SASKATOON, Jan. 26 /CNW/ - Titan Uranium Inc (TSX-V:TUE, FSE:T4X) is pleased to announce that Mr. Sheldon Inwentash has been appointed to its Board of Directors and will act as Chairman to the Board.  Titan's Board has also confirmed Mr. Chris Healey's appointment as President and CEO, and as a Director of the company. 

Mr. Inwentash is the Chairman and CEO of Pinetree Capital Ltd., a Canadian investment company with a large portfolio of investments primarily in the junior resource and energy sectors, with extensive uranium holdings. Mr. Inwentash, a Chartered Accountant, also serves as a Director and Officer for several other TSX and TSX Venture Exchange listed companies, including Mega Uranium Ltd. and Brownstone Energy Inc. He brings more than 25 years of experience in the investment industry and a deep understanding of progressive investment and financial management strategies. Mr. Inwentash was an Ontario finalist for the 2007 Ernst & Young Entrepreneur of the Year Award.

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, and was named interim President and CEO effective January 1, 2011. 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 Petroleum.

Mr. Donald Ching has resigned from his position as Chairman and Director effective January 25, 2011.  Titan's Board of Directors would like to thank Mr. Ching for his contributions to the company and wish him all the best in his future endeavors.

The company has also granted a total of 3,150,000 options to acquire common shares in the capital of Titan to certain directors, officers, consultants and employees of the Company, pursuant to the Company's stock option plan.  The options are exercisable into common shares of Titan at a price of $0.59 per share, vesting immediately and expiring five years from the grant date. 

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 indicated resource of 30.4 million lbs eU3O8 (13,841,000 tons averaging 0.110% eU3O8) (see Titan press release January 20, 2011).

• 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.


Chris M Healey, President

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:

Investor Relations
Titan Uranium Inc.
Phone: 604-925-1810
Facsimile: 604-921-1898
Email: ir@titanuranium.com

Profil de l'entreprise

Titan Uranium Inc.

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