Toronto, Ontario...March 17, 2004...Titanium Corporation Inc. (the "Corporation") [TSXV:TIC] today announced that the board of directors has approved issuance of 100,000 options to Mr. John B. Zaozirny, Q.C., a director of the Corporation, all exercisable at $2.06 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 (the "Exchange") and the Corporation's stock option plan, these options shall vest in stages over a period of 18 months and will be subject to a four month Exchange hold period.
About Titanium Corporation Inc.
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 in Canada. On June 4, 2003, the Company entered into a three-way two-year exclusivity agreement between itself, Syncrude Canada Ltd. and a major TiO2 pigment producer, to jointly explore and develop the potential for extracting and producing titanium-bearing minerals and zircon from Syncrude's centrifuge plant tailing stream. 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
For further information:
George Elliott, Chairman
Titanium Corporation Inc.
(416) 955-0715 X 222
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