Titan Uranium Inc., Saskatoon, Saskatchewan, TSX.V : TUE; Frankfurt Exchange : T4X, is distinguishing itself as the Junior Explorer of Choice for Uranium in Canada.

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 1.5 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. I

n 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/Rook II 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.

Titan is well-financed and ideally positioned to emerge as a pre-eminent explorer in the uranium industry.

Athabasca Basin

With over 1.3 million acres in Saskatchewan’s Athabasca Basin, Titan Uranium Inc. is one of the largest landholders in the world’s premier exploration district for uranium. These holdings comprise 22 properties covering all six conductive corridors, including properties adjacent to discoveries by Cameco Corp. (TSX: CCO) and AREVA.

Exploration Program 2008

In the 2008 exploration program, a total of 6,897 metres of diamond drilling was completed in 20 holes, excluding the Border Block Project, where results are pending. The chart below summarizes the 2008 results for each property.

Regarded as a highly prospective analogue of its uranium-rich neighbour in Saskatchewan, Nunavut’s Thelon Basin exhibits similarities in size, age, geology and mineralization to the prolific Athabasca Basin.

Exploration in the 1970s and 1980s led to the discovery of Kiggavik, Andrew Lake and End Grid deposits by Urangesellschaft. Total resources for the combined deposits are estimated at 148 million pounds U3O8. Present owner AREVA is assessing the viability of the project. Future plans may include a state-of-the-art mill and mining operations located 80 km west of Baker Lake.

Thelon Basin

Titan was among the first to anticipate the “renaissance” of uranium exploration in the Thelon Basin. Titan acquired 164,759 acres in seven properties with potential high-grade uranium mineralization, and today, is one of the principal landholders in the region with approximately 244,000 acres.

Titan entered into an option agreement with Mega Uranium Ltd. in April 2007 whereby Mega has the option to earn a 51% interest in Titan’s properties by contributing Cdn $5 million over two years. Titan remains the operator of the project.

Exploration Program 2008

Titan’s exploration program in the Thelon Basin was conducted during July and August 2008. Exploration activities included diamond drilling, prospecting, mapping and boulder sampling. Targets drilled in 2008 followed up from encouraging 2006 and 2007 exploration and drill results.