News Releases

January 7, 2005
Stock Option Grant

Toronto, Ontario...January 7, 2005...Titanium Corporation Inc. (the "Corporation") [TSXV:TIC] today announced that the board of directors has approved issuance of 30,000 options to Mr. David Beldam, Manager, Special Projects, all exercisable at $3.05 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
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 from Canada's oil sands. 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 .

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

John Oxenford, Senior Vice-President
Titanium Corporation Inc.
(780) 984-0896

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