Titanium Corporation Reports Fiscal 2015 Third Quarter Results and Update on Progress

CALGARY, ALBERTA--(Marketwired - July 28, 2015) - Titanium Corporation Inc. (the "Company" or "Titanium") (TSX VENTURE:TIC) today released a business update and its results for the third quarter ended May 31, 2015.

"The Company is progressing well through the oil sands operators' due diligence processes and working with third parties on innovative financing structures that would support commercial implementation," commented Scott Nelson, Titanium's President and Chief Executive Officer. "Our technology offers advantages to oil sands operators in meeting the challenges of low oil prices and new climate change regulations."

The following are highlights of relevant Company, industry, and Government developments:

• Oil sands operators are continuing confidential discussions and detailed technical and economic reviews of the Company's proposals to implement froth treatment tailings technologies. The Company has advanced flexible business models whereby customers may license technology, build certain of the facilities or have the Company, together with partners, build and operate.
• In response to continuing low oil prices in 2015, oil sands operators are focusing on opportunities to increase production from existing operations and reduce operating expenses. To address these industry requirements, the Company is marketing its technology's potential to recover additional bitumen production from tailings at a direct operating cost below $10 per barrel as well as potential operating cost savings related to: emissions and volume reductions from tailings; energy cost reductions through hot water recovery and reuse; improved tailings thickening, and reductions in hazardous materials.
• The industry is facing increased requirements to reduce emissions under recently announced Alberta Government climate change legislation. Greenhouse gas reduction requirements were increased from the current 12% to 20% and the cost of greenhouse gas technology fund credits was doubled from the current $15 per tonne to $30 per tonne, both over the next two years. The company's technology has the potential to reduce tailings emissions by recovering bitumen and solvents.
• There has also been increased regulation of oil sands tailings through the Alberta Government's new "Tailings Management Framework for the Mineable Athabasca Oil Sands" which requires the progressive treatment and reclamation of tailings during the life of operations. The operators are currently developing plans to meet the new framework, including the potential inclusion of the Company's technology.
• The environmental impacts of froth treatment tailings have been highlighted in a recently released independent report prepared for the Canadian Government which cited Titanium's technology as a solution for froth treatment tailings. The report (titled "Council of Canadian Academies, 2015. The Expert Panel on the Potential for New and Emerging Technologies to Reduce the Environmental Impacts of Oil Sands Development") found that "air pollutants arising from decomposition of residual hydrocarbons in tailings ponds can be treated by keeping froth treatment tailings, the major source of such contaminants (e.g., solvents, VOC's) out of the tailings ponds and treating them separately" and noted that separate treatment "…would reduce fugitive emissions and toxicity that remain in the froth tailings….avoid expensive reclamation issues unique to this material…..allow for the recovery of bitumen and metals."
• Establishing a new heavy minerals industry, by deploying the Company's tailings minerals recovery technology, continues to represent an attractive potential opportunity to increase resource recovery and economic diversification. In contrast to oil prices, zircon and titanium prices have remained stable during 2015, with industry forecasts for moderate growth in demand and pricing in future years.
• To ensure adequate capital resources are available during commercialization, the Company is continuing efficiency programs to reduce expenses, conserve cash and evaluate funding options. The Company's executive officers are receiving a significant portion of their compensation in share units and Directors receive all of their compensation in share units to both conserve cash and further align with shareholder's interests.

FINANCIAL OVERVIEW