Athabasca & Thelon basins
Junior Explorer of Choice for Uranium in Canada.
Message: Titan Uranium Inc. Announces Corporate Update
| April 30, 2009 |
| Titan Uranium Inc. Announces Corporate Update |
| SASKATOON, SASKATCHEWAN--(Marketwire - April 30, 2009) - Titan Uranium Inc. ("Titan" or the "Company") (TSX VENTURE:TUE)(FRANKFURT:T4X), a North American generative explorer, would like to announce that Mr. Robert Hodgkinson has resigned from the Titan Board of Directors, effective immediately. Mr. Hodgkinson has served on the Titan Board since the Company's acquisition of Dejour Enterprises Ltd.'s uranium assets in February 2007. Titan's Board and management wish to thank Mr. Hodgkinson for his contributions to the Company and wish him well in his future endeavours. About Titan Uranium Inc. Titan's growth strategy is driven by advancing exploration projects to discovery in the proven Athabasca and prospective Thelon basins. Titan has gained market recognition for its ability to attract strategic partners to participate in exploration on its properties by virtue of its 1.6 million acre land position and technical expertise. In 2008, Japan Oil, Gas and Metals National Corporation (JOGMEC) signed two letters of agreement with Titan to explore the Company's Virgin Trend and Border Block projects as an element of its mandate to seek a stable supply of natural resources for Japan. In April 2008, Vale Exploration Canada Inc. (VEC), a wholly-owned subsidiary of Companhia Vale do Rio Doce (VALE), the world's second largest mining company by market capitalization, signed an agreement with Titan on the Sand Hill Lake project. Titan also has a major joint venture project underway in the Thelon Basin with Mega Uranium Ltd. Additional partnerships are at the planning stage. Partners of Titan have the option to expend Cdn $22.5 million in exploration programs managed by Titan between 2009 and 2012. The partners can earn a portion of Titan's interest in these strategically located properties in the Athabasca and Thelon basins. Optionees of Titan properties spent Cdn $6 million on exploration programs managed by Titan in 2008 and will contribute Cdn $4.7 million in 2009. Titan is well-financed and ideally positioned to emerge as a pre-eminent explorer in the uranium industry. Based in Saskatoon, Saskatchewan, Titan boasts proven senior leadership, a highly experienced technical team and a dominant land position in Canada's world-class uranium districts. ON BEHALF OF TITAN URANIUM INC. Brian A. Reilly, President |
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