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With over 1.3 million acres in Saskatchewan’s Athabasca Basin, Titan Uranium Inc. is one of the largest landholders in the world’s premier exploration district for uranium. These holdings comprise 22 properties covering all six conductive corridors, including properties adjacent to discoveries by Cameco Corp. (TSX: CCO) and AREVA.

Over three-quarters of the Athabasca Basin is now under disposition with more than forty companies actively exploring for uranium. The majority of exploration in the past has been in the eastern portion of the Athabasca Basin where major deposits are located. However, the central and western part of the basin has become the focus of grassroots exploration by companies like Titan in search for uranium deposits. This portion of the basin is host to AREVA’s Cluff Lake Mine, AREVA/UEX Corp.’s (TSX: UEX) Shea Creek Deposit and Cameco Corp./Formation Capital Corp.’s (TSX: FCO) Centennial Deposit.

The Athabasca Basin produced 23% of global uranium supply in 2007, led by producers Cameco Corp. and AREVA. Saskatchewan uranium production for 2007 was 25.9 million lbs U3O8 and total reserve estimates for the Athabasca Basin are approximately 650 million lbs U3O8 (Saskatchewan Exploration and Development Highlights 2007).

The Athabasca Basin is host to unconformity-associated type uranium deposits. Mineralization occurs at, above or below the unconformity which separates the Proterozoic Athabasca Sandstone Group from the underlying metamorphosed gneissic rock. Sandstone and basement hosted mineralization is usually associated with graphitic faults, pathfinder alteration minerals and brittle reactivation of older ductile fault systems. Deposits may range in shape from massive pitchblende cigar-shaped pods to discrete zones of pitchblende veins.

Exploration Program 2008

On February 15, 2008, Titan’s 2008 exploration program began. Titan signed agreements with two drill contractors to provide a minimum of 6,000 metres of core drilling on the Athabasca uranium projects. These contracts are elements of Titan’s overall exploration program for 2008 that includes geochemical sampling, ground geophysical surveys, and airborne geophysical surveys in the Athabasca Basin. See individual properties and projects for complete details on current programs.