EDMONTON, ALBERTA - December 2, 2009 - Titanium Corporation Inc. ("Titanium" or the "Company") (TSX-V: TIC)
Titanium reports that Mr. Vincent Gallant, Vice President Finance and Chief Financial Officer of the Company has tendered his resignation for personal reasons. "Vince will continue in his current role until the end of February, 2010" said Mr. Scott Nelson, President & Chief Executive Officer who added "A search for a new CFO has been initiated and Vince has agreed to provide support during the transition period."
Mr. Gallant was instrumental in facilitating the relocation of the Company's head office from Toronto, Ontario to Edmonton, Alberta together with other cost savings initiatives. The Company would like to thank Mr. Gallant for his contribution as Vice President Finance and Chief Financial Officer and wish him the best in the future.
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
Tel: (403) 561-0439
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