Titanium Corporation Inc. (the "Company" or "Titanium") (TSX VENTURE:TIC) today
released its results for the third quarter ended May 31, 2014.


"Our minerals bulk sample program was successfully completed in Australia during
the quarter and market testing confirmed the marketability of both zircon and
high grade titanium products," commented Scott Nelson, Titanium's President and
Chief Executive Officer. "The Company's technology is receiving wide recognition
in the marketplace for its triple bottom line sustainability as we continue to
make good progress in discussions with industry and Government toward our first
commercial project."


The following are highlights of the Company's progress towards commercialization:



--  Potential oil sands industry partners advanced their Titanium project
    evaluations during the quarter including conducting economic modeling
    and technical reviews. In addition to project costs and commodity
    recoveries, they are evaluating environmental benefits. Potential
    reductions in emissions, energy use, water and tailings remediation are
    under review for their potential cost savings and environmental
    footprint reduction.

--  Independent engineering reports by the Company's Australian engineering
    partner have been finalized for the minerals bulk sample program
    completed earlier in 2014. Six expert firms also provided specialized
    equipment, analytical and testing services. The minerals program
    confirmed an efficient flow sheet to recover commercial volumes of
    premium zircon product as well as HiTi (high grade titanium product
    which generally contains approximately 90% titanium dioxide) from the
    heavy minerals concentrate recovered from oil sands tailings using
    Titanium's process.

--  An independent report from a recognized industry marketing firm
    confirmed the marketability of the zircon product for markets in China
    including zirconium silicate (widely used in ceramic manufacture),
    zirconium powder, chemicals and refractories markets. Further, the HiTi
    was deemed marketable in welding rod and flux core wire, pigment and
    glazes, sponge and other markets in China. 

--  During 2014, the Company's technology received national and
    international recognition at a number of conferences and forums. At
    Globe 2014, held in Vancouver in March, the Company's technology was
    highlighted by Jim Balsillie, the former CEO of Research in Motion
    (Blackberry) and Chairman of Sustainable Development Technology Canada
    in his keynote remarks as a leading sustainable solution for the oil
    sands industry. At the 2014 CIM Conference held in Vancouver on May 13,
    the Company's Dr. Kevin Moran gave an address on "Sustainable Minerals
    Production from Oil Sands Tailings". Dr. Moran earlier had presented
    "Improving the Quality of Process-Affected Water from the Oil Sands" at
    the COSIA Oil Sands Water Conference held in Edmonton in March.

--  The Company continued efficiency programs aimed at reducing costs and
    conserving cash. At the Company's AGM in January, shareholders approved
    new share ownership programs under which management and the Board
    receive shares in lieu of a portion of cash compensation. The Company
    completed final reporting to Sustainable Development Technology Canada
    ("SDTC") and on April 9, 2014 received payment of $629,194. This is the
    final payment of SDTC grants totaling $6.3 million which funded a
    significant portion of the Company's pre-commercial demonstration
    piloting. With these actions, the Company's cash position at the end of
    the third quarter was $3.0 million. 



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 $0.7 million for the three month period ended May 31,
2014 decreased by $0.8 million from $1.5 million in the comparative three month
period ended May 31, 2013. 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 May 31 2014,
R&D spending was $0.2 million as compared to $0.8 million for the three month
period ended May 31, 2013. R&D expenditures in the current quarter were
significantly reduced as labour and operating costs related to demonstration
piloting were eliminated with the completion of R&D piloting in May of 2013. The
final stage of minerals development was completed during the quarter and with
the focus on commercialization of the CVW(TM) technology, R&D expenses in the
future quarters will be substantially reduced. 


General & Administrative ("G&A") - G&A expense was lower by $0.3 million in the
current quarter at $0.5 million compared to the three month period ended May 31,
2013.


Cash Position - The Company had $3.0 million in cash at May 31, 2014 compared to
$4.1 million at August 31, 2013; the reduction in cash was due to ongoing
operational expenses in the quarter. With the receipt of the $629,194 SDTC grant
on April 9, 2014, the Company has sufficient cash 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 and nine month periods ended May 31,
2014, please visit our website at www.titaniumcorporation.com or SEDAR at
www.sedar.com. 


About Titanium Corporation Inc.

Titanium Corporation's "Creating Value from Waste(TM)" technology provides
sustainable solutions to reduce the environmental footprint of the oil sands
industry. Our technology reduces the environmental impact of oil sands tailings
while economically recovering valuable products that would otherwise be lost.
CVW(TM) recovers bitumen, solvents and minerals from tailings, preventing these
commodities from entering tailings ponds and the atmosphere: VOC and GHG
emissions are materially reduced; tailings water is improved in quality for
recycling; and residual tailings can be thickened more readily. A new minerals
industry will be created commencing with the production and export of zircon, an
essential ingredient in ceramics. The Company's shares trade on the TSX-V under
the symbol "TIC". For more information please 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
May 31, 2014 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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