• Under option to Vale Exploration Canada Inc.
  
  
• Titan (operator) has granted Vale Exploration Canada Inc. the option to earn up to 60% interest in the 74,312 hectares (245,632 acres) by contributing Cdn $12 million over five years
  
  
• Located 5 km from Cameco Corp./Formation Capital Corp.’s Centennial deposit (hole VR-027W2 intersected an average assay of 9.329% U3O8 over 14.2 m)
  
  
• GEOTEM 1000 and MEGATEM II airborne electromagnetic surveys (2005) confirm conductive basement rocks located during prior exploration
  
  
• New conductors identified warranted the staking of 12 new claims (2005)
  
  
• 1,317 m (8 holes) Titan drill program (2006) identified conductors that warrant additional work. Drilling intersected extensive alteration, anomalous pathfinder element geochemistry and elevated radiometric probe results
  
  
• 473 m (5 holes) Titan drill program (2007) followed up on encouraging results from 2006.
  

Current Program

• 4,000 m (12 to 15 holes) drill program to be conducted in April 2008.
  
  
• Targets drilled based on 2006 and 2007 exploration program identification