First Titan Corp. (OTCBB: FTTN) finalized a joint operating agreement today placing Intrepid Drilling, LLC, in charge of drilling and operating a new oil and gas well at the South Lake Charles Prospect in Calcasieu, La.

In a major milestone for the new company, FTTN acquired a significant working interest in the new well last week. Intrepid Drilling owns rights to all depths in 453 contiguous acres at the prospect. Plans call for the company to drill to a total depth of 15,300 ft at the project location.

FTTN is extremely optimistic about the new well's incredible potential. Intrepid has determined substantial up-dip reserves remaining in each of two fault blocks at the project site. The project's total maximum potential for all categories exceeds 60 billion cubic feet of gas and four million barrels of oil. That kind of production would be an astounding result for FTTN's first well.

First Titan plans to announce the project's spud date soon.

First Titan is working to develop new energy solutions to compete in a booming global industry alongside Marathon Oil Corp. (NYSE: MRO), Exxon Mobil Corp. (NYSE: XOM), TOTAL S.A. (NYSE: TOT) and SandRidge Energy Inc. (NYSE: SD).

For more information on FTTN's unconventional resources initiative, please visit www.firsttitanenergy.com/investors.

About First Titan Corp.

First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.

For more information about First Titan Energy, please visit www.firsttitanenergy.com. Follow us on Twitter at www.twitter.com/firsttitancorp.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

First Titan Corporation
Robert Federowicz, 941-753-4889
President and CEO
info@firsttitancorp.com