titanium
corporation receives $3.5 million Grant
from The Province of alberta
Toronto, Ontario�.March
31, 2008�As previously announced,
Titanium Corporation Inc. (�the Company�) [TSX-V: TIC] is pleased to have been
awarded a $3.5 million Energy Innovation Fund Grant from the Province of Alberta
(see news release dated March 28, 2008) to allow the Company to continue its
research into the value-added opportunities and environmental benefits of
recovering hydrocarbons and heavy minerals from mined oil sands tailings.
Titanium Corporation is
matching the value of the Grant which represents half of the total program
expenditure of $7 million for a two-year project. The funding program will be managed by
Titanium Corporation and work is expected to be contracted to a number of expert
research firms like CANMET (Federal Government) and the Saskatchewan Research
Council (SRC). The research and
development program is aimed at the recovery of minerals and bitumen from oil
sands froth treatment tailings.
The Grant was conceived
in large part thanks to the Province of Alberta�s interest in new projects and
technologies that have potential to add value to Alberta�s resources and improve
the environment.
The Government�s funding
and support will help Titanium Corporation complete its research and development
programs and bring the Company closer to achieving its goal to establish a new
industry recovering value from waste, while delivering economic benefits and
environmental improvements.
For more information
about the $3.5 million Grant, please visit the Announcement section of the
Company�s website at www.titaniumcorporation.com.
About Titanium
Corporation
Titanium Corporation Inc. is a
Canadian company developing a commercial process to maximize the inherent value
existing in the waste material currently being deposited in oil sands tailings
in the Fort McMurray, Athabasca region.
The Company is developing technology and processes to integrate the
recovery of heavy minerals and bitumen contained in the froth treatment tailings
of oil sands mining extraction operations.
The potential exists in such processes not only to recover previously
wasted resources, but also to simultaneously deliver environmental benefits with
the objective of creating a new
sustainable industry for Canada. Titanium Corporation Inc. shares trade on
the Toronto Venture Exchange (TSX.V) under the symbol TIC. For more information,
please visit our website www.titaniumcorporation.com.
Disclosure regarding forward-looking
information
We direct you to our risks and
uncertainties statements more particularly described and updated in Titanium
Corporation�s Quarterly Management�s Discussion and Analysis filed for the
period ended November 30, 2007, on SEDAR (www.sedar.com). Most notably these risks and assumptions
include, but are not limited to: risks associated with future plans and objectives including the successful recovery of bitumen and heavy minerals;
operating or technical difficulties in connection with development activities;
and development time lines and priorities.
All subsequent written and oral forward-looking information are based on
estimates and opinions of management on the dates they are made and expressly
qualified in their entirety by this notice.
The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy and accuracy of
this release.
For further
information:
Scott Nelson, President &
CEO
Carolyn Muir, Investor Relations
Titanium Corporation Inc.
Titanium Corporation Inc.
403-561-0439
416-955-0715 X 224
E-mail: snelson@titaniumcorporation.com
cmuir@titaniumcorporation.com
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Titanium Corporation, Inc.
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CODE : TIC.V |
ISIN : CA88833T1049 |
CUSIP : 88833T104 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Titanium Corp is a oil exploration company based in Canada. Titanium Corp holds various exploration projects in Canada. Its main exploration property is OIL SANDS PROJECT in Canada. Titanium Corp is listed in Canada and in United States of America. Its market capitalisation is CA$ 115.5 millions as of today (US$ 92.4 millions, € 87.0 millions). Its stock quote reached its highest recent level on March 11, 2005 at CA$ 4.24, and its lowest recent point on December 24, 2008 at CA$ 0.15. Titanium Corp has 79 140 000 shares outstanding. |