Toronto, Ontario...December 17, 2007...Titanium Corporation Inc. [TSX-V:TIC] today announces the appointment of Victor Wells as Chief Financial Officer of the Corporation. Mr. Wells is a corporate director and finance specialist with over 20 years experience in the resources, transportation and manufacturing industries.
Mr. Wells has held Vice President Finance, Chief Financial Officer and senior financial positions with Chemtrade Logistics, Tahera Diamond Corporation, TVX Gold and Placer Dome. He is a member of the Financial Executives International (FEI) and recently completed a term as National President and CEO. He has been a Chapter President and Director and currently serves as Vice Chair of the Committee on Corporate Reporting. Mr. Wells is a Chartered Accountant and a Fellow of the Institutes of Chartered Accountants of Ontario and British Columbia.
Mr. Wells completed the Directors Education Program at the Institute of Corporate Directors, Corporate Governance College and obtained his ICD.D designation. He currently serves as Director and Chair of the Audit Committee of both Northstar Healthcare Inc. and MagIndustries Corporation and as a Director of Student Transportation Ltd.
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 oil sands region. Through extensive research, including the construction and operation of pilot processing facilities, the Company is developing technology to integrate the recovery of heavy minerals and bitumen from mined 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 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.
Carolyn Muir, Investor Relations
Titanium Corporation Inc.
416-955-0715 X 224
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