Titan Minerals Limited provided an update on the CompanyÆs maiden drilling campaign at the Copper Ridge Porphyry and prospect at the Linderos Project in southern Ecuador. Copper Ridge Porphyry Prospect û Progress Update: The first diamond drillhole CRDD22-001 in maiden program at Copper Ridge Prosect within Linderos Project has been completed to a depth of 530m. The second diamond drillhole CRDD22- 002 is in progress and at a depth of 512.87m.

Titan is extremely encouraged by the long intervals of porphyry style chalcopyrite-pyritemolybdenite mineralisation observed in these first holes at the Copper Ridge prospect. Systematic logging of key geological features such as lithology, alteration, sulphide mineralogy, vein style and abundance is leading to a greatly improved understanding of the controls, and potential scale, of the porphyry mineral system being targeted. Lithological units identified by surface mapping and in diamond drilling are described below from oldest to the youngest: Andesites (Celica Formation): dark grey colour, aphanitic texture; Tonalite porphyry (former granodiorite): stocks as extensions from the Tangula Batholith characterised by light grey colour and porphyritic texture, contains ôquartz eyeö phenocrysts; Quartz diorite porphyry: crowded porphyritic texture, composed of phenocrystals in a microcrystalline groundmass; Diorite porphyry dykes: fine grained porphyritic texture, composed of phenocrysts in aphanitic groundmass.

Alteration types observed include potassic, phyllic, and intermediate argillic, with several phases of alteration overprinting evident in drill core. Alteration observations are complex. Potassic alteration (biotite- K-felspar- quartz), is pervasive affecting diorite porphyry and andesites.

Phyllic alteration (quartz- sericite- pyrite) is seen to overprint the potassic alteration assemblage. Intermediate argillic alteration (chlorite- smectite- illite +/- carbonates), is pervasive and occurs as veins, overprinting former phyllic and potassic alteration. Sulphide mineralisation observed at Copper Ridge includes chalcopyrite, pyrite, molybdenite and pyrrhotite, and these are observed both disseminated in groundmass and within quartz veinlets.

A hand held portable XRF instrument has been used to verify the visual estimates of sulphide minerals. Disseminated chalcopyrite (cpy) is observed to replace mafic minerals, with estimates ranging between 1% to 2% by volume (bv); cpy also occurs as fine accumulations in relict patches of potassic alteration, ranging between 3% to 5% in zones of phyllic alteration; and as veinlets of cpy +/- pyrite (py), ranging 1 to 2%. Disseminated molybdenite (mo) is observed in groundmass, ranging 1 to 2% bv and is also present in B-type quartz veinlets (5% mo, 95% quartz), as sutures and in the margins to these veins.

Pyrrhotite (ph) is disseminated, ranging between 1% to 2% bv, replacing mafic minerals and zones of potassic alteration. The below table outlines sulphide mineralogy abundances as observed by TitanÆs geologists. Sulphide mineral species have been identified by geologists in hand specimen/diamond core, through the use of handlens and high powered miscroscope.

In addition to this, portable XRF readings have also provided an indication of elemental abundances present in diamond core, which have been used to assist with mineral identification. Titan does caution that at this stage visual estimates of sulphide mineral abundances are provided as a guide only, and are not considered a proxy or substitute for laboratory analyses. Quantititive confirmaiton of sulphide mineral percantages will be confirmed by multi-element laboratory analysis, with assay results anticipated in the coming 6 to 8 weeks.

Veining observed in drilling is described as follows: Stockworks of coarse milky quartz veinlets, massive texture, 2% to 20% bv, and 5 to 30 mm wide; Isolated sulphides veinlets, +/- 2% bv, 2 mm wide, composed of variable amounts of py and cpy; A-type quartz veinlets, usually as stockwork arrays, massive texture, translucent, grey colour, 1% to 2% bv and 2 to 6 mm wide; B-type quartz veinlets: occurring as isolated veinlets, massive texture, translucent, grey colour, 1% to 2% volume and 2 to 6 mm wide. Veinlets are filled by quartz 95%, and mo 5%; D-type quartz veinlets: characterized by isolated and sheeted arrays, massive texture, +/-1% volume, 3 mm wide. Fillings of py 95%, quartz 2%, carbonates 2% with sericite-chlorite halos.

Vein volume estimation is routinely recorded along two-metre intervals in the drill core, to provide a consistent methodology and dataset for quartz vein abundance estimation. Quartz vein abundance contours can be used to define the borders of porphyry intrusions, with increasing quartz vein abundance commonly correlating with an increase in chalcopyrite and molybdenite mineralisation, as is typically observed in large-scale porphyry deposits. About The Linderos Project The Linderos project is located 20km southwest of the CompanyÆs flagship Dynasty Gold Project and is comprised of four contiguous concessions totaling over 143km2 located near the Peruvian border in southern EcuadorÆs Loja Province.

Located in a major flexure of the Andean Terrane, the Linderos Project is situated within a corridor of mineralisation extending from Peru through northern Ecuador that is associated with early to late Miocene aged intrusions. The majority of porphyry copper and epithermal gold deposits in southern Ecuador are associated with magmatism in this age range, with a number of these younger intrusions located along the margin of the extensive Cretaceous aged Tangula Batholith forming a favorable structural and metallogenic corridor for intrusion activity where Titan minerals holds a significant land position in southern Ecuador. Copper Ridge Porphyry Prospect: The Copper Ridge Porphyry prospect (Copper Ridge) features surface copper-molybdenum anomalism highlighted by channel and soil sampling recently completed by Titan.

Mapping has confirmed that copper-molybdenum mineralisation is centred on dioritic porphyry intrusions approximately one kilometre in diameter, with these porphyritic intrusions also containing abundant mineralised quartz veining and copper oxide mineralisation at surface. A copper-gold mineralisation event has been identified as a separate and later mineralisation event, crosscutting the copper-molybdenum east-west trend. The further drilling exploration will aim to follow this gold trend at depth.