Titanium Corporation Inc. announced that it closed its previously announced non-brokered private placement (the Offering) on January 12, 2022 pursuant to which the Company issued 25,000,000 units (the Units) at a price of $0.20 per Unit for gross proceeds of $5,000,000, the maximum amount available under the Offering. On closing of the Offering, the Company paid Canaccord Genuity Corp. (Canaccord) $300,000 cash equal to 6% of the gross proceeds of the Offering and 1,500,000 non-transferrable warrants equal to 6% of the aggregate number of Units sold to subscribers, entitling the holder, upon payment of $0.30, to acquire one Common Share at any time prior to 5.00 p.m. (Calgary time) on January 12, 2023.

Messrs. David Macdonald, John Stevens and Scott Nelson have, effective on closing of the Offering, retired from the Board of Directors of the Company, and Messrs. Darren Morcombe, John Brussa and John Kowal have been appointed, subject to the approval of the TSX Venture Exchange, in their place with Mr. Morcombe as Chair of the Board of Directors.