EDMONTON, ALBERTA -- November 30th, 2009 -- Titanium Corporation Inc. (the "Company") (TSX-V: TIC)
The Board of Directors effective today approved the grant of 600,000 incentive stock options to Consultants, Officers and Directors of the Company. These stock options are subject to vesting over a period of 18 months with one-sixth of the option shares vesting at the end of each three month period following the date of grant and are all exercisable at $0.68 per share for a period of five years from November 30th, 2009, 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 "Value from Waste" 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 benefits. The Company's shares trade on the TSX-V under the symbol TIC. For more information, please visit 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, contact:
President & CEO
Tel: (403) 561-0439
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