Vale Exploration Canada Inc.

On April 11, 2008, Titan signed a Letter of Agreement with Vale Exploration Canada Inc. Under the agreement, Vale Exploration Canada Inc. has committed to funding Cdn $2 million in exploration programs managed by Titan in the first year and may elect to fund a further Cdn $10 million over the subsequent four years of the agreement to acquire an undivided 60% ownership interest in Titan’s Sand Hill/Rook II Project, located in the south-central portion of the uranium-rich Athabasca Basin.

Vale Exploration Canada Inc. is a wholly-owned subsidiary of Companhia Vale do Rio Doce (VALE) (NYSE: RIO), the world’s second largest mining company by market capitalization with its headquarters in Brazil. VALE reported revenues of US $33.1 billion and net earnings of US $11.8 billion as of December 31, 2007. VALE is committed to the pursuit of sustainable growth by operating with respect for the natural environment and being an ethically and socially responsible company.

http://www.vale.com/vale_us/cgi/cgilua.exe/sys/start.htm?tpl=home

Japan Oil, Gas and Metals National Corporation 

On May 23, 2008 Japan Oil, Gas and Metals National Corporation (JOGMEC) and Titan signed a Letter of Agreement. In the Agreement, JOGMEC can acquire an undivided 50% working interest in Titan’s Virgin Trend Project by funding Cdn$ 9 million in exploration programs managed by Titan. The Letter of Agreement calls for annual funding of $3 million in each of the first three years. Vesting of a 50% working interest will be at JOGMEC’s election after funding a total of $9 million by the end of the third year of the agreement. Upon completion of the earn-in phase, JOGMEC and Titan will form a joint venture with each party holding a 50% participating interest in the Virgin Trend Project. Further, JOGMEC has the option to provide an additional $6 million to obtain the exclusive marketing rights of the mineral products of the joint venture for a 10-year period from first commercial production.

JOGMEC is a prominent Japanese corporation funded by Japan’s national and municipal governments, as well as by private-sector corporations, with a global mandate to seek a stable supply of natural resources for Japan. JOGMEC reported assets of US $7.3 billion and ordinary revenues of +US $1 billion for the fiscal year ended March 31, 2007. Contributions in kind to be provided by JOGMEC for the Virgin Trend Project include technical assistance utilizing a highly innovative and extraordinarily sensitive deep-penetrating electromagnetic geophysical system developed by JOGMEC. This technology has been successfully applied in other geological environments.

http://www.jogmec.go.jp/english/index.html

Mega Uranium Ltd.

On February 26th, 2007, Mega Uranium Ltd. and Titan entered into a binding Letter of Intent. According to the Letter of Intent, Mega can acquire an option to earn a 51% legal and beneficial interest in Titan's entire leasehold land position in the Thelon Basin in the Nunavut Territory, Canada with a view to create a joint venture partnership on future exploration and exploitation of uranium assets in the Thelon Basin. In order to earn the interest, Mega has committed to expend an aggregate of Cdn $5 million on the properties on or before December 31, 2008 on exploration work programs.

Mega is a Canadian mineral resources company with a focus on uranium projects. It has uranium resources in Australia and uranium exploration projects in  Australia, Argentina, Bolivia, Colombia, Mongolia, Canada and Cameroon. In addition, it has interests in base and precious minerals exploration properties in Canada and Latin America and a copper-nickel exploration project in Guinea, West Africa. Mega reported assets of Cdn $592 million and ordinary revenues of Cdn $10.6 million for the fiscal year ended September 30, 2007.

http://www.megauranium.com/main/