TIC Titanium Corporation Inc

Titanium Corporation Inc. (the "Company" or "Titanium") (TSX VENTURE:TIC) today
released its results for the fourth quarter and fiscal year ended August 31,
2013. During 2013, the Company successfully completed a $4.1 million pilot
program and is focusing its resources on commercialization, working with oil
sands operators on proposals which are currently under review. 


"Our Company is now in an optimal position to commercialize our technologies,"
commented Scott Nelson, Titanium's President and Chief Executive Officer. "We
are working both directly with oil sands operators and collaboratively through
Canada's Oil Sands Innovation Alliance ("COSIA"). The industry is systematically
addressing opportunities that improve resource recoveries and environmental
performance and our project fits both of those criteria."


The following are highlights for the three and twelve month periods ended August
31, 2013:




--  During 2013, the Company engaged in meetings and working sessions with
    oil sands operators to provide updated technical information and results
    from the recent CanmetENERGY pilot and to share independent expert
    analysis of the potential environmental improvements from implementation
    of the technology. The Company has advanced specific project proposals
    and believes the industry will adopt its technology due to attractive
    economic and environmental benefits. 
--  The Company successfully completed over $4 million of research and
    development ("R&D") (before grant recoveries) in fiscal 2013 for a pilot
    at CanmetENERGY. The pilot achieved excellent results at a larger scale
    including improved recoveries of 82 percent of residual bitumen and 98
    percent of solvents and produced a bulk HMC sample that was shipped to
    Australia for processing in the final stage of the Company's mineral
    products development program. This program is underway with testing of
    final flow-sheet circuits and processing HMC into zircon products for
    customer testing.  
--  Received $1.4 million in additional grant funding through Sustainable
    Development Technology Canada ("SDTC") and $0.5 million from the
    National Research Council's Industrial Research Assistance Program
    ("NRC-IRAP") bringing total government funding to $10.3 million. 
--  Independent expert reviews confirmed that its CVW(TM) technologies would
    significantly reduce the environmental impacts of solvents and bitumen
    in tailings ponds. Solvent discharged into tailings ponds cause
    significant green house gas ("GHG") and volatile organic compounds
    ("VOC") emissions. Titanium's technology would recover much of that
    solvent prior to discharge, thereby materially reducing emissions. 
--  A draft fiscal structure for the recovery of minerals and bitumen from
    oil sands tailings is being worked on with the Alberta Government. This
    structure will provide essential clarity around royalties, capital cost
    treatment and other fiscal terms that will be finalized in conjunction
    with industry projects. 
--  Three core Canadian patents have been awarded that together secure its
    innovative oil sands sustainable technology. 
--  The Company was invited to join COSIA in the fourth quarter. This new
    organization was recently formed by the oil sands industry to accelerate
    the adoption of environmental technologies in several areas including
    tailings. The Company's technology has been reviewed in detail and
    prioritized in COSIA's Technology Roadmap. 
--  With the completion of R&D and piloting in 2013, management and the
    Board have taken a number of measures to reduce costs, conserve cash and
    focus resources on commercialization. Pilot and laboratory facilities
    have been decommissioned, surplus equipment disposed and staff and
    contractors reduced. In addition, management and the Board have agreed
    to receive a portion of their cash compensation and fees in the form of
    equity-based compensation, subject to shareholder approval. 



Scott Nelson continued, "Achieving commercialization is the most challenging
phase of any start-up, technology-driven venture, and we continue our drive for
agreement by oil sands producers and the Government of Alberta to move forward
and make commercialization possible. 2014 promises to be an exciting year for
Titanium Corporation." 


FISCAL 2013 FINANCIAL OVERVIEW

As a research and development company, Titanium is focused on achieving
long-term financial success by taking its innovative technologies into
commercial production. Until commercial investment is made and a plant is built
and operating, the Company expects to incur losses. However, with pilot testing
completed, R&D investment in future quarters will be substantially reduced as
the Company focuses its resources on commercialization. 


Net Loss - For the fiscal year ended August 31, 2013 net loss was $4.3 million
compared to $2.9 million for the year ended August 31, 2012. This increase in
net loss of $1.4 million is reflective of the operation of the HMC bulk minerals
pilot and the work related to the paraffinic tailings project conducted during
the fiscal year. With the conclusion of pilot testing and as a development stage
company, Titanium's net loss for the period is in line with expectations.


Research & Development - For the year ended August 31, 2013, R&D spending,
before recoveries, was $4.2 million offset by $2.0 million in government grant
recoveries and research tax credits. This compares to gross R&D spending of $1.7
million for the year ended August 31, 2012, offset by research tax credits of
$0.8 million. The increase in R&D spending was related to pilot work on larger
volume paraffinic tailings and pre-commercialization minerals development work,
concluded in May 2013. Having completed its major piloting projects at
CanmetENERGY, the Company is reducing staff and overhead costs to conserve cash
and focusing its resources on commercialization.


General & Administrative ("G&A") - G&A expense was $2.3 million for the year
ended August 31, 2013 as compared to $2.1 million for the year ended August 31,
2012. The increase in G&A expense is the result of the deferred compensation
expense related to the issuance of deferred share units ("DSUs") to
non-executive directors and non-cash stock based compensation charges of $0.2
million. None of these charges were paid out in cash during the year. All other
G&A expenses remained lower by $0.3 million for the year ended August 31, 2013
as compared to the prior year. 


Cash Position - The Company had $4.1 million in cash at August 31, 2013 as
compared to $8.4 million at August 31, 2012. The decrease in cash of $4.3
million for the year ended August 31, 2013 relates to R&D piloting and G&A
expenses incurred which were offset by the receipt of $1.3 million in government
grant funding. The Company has sufficient cash and remaining grants in place to
fund its R&D and G&A costs for a period in excess of 12 months. As the Company
focuses on commercialization of its technology any discretionary R&D and
engineering projects are expected to be pursued in conjunction with grant
funding or partner support. 


To view the Company's management discussion and analysis and audited financial
statements for the year ended August 31, 2013, please visit our website at
www.titaniumcorporation.com or SEDAR at www.sedar.com. 


About Titanium Corporation Inc.

Titanium Corporation Inc. has developed innovative technologies to recover
bitumen, solvent, valuable heavy minerals and water from oil sands waste
tailings. The benefits are twofold: the recovered bitumen, solvent and minerals
will have economic value; and green benefits that will significantly reduce
environmental impacts of the oil sands industry. The Company's shares trade on
the TSX-V under the symbol "TIC". For more information visit the Company's
website at www.titaniumcorporation.com.


Disclosure regarding forward-looking statements

Certain statements contained herein regarding the Company and its plans
constitute "forward-looking statements" within the meaning of Canadian
securities laws. By their nature, forward-looking statements require the Company
to make assumptions and are subject to inherent risks and uncertainties. There
is a significant risk that predictions, forecasts, conclusions, projections, and
other forward-looking statements will not prove to be accurate. We direct you to
our statement of risks and uncertainties more particularly described and updated
in the Company's management discussion and analysis filed for the period ended
August 31, 2013 and annual information form for the year ended August 31, 2013
each filed on SEDAR (www.sedar.com). Most notably these risks include, but are
not limited to risks associated with the commercialization of the CVW(TM)
project on the timetable anticipated or at all; access to capital on acceptable
terms to fund our commercialization plan, operational or technical difficulties
in connection with building and operating the CVW(TM) project and research
activities; uncertainty related to the cost to build and operate CVW(TM)
facilities; reliance on a small number of people, access to and cost of oil
sands tailings necessary to carry out the CVW(TM) project, competition and
intellectual property protection and changes to environmental laws and
regulation.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Titanium Corporation Inc.
Scott Nelson
President & CEO
(403) 561-0439
snelson@titaniumcorporation.com


Titanium Corporation Inc.
Andreas Curkovic
Investor Relations
(416) 577-9927
acurkovic@titaniumcorporation.com
www.titaniumcorporation.com

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