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

    CALGARY, Nov. 23 /CNW/ - On November 23, 2007, Arthur Silber ("AS")
acquired ownership of, and control and direction over, 24,500 class "B" shares
("Class B Shares") of Titan Exploration Ltd. ("Titan"), representing 2.42% 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. Since
the commencement of the formal bid by Canetic Titan Ltd., a wholly-owned
subsidiary of Canetic Resources Trust, for the class "A" shares and Class B
Shares of Titan pursuant to a takeover bid circular dated November 13, 2007,
AS has acquired 34,500, or 3.41% of the issued and outstanding, Class B
Shares. As a result, AS now has ownership of, and control and direction over,
187,500 Class B Shares, representing 18.52% 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: or to obtain a copy of the report required
pursuant to the early warning reporting requirements, please contact: Arthur
Silber, 5508 Randall Road, Cote St. Luc, QC, H4V 2V8, Phone: (514) 847-6341,
Fax: (514) 847-6436

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