Titanium Corporation Inc. (the "Company" or "Titanium") (TSX VENTURE:TIC) today
released its results for the first quarter ended November 30, 2013.


"Having largely completed our R&D and pilot projects in 2013, we are now
exclusively focused on commercializing Titanium's CVW(TM) technology," commented
Scott Nelson, Titanium's President and Chief Executive Officer. "We are meeting
regularly with the industry and other stakeholders to encourage adoption and
development of a commercial project and we remain confident of eventual success.
The fact that CVW(TM) offers an attractive environmental and economic solution
for froth treatment tailings is clear, and we are now working on refining the
financial and business models that will work for our potential oil sands company
partners."


The following are highlights for the three month period ended November 30, 2013:



--  During the first fiscal quarter of 2014, Titanium provided project
    proposals and technical information to oil sands operators specific to
    their sites. The Company has proposed flexible business structures which
    allow for the licensing of CVW(TM) technology to operators who wish to
    build and operate the on-site facilities themselves. Alternatively, the
    Company is prepared to participate in building and operating facilities
    together with partners. The timing for decisions around technology
    adoption and the preferred business structures are at the discretion of
    the oil sands operators. 
    
--  In the course of site specific proposals, the Company has been gaining
    valuable insight and feedback from oil sands operators on their
    priorities for tailings recoveries. The Company has developed an
    enhanced opportunity to stage technology implementation starting with
    bitumen and solvent recovery, to reduce capital and operating costs, and
    reduce implementation risks, increase economic returns and deliver
    environmental benefits as early as possible. 
    
--  The Company has engaged outside experts to review and report on
    potential environmental performance improvements resulting from the
    implementation of CVW(TM) technology. These very positive results have
    been provided to stakeholders including government ministries, funding
    agencies and the oil sands industry. The principal environmental benefit
    opportunities of implementing the Company's technology are: a 70% or
    more reduction of VOC emissions through the recovery of solvents prior
    to discharge to tailings ponds and the atmosphere; a minimum 5%
    reduction of site-wide GHG emissions and a 20% or more reduction of
    river water consumption. 
    
--  The final technical program underway is the processing in Australia of
    the heavy mineral concentrate bulk sample produced during the 2013
    demonstration pilot at CanmetENERGY. The objective of the program is to
    conduct higher volume testing and optimization of mineral concentration
    and separation flow-sheet circuits. During the quarter, Company
    management conducted an on-site review of progress at the engineering
    firm's facility in Brisbane. Results to date are well in line with
    program targets, with testing of wet circuits substantially complete and
    dry circuit testing scheduled for completion in the second quarter. 
    
--  In addition to measures taken to reduce costs and conserve cash, which
    have included staff reductions, decommissioning of pilot and laboratory
    facilities, and surplus equipment disposals, the Company's management
    and directors have proposed to receive a portion of their cash
    compensation in the form of new share-based instruments which were
    adopted by the Company during the quarter and announced in December
    2013. 



FINANCIAL OVERVIEW

As a research and development company, Titanium is focused on achieving
long-term financial success by taking its innovative technologies into
commercial production. Until commercial investment is made and a plant is built
and operating, the Company expects to incur losses. However, with pilot testing
completed, R&D investment in future quarters will be substantially reduced as
the Company focuses its resources on commercialization.


Net Loss - Net loss of $0.8 million for the three month period ended November
30, 2013 decreased by $0.5 million from $1.3 million in the comparative three
month period ended November 30, 2012 due to the completion of the HMC bulk
minerals processing and paraffinic tailings pilots at CanmetENERGY's research
facility in the prior fiscal year. With the completion of pilot testing and as a
development stage company, Titanium's net loss for the period is in line with
expectations.


Research & Development ("R&D") - For the three month period ended November 30,
2013 R&D spending before government grant recovery was $0.3 million as compared
to $1.6 million for the three months ended November 30, 2012. R&D expense was
lower in the current quarter compared to the same three month period in fiscal
2012 due to reduced labour and operating costs of the pilot, which was concluded
in May of 2013. Current R&D expenditures related to the final phases of the
minerals testing program will be completed in the second quarter of fiscal 2014.


General & Administrative ("G&A") - G&A expense was consistent for the three
month period ended November 30, 2013 and November 30, 2012 at $0.5 million. As
the company focused on cash conservation, G&A cash costs (excluding deferred and
stock-based compensation) were reduced by $0.1 million for the three month
period ended November 30, 2013 to $0.4 million as compared to $0.5 million for
the three month period ended November 30, 2012.


Cash Position - The Company had $3.7 million in cash at November 30, 2013,
compared to $4.1 million at August 31, 2013; the reduction in cash was due to
ongoing operational expenses incurred in the quarter. The Company has sufficient
cash and accounts receivable related to grant funding, to fund its R&D and G&A
costs for a period in excess of 12 months. As the Company focuses on
commercialization of its technology, any discretionary R&D and engineering
projects would be pursued in conjunction with grant funding or partner support.


To view the Company's management discussion and analysis and unaudited condensed
interim financial statements for the three month period ended November 30, 2013,
please visit our website at www.titaniumcorporation.com or SEDAR at
www.sedar.com.


About Titanium Corporation Inc.

Titanium Corporation Inc. has developed innovative technologies to recover
bitumen, solvent, valuable heavy minerals and water from oil sands waste
tailings. The benefits are twofold: the recovered bitumen, solvent and minerals
will have economic value; and green benefits that will significantly reduce
environmental impacts of the oil sands industry. The Company's shares trade on
the TSX-V under the symbol "TIC". For more information visit the Company's
website at www.titaniumcorporation.com.


Disclosure regarding forward-looking statements

Certain statements contained herein regarding the Company and its plans
constitute "forward-looking statements" within the meaning of Canadian
securities laws. By their nature, forward-looking statements require the Company
to make assumptions and are subject to inherent risks and uncertainties. There
is a significant risk that predictions, forecasts, conclusions, projections, and
other forward-looking statements will not prove to be accurate. We direct you to
our statement of risks and uncertainties more particularly described and updated
in the Company's management discussion and analysis filed for the period ended
November 30, 2013 and annual information form for the year ended August 31, 2013
each filed on SEDAR (www.sedar.com). Most notably these risks include, but are
not limited to risks associated with the commercialization of the CVW(TM)
project on the timetable anticipated or at all; access to capital on acceptable
terms to fund our commercialization plan, operational or technical difficulties
in connection with building and operating the CVW(TM) project and research
activities; uncertainty related to the cost to build and operate CVW(TM)
facilities; reliance on a small number of people, access to and cost of oil
sands tailings necessary to carry out the CVW(TM) project, competition and
intellectual property protection and changes to environmental laws and
regulation.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Titanium Corporation Inc.
Scott Nelson
President & CEO
(403) 561-0439
snelson@titaniumcorporation.com


Titanium Corporation Inc.
Andreas Curkovic
Investor Relations
(416) 577-9927
acurkovic@titaniumcorporation.com
www.TitaniumCorporation.com
Titanium (TSXV:TIC)
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