TORONTO, July 7 /CNW/ - Titanium Corporation Inc. ("the Company")
(TSX-V: TIC) is pleased to announce the addition of Dr. Kevin Moran to the
Company's management team as Vice President, Process Development. Dr. Moran
brings an extensive oil sands background and is a recognized leader of bitumen
extraction and recovery technologies.
Dr. Moran will be responsible for advancing hydrocarbon recovery research
programs at the Company's Regina research facility and in concert with the
Company's research partners in Canada and the United States to ultimately
deliver a commercially viable technology. He will work closely with the
Company's minerals technical team to develop an integrated commercial recovery
solution for bitumen and minerals. Successful development and delivery of this
technology will have a significant economic and environmental impact for the
oil sands industry and the Company.
The Company currently has research and development programs underway at
multiple sites in Canada and the United States. Dr. Moran will be responsible
for accelerating these programs from laboratory based solutions through pilot
field testing and commercial feasibility to full scale operations.
Dr. Moran holds a PhD in Chemical Engineering from the University of
Alberta, a Masters degree in Chemical Engineering from the University of
Toronto and undergraduate Engineering and Science degrees from the University
of Western Ontario. He joins the Company from Syncrude Canada Ltd., where he
managed research and pilot programs in oil sands bitumen extraction and froth
Dr. Moran will be based in Edmonton, where he will represent the Company
in oil sands industry forums, Government relationships and research
organizations. He will also continue in his role as Adjunct Professor at the
Department of Chemical and Materials Engineering at the University of Alberta.
About Titanium Corporation
Titanium Corporation Inc. is a Canadian company developing a commercial
process to maximize the inherent value existing in the waste material
currently being deposited in oil sands tailings in the Fort McMurray,
Athabasca region. The Company is developing technology and processes to
integrate the recovery of heavy minerals and bitumen contained in the froth
treatment tailings of oil sands mining extraction operations. The potential
exists in such processes to recover previously wasted resources and also to
simultaneously deliver environmental benefits with the objective of creating a
new sustainable industry for Canada. Titanium Corporation Inc. shares trade on
the Toronto Venture Exchange (TSX.V) under the symbol TIC. For more
information, please visit our website www.titaniumcorporation.com.
Disclosure regarding forward-looking statements
We direct you to our risks and uncertainties statements more particularly
described and updated in Titanium Corporation's Quarterly Management's
Discussion and Analysis filed for the period ended February 29, 2008, on SEDAR
(www.sedar.com). Most notably these risks include, but are not limited to:
risks associated with the advancement of research and development programs
including the successful commercial recovery of bitumen and heavy minerals and
operating or technical difficulties in connection with development activities.
All subsequent written and oral forward-looking statements are based on
estimates and opinions of management on the dates they are made and expressly
qualified in their entirety by this notice.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
For further information:
For further information: Gordon Pridham, Executive Chairman, Titanium
Corporation Inc., (416) 955-0715, E-mail: firstname.lastname@example.org;
Carolyn Muir, Investor Relations, Titanium Corporation Inc., (416) 955-0715 X