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September 8, 2006
Titanium Corporation Announces Granting Of Options

Toronto, Ontario....September 8, 2006...Titanium Corporation Inc. [TSX-V:TIC] ("the Corporation") announced that the board of directors has approved issuance of 175,000 stock options to officers and a director of the Corporation. These options are all exercisable at the price of C$1.98 per share for a period of five years, pursuant to the Corporation's stock option plan and in accordance with the policies of the TSX Venture Exchange.

About Titanium Corporation

Titanium Corporation Inc. is a Canadian mineral development company whose shares are listed on the TSX Venture Exchange under the symbol "TIC". The Company's mission is to become the first titanium and zircon sand producer from Canada's oil sands. Through extensive research, including the operation of a pilot facility and the construction of portable processing facilities utilized in on-site testing, the Company has developed proprietary technology to recover valuable titanium-bearing minerals and zircon from oil sands tailings. For more information, please visit our new website www.titaniumcorporation.com .

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

For further information:
Scott Nelson, President & CEO 
Titanium Corporation Inc. 
403-561-0439 
E-mail: snelson@titaniumcorporation.com 

Carolyn Muir, Investor Relations 
Titanium Corporation Inc.
416-955-0715 X 224
cmuir@titaniumcorporation.com

You can view the Next News Releases item: October 4, 2006, Titanium Corporation Announces On-Site Commissioning of Pilot Mineral Concentrator Plant

You can view the Previous News Releases item: September 5, 2006, Senior Oil Sands Executive Joins Titanium Corporation Board

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