EDMONTON, ALBERTA--(Marketwire - Jan. 26, 2012) - Titanium Corporation Inc. (the "Company") (TSX VENTURE:TIC) reports that at its Annual and General Meeting of Shareholders held yesterday, January 25th, 2012, in addition to the incumbent directors of the Company, Mr. David C.W. Macdonald was also elected as a director of the Company.
Mr. Macdonald is experienced in merchant and investment banking in addition to having previously been a director of a TSX listed company. He is currently the chair of the National Ballet of Canada, Endowment Foundation and a director of the National Ballet of Canada. He is also a director of the Art Gallery of Ontario Foundation and a past director of the Art Gallery of Ontario.
In association with Mr. Macdonald's election to the Board of Directors, 75,000 stock options have been granted pursuant to the Company's stock option plan at an exercise price of $1.75 per share and will expire on January 25th, 2017.
About Titanium Corporation Inc.
Titanium Corporation Inc. is developing technology to recover heavy minerals, bitumen, solvent and water contained in the waste tailings streams from oil sands mining operations near Fort McMurray, Alberta. The potential benefits from this "Creating Value from Waste ™ " proposition are twofold. First, the recovered products will have intrinsic value and will provide shareholders with a source of revenue. Second, by using an integrated approach to recovering lost products there is potential for industry-wide environmental benefits reducing emissions and the footprint of tailings ponds. 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.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.