SASKATOON, Dec. 15 /CNW/ - Titan Uranium Inc. ("Titan" or the "Company") (TSX-V:TUE, FSE:T4X) is pleased to announce the appointment of Mr. Chris Healey as interim
President and Chief Executive Officer effective January 1, 2011. Mr.
Healey has over 40 years experience in the natural resources industry,
specializing in uranium exploration and extraction. Mr. Healey has
served as Titan's Chief Operating Officer since August of 2009. Prior
to joining Titan, he was President and Director of Uranium Power
Corporation and Chief Operating Officer and Director of Cue Resources
Ltd. Mr. Healey is a former senior employee of Cameco Corporation,
where he managed its US operations and was also involved in the
discovery and development of two of the largest high grade uranium
deposits in the world. Mr. Healey is a past president of the
Geological Society of the Canadian Institute of Mining, Metallurgy and
Mr. Brian Reilly has resigned from his position as President, Chief
Executive Officer and Director effective January 1, 2011 to pursue
another opportunity. Titan's Board of Directors would like to thank
Mr. Reilly for his contributions to the company and wish him all the
best in his future endeavors.
About Titan Uranium Inc.
Titan Uranium's vision is to be a leading mid-tier North-American
uranium exploration, development and mining company. Our mission is to
create shareholder value by advancing quality projects to production.
Our growth strategy is driven by three elements:
Development: A pre-feasibility study has been completed at the Sheep Mountain
Uranium Project, Wyoming. The deposit contains a NI 43-101 compliant
probable reserve of 14.2M lbs. of U3O8 (6,393,000 tons at 0.111% e
U3O8) (see Titan press release April 12, 2010).
Exploration: The goal is to discover world class uranium deposits by exploring over
1.5M acres of land in the proven Athabasca and prospective Thelon
Basins. Exploration programs are also active in Utah and Wyoming.
Consolidation: The Company is actively pursuing M & A opportunities and focused on
uranium-friendly jurisdictions such as Saskatchewan and Wyoming.
Titan has gained market recognition for its ability to attract strategic
partners to participate in the exploration of its properties. Japan
Oil, Gas and Metals National Corporation and Mega Uranium Ltd. are
partners in current exploration programs managed by Titan.
Titan is well-financed and ideally positioned to emerge as a pre-eminent
player in the uranium industry.
ON BEHALF OF TITAN URANIUM INC.
Mr. Don Ching, Non-Executive Chairman
Neither 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.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. This News
Release includes certain "forward-looking statements". All statements
other than statements of historical fact, included in this release,
including, without limitation, statements regarding potential
mineralization and reserves, exploration results, and future plans and
objectives of Titan Uranium, are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from Titan Uranium's expectations are exploration risks
detailed herein and from time to time in the filings made by Titan
Uranium with securities regulators.
SOURCE TITAN URANIUM INC.
For further information: For further information:
Titan Uranium Inc.
Phone: 306-651-2405 or 604-925-1810