Arthur Silber announces acquisition of Class B shares of Titan Exploration Ltd.

    CALGARY, Nov. 16 /CNW/ - On November 16, 2007, and since the commencement
of a formal bid by Canetic Titan Ltd., a wholly-owned subsidiary of Canetic
Resources Trust, for the class "A" shares and class "B" shares ("Class B
Shares") of Titan Exploration Ltd. ("Titan") pursuant to a takeover bid
circular dated November 13, 2007, Arthur Silber ("AS") acquired ownership of,
and control and direction over, 5,000 Class B Shares, representing 0.49% of
the issued and outstanding Class B Shares (trading symbol "TTN.B" on the
Toronto Stock Exchange (the "TSX")), through the facilities of the TSX. As a
result, AS now has ownership of, and control and direction over, 158,000 Class
B Shares, representing 15.6% of the issued and outstanding Class B Shares. AS
effected the acquisition of Class B Shares for investment purposes. AS may,
from time to time, acquire ownership of, or control or direction over,
additional securities of Titan, or dispose of some or all of the existing or
additional securities he holds or will hold.

For further information:

For further information: Arthur Silber, 5508 Randall Road, Cote St. Luc,
QC, H4V 2V8, Phone: (514) 847-6341, Fax: (514) 847-6436

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