Toronto, Ontario....December 19, 2007...Titanium Corporation Inc. [TSX-V:TIC] today announces the appointment of Gordon Pridham as Executive Chairman of the Corporation. Mr. Pridham will work closely with senior management and key stakeholders as the Company moves into the next phase of development.
Since joining Titanium Corporation's Board as a director in December 2006, Mr. Pridham, has provided valuable market advice and strategic guidance to the Company. He is an accomplished executive with more than 25 years experience in investment banking, capital markets and corporate banking. Mr. Pridham has financed and advised companies across a broad range of sectors in both public and private markets. He has a wealth of experience in the energy and natural resources sectors, having worked in the Energy and Minerals group of Chemical Bank and National Bank in New York, Calgary, Toronto and Hong Kong. After working for Merrill Lynch he went on to manage the Canadian Investment Banking groups at Deutsche Morgan Grenfell, Research Capital, and Raymond James. He has sat on the boards of various public and private companies. With this background, he has detailed knowledge on how companies fund their growth, acquire new business and provide value back to shareholders.
Mr. Pridham is President and CEO of Edgewater Capital Inc. and Chairman of Monarch Wealth Management. He is a graduate of the Institute of Corporate Directors program and a graduate of the University of Toronto. Mr. Pridham also serves as a director of Newalta Income Fund, Canada's leading industrial waste management and environmental services company focused on maximizing the value inherent in oilfield and industrial waste through the recovery of saleable products and recycling.
"Gord Pridham's extensive relationships in the investment and natural resources communities are particularly valuable to Titanium Corporation at this point in the Company's development" says Titanium Corporation's acting Chairman, Eric Slavens. We look forward to his guidance and leadership as the Company moves towards its goal to develop sustainable technology for the commercial recovery of minerals and bitumen from oil sands"
Eric Slavens will reassume the role of Lead Independent Director of the Company effective immediately.
About Titanium Corporation
Titanium Corporation Inc. is a Canadian company developing a commercial process to maximize the inherent value existing in the waste material currently being deposited in oil sands tailings in the Fort McMurray, Athabasca oil sands region. Through extensive research, including the construction and operation of pilot processing facilities, the Company is developing technology to integrate the recovery of heavy minerals and bitumen from mined oil sands tailings. Titanium Corporation's technology could be applied to existing and planned mined oil sands projects with the objective of creating a new sustainable industry for Canada. Titanium Corporation Inc. shares trade on the Toronto Venture Exchange (TSX.V) under the symbol TIC. For more information, please visit our website www.titaniumcorporation.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and
accuracy of this release.
For further information:
Scott Nelson, President & CEO
Titanium Corporation Inc.
Carolyn Muir, Investor Relations
Titanium Corporation Inc.
416-955-0715 X 224
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