Titan Announces Preliminary Q4 2021 Production Results and Provides 2022 Production and Cost Guidance - Seite 2

The financial success at ESM’s operations will allow for more discretionary expenditure to be focused on exploration activities in 2022.

The increased exploration expenditures will be focused on district targets where ESM controls more than 80,000 acres of private mineral rights. The timing and extent of the exploration program is contingent on positive exploration results. The Company may allocate additional funds beyond guidance as merited.

ESM Production and Cost Guidance
	Units	2022
Payable Production
Zinc	Mlbs	64 - 68
Cost
C1 cash cost¹	$/lb	0.94 - 0.98
AISC¹	$/lb	0.98 - 1.03
Capital
Sustaining	$ millions	3
Expansionary	$ millions	2 - 3
Exploration
ESM	$ millions	2.5 - 3
1 - C1 Cash Cost and AISC are non-GAAP measures. See the Company's Q3 2021 MD&A for a discussion of non-GAAP measures.

About Titan Mining Corporation

Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New York state. Titan is built for growth, focused on value and committed to excellence. For more information on the Company, please visit our website at www.titanminingcorp.com.

Contact

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Cautionary Note Regarding Forward-Looking Information

Certain statements and information contained in this new release constitute "forward-looking statements", and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"). These statements appear in a number of places in this new release and include statements regarding our intent, or the beliefs or current expectations of our officers and directors, including that Titan is well-positioned to take advantage of the positive momentum in the zinc market throughout the upcoming year; that the #2 mine open pits are scheduled to come on-line mid-2022; that the #2 mine open pits will provide incremental production; production and cost guidance for 2022; the nature, and the timing and extent of Titan’s 2022 exploration program. When used in this news release words such as “are poised” and similar expressions are intended to identify these forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to vary materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Company's periodic filings with Canadian securities regulators. Such forward-looking statements are based on various assumptions, including assumptions made with regard to the ability to advance exploration efforts at ESM; the results of such exploration efforts; the ability to secure adequate financing (as needed); the Company maintaining its current strategy and objectives; and the Company’s ability to achieve its growth objectives. While the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Except as required by applicable law, we assume no obligation to update or to publicly announce the results of any change to any forward-looking statement contained herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If we update any one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. You should not place undue importance on forward-looking statements and should not rely upon these statements as of any other date. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.