Titan Uranium Begins 2010 Winter Drilling Program on Border Block Project

Tuesday, Feb 09, 2010

Titan Uranium Inc. is pleased to announce that the Company's Winter 2010 drilling program is underway on the Border Block project. The Border Block project is the subject of a Letter of Agreement between Titan and Japan Oil, Gas and Metals National Corporation (JOGMEC) wherein JOGMEC can earn a 50% undivided interest in the project by funding Cdn $6 million in exploration over four years (Titan Uranium Inc. PR, November 12, 2008). JOGMEC has elected to accelerate funding by providing an additional $500,000 during the second earn-in period which ends March 31, 2010.

Hy-Tech Drilling Ltd. completed mobilization of the drilling crew and equipment to the site and drilling commenced on February 05, 2010. The planned program of 1,300 metres of diamond drilling will continue to test prospective targets identified by recent time domain electromagnetic (TDEM) surveys.

A drill program consisting of seven holes and 1604.4 metres was completed on the Border Block property during the summer of 2009. This program was designed to test favourable uranium targets at or near the unconformity between the Athabasca sandstone rocks and the underlying basement rocks. Weak hydrothermal alteration was developed in the basement rocks, generally along fractures. Two areas of anomalous U were encountered in the basement rocks: a 3 metre interval of 7.7-15.6ppm U at a depth of 95.8-98.8 metres in DDH KNG09-2 and a 20 metre interval of 6.1-7.7ppm U at a depth of 190.0-210.0 metres in DDH GL09-4.

The Border Block project is located in the southwest area of the Athabasca Basin, near the Alberta border and comprises the Maybelle River, Gartner Lake, King and Castle South Extension properties. The project (76,354 hectares/188,675 acres) covers an area where historic exploration data identified favourable basement rocks capable of hosting uranium mineralization. The basement rocks are thought to be correlative with those found on the adjacent AREVA/UEX Corp.'s Shea Creek project which hosts significant uranium mineralization in the Anne, Collette and Kianna deposits.

Rodney Koch, P. Geo, Vice-President Exploration Canada for Titan, is the qualified person responsible for the technical information contained in this release.

About Titan Uranium Inc.

Titan Uranium's vision is to be a leading mid-tier North-American uranium exploration, development and mining company. Our mission is to create shareholder value by advancing quality projects to production.

Our growth strategy is driven by three elements:

- Development: A pre-feasibility study has been launched at the Sheep Mountain Uranium Project, Wyoming. The deposit contains a NI 43-101 compliant inferred resource of 15.6M lbs. of U3O8 (4,560,000 tons at 0.17% eU3O8).

- Exploration: The goal is to discover world class uranium deposits by exploring over 1.5M acres of land in the proven Athabasca and prospective Thelon Basins. Exploration programs are also active in Utah and Wyoming.

- Consolidation: The Company is actively pursuing M & A opportunities and focused on uranium-friendly jurisdictions such as Saskatchewan and Wyoming.

Titan has gained market recognition for its ability to attract strategic partners to participate in the exploration of its properties. Japan Oil, Gas and Metals National Corporation and Mega Uranium Ltd. are partners in current exploration programs managed by Titan.

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

Source: Marketwire