Toronto, Ontario....July 7, 2008...Titanium Corporation Inc. ("the Company") [TSX-V: TIC] is pleased to announce the addition of Dr. Kevin Moran to the Company's management team as Vice President, Process Development. Dr. Moran brings an extensive oil sands background and is a recognized leader of bitumen extraction and recovery technologies.
Dr. Moran will be responsible for advancing hydrocarbon recovery research programs at the Company's Regina research facility and in concert with the Company's research partners in Canada and the United States to ultimately deliver a commercially viable technology. He will work closely with the Company's minerals technical team to develop an integrated commercial recovery solution for bitumen and minerals. Successful development and delivery of this technology will have a significant economic and environmental impact for the oil sands industry and the Company.
The Company currently has research and development programs underway at multiple sites in Canada and the United States. Dr. Moran will be responsible for accelerating these programs from laboratory based solutions through pilot field testing and commercial feasibility to full scale operations.
Dr. Moran holds a PhD in Chemical Engineering from the University of Alberta, a Masters degree in Chemical Engineering from the University of Toronto and undergraduate Engineering and Science degrees from the University of Western Ontario. He joins the Company from Syncrude Canada Ltd., where he managed research and pilot programs in oil sands bitumen extraction and froth treatment technologies.
Dr. Moran will be based in Edmonton, where he will represent the Company in oil sands industry forums, Government relationships and research organizations. He will also continue in his role as Adjunct Professor at the Department of Chemical and Materials Engineering at the University of Alberta.
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 region. The Company is developing technology and processes to integrate the recovery of heavy minerals and bitumen contained in the froth treatment tailings of oil sands mining extraction operations. The potential exists in such processes to recover previously wasted resources and also to simultaneously deliver environmental benefits 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.
Disclosure regarding forward-looking statements
We direct you to our risks and uncertainties statements more particularly described and updated in Titanium Corporation's Quarterly Management's Discussion and Analysis filed for the period ended February 29, 2008, on SEDAR (www.sedar.com). Most notably these risks include, but are not limited to: risks associated with the advancement of research and development programs including the successful commercial recovery of bitumen and heavy minerals and operating or technical difficulties in connection with development activities. All subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
For further information:
Gordon Pridham, Executive Chairman
Titanium Corporation Inc.
Carolyn Muir, Investor Relations
Titanium Corporation Inc.
416-955-0715 X 224
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