EDMONTON, ALBERTA -- February 11, 2010 -- Titanium Corporation Inc. (the "Company") (TSX-V: TIC) further to its press release of December 2, 2009 today announced the appointment of Jennifer Kaufield as Vice President Finance and Chief Financial Officer effective March 1, 2010.
Ms. Kaufield is an experienced finance professional with over 15 years in private and public corporations spanning high-tech, mining and telecom industries. She has been a key contributor to developing and transitioning companies through R&D, commercialization and growth phases. Ms. Kaufield served in senior financial positions with resource and technology firms including Placer Dome and Catena Networks. At Catena Networks, Jennifer was part of the management team which lead the development of the firm from a small technology venture though a period of rapid growth cumulating to over 400 employees.
Jennifer holds a BBA, Accounting from St. Francis Xavier University and Chartered Accountant (CA) and Certified Public Accountant (CPA) designations. She will be located in the Company's Edmonton head office.
Effective February 1, 2010 Ms. Kaufield was granted 75,000 incentive stock options exercisable at $0.485 per share for a period of five years pursuant to the Company's stock option plan and in accordance with the policies of the TSX Venture Exchange.
About Titanium Corporation Inc.
Titanium Corporation Inc. is developing the technology necessary to recover heavy minerals and bitumen contained in the waste tailings streams from oil sands mining operations near Fort McMurray, Alberta. The potential benefits from this "Creating Value from Waste TM" proposition are twofold. First, the recovered minerals will have intrinsic value and will provide shareholders with a source of revenue. Second, by using an integrated approach to recovering minerals and bitumen, there is potential for industry-wide environmental benefit. The Company's shares trade on the TSX-V under the symbol TIC. For more information visit the Company's website at www.titaniumcorporation.com.
Neither the 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.
For further information, contact:
President & CEO
Vice President Finance & CFO
Tel: (403) 561-0439
Tel: (780) 760-0512 ext 302
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