Toronto, Ontario...March 17, 2005...Titanium Corporation Inc. [TSXV: TIC] Executive Chairman, George Elliott announced today the appointment of Eric W. Slavens, FCA, as Director and Chairman of the Audit Committee of the Corporation. Since entering the public accounting profession in 1968, Mr. Slavens has dealt with a broad range of finance, reporting and governance issues servicing the needs of many successful private and public Canadian companies. He held the position of Managing Partner, Toronto Mid-Market office with Price Waterhouse and has served as the National IPO Services Leader, PricewaterhouseCoopers for the past ten years. Mr. Slavens will be retiring from the partnership on June 30, 2005. He also served as a member and chairman of a number of committees of the Institute of Chartered Accountants of Ontario and was elected as a Fellow of the Institute in 1985. Mr. Slavens recently completed the Corporate Governance College Program co-sponsored by the Canadian Institute of Corporate Directors and the Rotman School of Management.
"I am delighted to have Eric as a Director and Chairman of the Audit Committee", says Scott Nelson, Titanium Corporation President & CEO. "Eric's extensive experience will prove invaluable as Titanium Corporation moves towards commercialization of its oil sands project."
About Titanium Corporation
Titanium Corporation Inc. is a Toronto-based mineral exploration and development company whose shares are listed on the TSX Venture Exchange under the symbol "TIC", U.S. clearing symbol "TITUF", CUSIP Number: 88833T104. The Corporation's mission is to become the first titanium and zircon sand producer from Canada's oil sands. The Company also controls a well advanced 102 square kilometer mineral sand deposit located on the Shubenacadie River, Nova Scotia, Canada. For more information, please visit www.titaniumcorporation.com .
Note: This press release contains projections and forward-looking statements regarding future events. Such forward-looking statements are not guarantees of future performance of the Corporation and are subject to risks and uncertainties that could cause actual results and the Corporation's plans and objectives to differ materially from those expressed in the forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
For further information:
George Elliott, Executive Chairman
Titanium Corporation Inc.
416-955-0715 X 222
Scott Nelson, President & CEO
Titanium Corporation Inc.
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