Titanium Transportation Announces Voting Results of Annual and Special Meeting of Shareholders

BOLTON, Ontario, May 25, 2022 (GLOBE NEWSWIRE) -- Titanium Transportation Group Inc. ("Titanium" or the "Company") (TSX VENTURE:TTR), a leading provider of transportation and logistics services throughout North America, is pleased to announce that all of the nominees listed in the Company’s Management Information Circular for the Annual and Special Meeting of Shareholders held on May 24, 2022 (the “Meeting”) were elected to the Board of Directors. Each director will serve until the next annual meeting of shareholders or until their successors are elected or appointed or they otherwise cease to serve as directors.

Detailed results of the vote for the election of directors held at the meeting are set out below:

Nominee	Votes in Favor	%		Votes Withheld	%
Ted Daniel	17,405,717	94.87%		941,636	5.13%
Lu Galasso	18,333,913	99.93%		13,440	0.07%
Bill Chyfetz	18,336,518	99.94%		10,835	0.06%
David Bradley	18,342,018	99.97%		5,335	0.03%

A total of 18,853,716 shares were represented at the Meeting, representing 42.31% of the issued and outstanding common shares of the Company as at the record date.

At the Meeting, shareholders also approved the (i) reappointment of MNP LLP as the Company’s independent auditor for 2022; and (ii) an amendment to the Company’s amended rolling stock option plan; and (iii) amendments to the Company’s share purchase plan.

About Titanium

Titanium is a leading North American transportation company with asset-based trucking operations and logistics brokerages servicing Canada and the United States, with approximately 800 power units, 3,000 trailers and 1,100 employees and independent owner operators. Titanium provides truckload, dedicated, and cross-border trucking services, logistics, and warehousing and distribution to over 1,000 customers. In the U.S. Titanium has established operations in Charlotte, Atlanta, Chicago, Nashville, Denver. In February 2021, Titanium completed its largest acquisition since its founding, establishing Titanium as the 12th largest Canadian transportation company. Titanium is a recognized purchaser of asset-based trucking companies, having completed twelve (12) transactions since 2011. Titanium ranked among top 500 companies in the inaugural Financial Times Americas’ Fastest Growing Companies in 2020. The Company has been ranked by Canadian Business as one of Canada's Fastest Growing Companies for twelve (12) consecutive years. Titanium is currently listed on the Toronto Stock Exchange Venture under the symbol "TTR".