News Releases

December 15, 2010
Titanium Corporation Announces Completion of Private Placement


EDMONTON, ALBERTA - December 15, 2010 - Titanium Corporation Inc. ("Titanium" or the "Company") (TSX-V: TIC) is pleased to announce that it has completed a brokered private placement for aggregate gross proceeds of $14,331,000. Under the private placement, the Company issued 7,165,500 units at a price of $2.00 per unit. Each unit consists of one common share of the Company and one half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $2.50 per common share. The warrants expire on June 15, 2012. The Company paid the agents cash commission of $852,060, and issued to the agents a total of 426,030 broker warrants. The broker warrants have the same terms and conditions as the other warrants issued under the offering.

All securities issued pursuant to the private placement are subject to a four-month hold period from the closing date. The private placement is subject to the final approval of the TSX Venture Exchange.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended or any U.S. state securities laws and may not be offered or sold in the United States or to United States persons absent registration or any applicable exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Titanium Corporation Inc.

Titanium Corporation Inc. is developing technology 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 bitumen and minerals will have intrinsic value and are expected to 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 common shares trade on the TSX Venture Exchange under the symbol "TIC". For more information, visit the Company's website at

Forward Looking Information

This press release contains forward looking information relating to the Company's business. This forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information includes, without limitation, statements based on current expectations which are based on assumptions and subject to a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. These risks and uncertainties are more particularly described and updated in the Company's documents filed with the Canadian securities regulatory authorities on SEDAR at Most notably these risks and assumptions include, but are not limited to: successful removal/recovery of zircon, bitumen and solvent; changes in worldwide prices of zircon and titanium; fluctuation in exchange rates; development and commercialization plans; legislative, political or economic developments including changes to relevant legislation in Canada; operating or technical difficulties in connection with development activities; requirement for additional funding; development timelines; potential values of recovered zircon, bitumen and solvent; expected future oil sands production & bitumen losses; and prospective results of operations, financial position or cash flows that are based on assumptions about future economic conditions and courses of action. These and all subsequent written and oral forward-looking information are based on reasonable estimates, opinions and assumptions of management on the dates they are made and are expressly qualified in their entirety by this notice and the Company's documents filed with the Canadian securities regulatory authorities on SEDAR at The forward looking statements contained in this press release are made as of the date hereof and Titanium undertakes no obligation to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Service 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, please contact:

Scott Nelson 
President and CEO 
Phone: (403) 561-0439 

Andreas Curkovic
Investor Relations
Phone: (416) 577-9927

You can view the Next News Releases item: January 11, 2011, Titanium Corporation Announces Dr. Kevin Moran as ASTech Honouree

You can view the Previous News Releases item: November 30, 2010, Titanium Corporation Announces Private Placement

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