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January 24, 2008
Titanium Corporation Issues First Quarter Financial Statements

Toronto, Ontario....January 24, 2008...Titanium Corporation Inc. ("the Company") [TSX-V: TIC] announces that its quarterly financial statements for the three month period ended November 30, 2007 have been filed. The Company continues to maintain a strong balance sheet with a cash position of $20 million at the end of the quarter, no debt and expenses controlled to budget.

The Company's unaudited financial statements and Management's Discussion and Analysis for the first quarter of fiscal 2008 can be found on SEDAR at www.sedar.com and on the Company's website at www.titaniumcorporation.com.

Titanium Corporation also announces notice of its Annual and Special Meeting of Shareholders which will be held at the TSX Broadcast Centre Gallery, The Exchange Tower, 130 King Street West, Toronto, Ontario on Thursday, February 21, 2008 at 10:00 am Toronto/New York time.

About Titanium Corporation

Titanium Corporation Inc. is a Canadian company developing a commercial process to maximize the inherent value existing in the waste material currently being deposited in oil sands tailings in the Fort McMurray, Athabasca region. The Company is developing technology and processes to integrate the recovery of heavy minerals and bitumen contained in the froth treatment tailings of oil sands mining extraction operations. The potential exists in such processes not only to recover previously wasted resources, but also to simultaneously deliver environmental benefits with the objective of creating a new sustainable 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.

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

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