Titanium Corporation issues first quarter financial statements

    TORONTO, Jan. 24 /CNW/ - Titanium Corporation Inc. ("the Company")
(TSX-V: TIC) announces that its quarterly financial statements for the three
month period ended November 30, 2007 have been filed. The Company continues to
maintain a strong balance sheet with a cash position of $20 million at the end
of the quarter, no debt and expenses controlled to budget.
    The Company's unaudited financial statements and Management's Discussion
and Analysis for the first quarter of fiscal 2008 can be found on SEDAR at
www.sedar.com and on the Company's website at www.titaniumcorporation.com.
    Titanium Corporation also announces notice of its Annual and Special
Meeting of Shareholders which will be held at the TSX Broadcast Centre
Gallery, The Exchange Tower, 130 King Street West, Toronto, Ontario on
Thursday, February 21, 2008 at 10:00 am Toronto/New York time.

    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 region. The Company is developing technology and processes to
integrate the recovery of heavy minerals and bitumen contained in the froth
treatment tailings of oil sands mining extraction operations. The potential
exists in such processes not only to recover previously wasted resources, but
also to simultaneously deliver environmental benefits 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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