifying risks and uncertainties is contained in Titan's and UPC's respective filings with the various provincial securities commissions which are available online at www.sedar.com. Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of the management of each of Titan and UPC relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. Readers are also cautioned not to place undue reliance on these forward-looking statements, that speak only as of the date hereof.

This news release and the information contained herein does not constitute an offer of securities for sale in the United Sates and securities may not be offered or sold in the United States absent registration or exemption from registration.

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.

Contact Information