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April 19, 2007
Titanium Corporation Inc. Quarterly Update

Conference call and webcast scheduled for 11:00am EST on Monday April 23, 2007

Toronto, Ontario...April 19, 2007...Titanium Corporation [TSX.V:TIC] is pleased to provide an update on its operations to develop a new sustainable source of titanium and zircon from Canada's oil sands following the filing of its quarterly financial statements for the six month period ended February 28, 2007.

TITANIUM CORPORATION HIGHLIGHTS:
 

  • Completed the evaluation of results from the Fort McMurray on-site pilot concentrator program which achieved high recoveries of heavy minerals concentrate (HMC) of 98 to 99%. The HMC was obtained from the Company's pilot concentrator plant, which recovered a titanium and zircon concentrate from oil sands tailings during October 2006.
  • Commenced technical programs to improve the removal and recovery of hydrocarbons in the minerals concentration process and test the improvements.
  • Commenced final stage testing of zircon separation circuits at the Company's Regina facilities and production of zircon product samples for shipping to prospective customers.
  • Commenced testing of titanium separation circuits and final product recovery from the HMC together with titanium market development in Asia.
  • Visited prospective customers and business partners in Asia - the world's fastest growing market for titanium and zircon, particularly China. Strong market demand for zircon has continued into 2007, with reported prices exceeding US$800 per tonne.
  • Completed the evaluation of one year's oil sands drill core samples for heavy mineral content. Heavy minerals were present in all of the samples and have been correlated to the tailings samples for the period.
  • Filed patent applications in Canada and the United States for certain proprietary processes developed by the Company for the extraction and concentration of heavy minerals from oil sands tailings.

A number of development programs are continuing through the current quarter including the hydrocarbon work, titanium development, and the evaluation of drill cores related to the oil sands future mining program and daily pipeline sampling to assess the overall heavy minerals resource. Following the successful completion of these programs, Titanium Corporation expects to commence a final engineering feasibility study later in 2007. During the quarter, Titanium Corporation continued its program to add mineral sands, oil sands and financial markets experience to the Board with the appointment of Gordon Pridham as a Director. Mr. Pridham brings extensive financial markets experience in Canada, the United States and Asia. Three long serving Directors retired during the period and the Board is now comprised of seven members - five independent and two management Directors. 

Titanium Corporation continues to maintain a strong balance sheet with a cash position of $21 million at the end of the quarter, no debt and expenses controlled to budget.

Titanium Corporation's financial statements and MD& A for the second fiscal quarter of 2007 are available on SEDAR at www.sedar.com and on Titanium Corporation's website at www.titaniumcorporation.com .

Titanium Corporation Inc. will host an update conference call at 11:00 am Toronto/NewYork time (EST) on Monday, April 23, 2007. The North American toll-free conference call dial-in number is 1-866-585-6398 and the local/international dial-in is 416-849-9626. A live webcast of the conference call, including a slide presentation, will be available to all interested parties through Titanium Corporation's website www.titaniumcorporation.com or through www.investorcalendar.com . A replay of the conference call will be available until May 2, 2007; local dial-in at 416-915-1035 and toll-free dial-in at 1-866-245-6755, passcode number 172391. 

About Titanium Corporation

Titanium Corporation Inc. is a Canadian company developing a commercial minerals recovery project in the Fort McMurray, Athabasca oil sands region. Through extensive research, including the construction and operation of pilot processing facilities, the Company has developed proprietary processes and technology to recover valuable titanium-bearing minerals and zircon from oil sands tailings. Titanium Corporation's technology could be applied to existing and planned mined oil sands projects with the objective of creating a new sustainable minerals industry for Canada. Titanium Corporation Inc. shares trade on the Toronto Venture Exchange (TSX.V) under the symbol TIC. For more information, please visit our website www.titaniumcorporation.com.

Disclosure regarding forward-looking information

Note: This press release does not contain forward-looking information. However, we do direct you to our risks and uncertainties statements more particularly described and updated in Titanium Corporation's Quarterly Management's Discussion and Analysis filed for the three and six months ended February 28, 2007, on SEDAR (www.sedar.com). Most notably these risks and assumptions include, but are not limited to: changes in the worldwide price of zircon; risks associated with future plans and objectives; operating or technical difficulties in connection with development activities; and development time lines and priorities. All subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Corporation assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

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
E-mail: cmuir@titaniumcorporation.com

You can view the Next News Releases item: June 22, 2007, Titanium Corporation Inc. Oil Sands Drill Core Evaluation Program

You can view the Previous News Releases item: January 24, 2007, Titanium Corporation Inc. Quarterly Update

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