CALGARY, ALBERTA – November 2, 2015 – Titanium Corporation Inc. (the "Company" or "Titanium") (TSX V: TIC) is pleased to announce that the Company has made a formal submission to the Alberta Government's Royalty Review Panel (the "Royalty Panel") titled "Optimizing Royalties to Create Economic Growth, Diversification and Sustainable Development for Alberta" (the "Submission").
The Company's Submission makes a number of recommendations for measures that will assist Alberta in meeting the key objectives of the Panel's review in the areas of fostering investment, economic diversification, innovation and supporting responsible development of Alberta's resources. These recommendations include optimizing royalties to create a new minerals industry, encourage the recovery of bitumen from tailings and to create linkages between the royalty system and sustainable development. The Company's Submission also recommends that Alberta enlist the resources of its institutions (e.g. AIMCO, ATB, CCEMC) and Alberta's world class energy infrastructure firms (e.g. pipelines, processing, midstream) to create an "environmental infrastructure" sector, in order to more rapidly address climate change and other environmental issues.
The Company's Submission to the Royalty Panel may be viewed on Titanium's website http://www.titaniumcorporation.com/s/Presentations.asp
About Titanium Corporation Inc.
Titanium Corporation's CVWTM technology provides sustainable solutions to reduce the environmental footprint of the oil sands industry. The Company's technology reduces the environmental impact of oil sands tailings while economically recovering valuable products that would otherwise be lost. CVWTM recovers bitumen, solvents and minerals from tailings, preventing these commodities from entering tailings ponds and the atmosphere: volatile organic compound and greenhouse gas emissions are materially reduced; hot tailings water is improved in quality for recycling; and residual tailings can be thickened more readily. A new minerals industry will be created commencing with the production and export of zircon, an essential ingredient in ceramics. The Company's shares trade on the TSX Venture Exchange under the symbol "TIC". For more information, please visit the Company's website at www.titaniumcorporation.com.
For further information, contact:
|Scott Nelson||Jennifer Kaufield|
|President & CEO||Vice President Finance & CFO|
|Tel: (403) 561-0439||Tel: (403) 874-9498|
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.
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