Gordon Pridham appointed as Executive Chairman

    TORONTO, Dec. 19 /CNW/ - Titanium Corporation Inc. (TSX-V:TIC) today
announces the appointment of Gordon Pridham as Executive Chairman of the
Corporation. Mr. Pridham will work closely with senior management and key
stakeholders as the Company moves into the next phase of development.
    Since joining Titanium Corporation's Board as a director in December
2006, Mr. Pridham, has provided valuable market advice and strategic guidance
to the Company. He is an accomplished executive with more than 25 years
experience in investment banking, capital markets and corporate banking. Mr.
Pridham has financed and advised companies across a broad range of sectors in
both public and private markets. He has a wealth of experience in the energy
and natural resources sectors, having worked in the Energy and Minerals group
of Chemical Bank and National Bank in New York, Calgary, Toronto and Hong
Kong. After working for Merrill Lynch he went on to manage the Canadian
Investment Banking groups at Deutsche Morgan Grenfell, Research Capital, and
Raymond James. He has sat on the boards of various public and private
companies. With this background, he has detailed knowledge on how companies
fund their growth, acquire new business and provide value back to
    Mr. Pridham is President and CEO of Edgewater Capital Inc. and Chairman
of Monarch Wealth Management. He is a graduate of the Institute of Corporate
Directors program and a graduate of the University of Toronto. Mr. Pridham
also serves as a director of Newalta Income Fund, Canada's leading industrial
waste management and environmental services company focused on maximizing the
value inherent in oilfield and industrial waste through the recovery of
saleable products and recycling.
    "Gord Pridham's extensive relationships in the investment and natural
resources communities are particularly valuable to Titanium Corporation at
this point in the Company's development" says Titanium Corporation's acting
Chairman, Eric Slavens. We look forward to his guidance and leadership as the
Company moves towards its goal to develop sustainable technology for the
commercial recovery of minerals and bitumen from oil sands."
    Eric Slavens will reassume the role of Lead Independent Director of the
Company effective immediately.

    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 oil sands region. Through extensive research, including the
construction and operation of pilot processing facilities, the Company is
developing technology to integrate the recovery of heavy minerals and bitumen
from mined oil sands tailings. Titanium Corporation's technology could be
applied to existing and planned mined oil sands projects 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.

    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: Scott Nelson, President & CEO, Titanium
Corporation Inc., (403) 561-0439, E-mail: snelson@titaniumcorporation.com;
Carolyn Muir, Investor Relations, Titanium Corporation Inc., (416) 955-0715 X
224, cmuir@titaniumcorporation.com

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