Victor Wells appointed as Chief Financial Officer

    TORONTO, Dec. 17 /CNW/ - Titanium Corporation Inc. (TSX-V:TIC) today
announces the appointment of Victor Wells as Chief Financial Officer of the
Corporation. Mr. Wells is a corporate director and finance specialist with
over 20 years experience in the resources, transportation and manufacturing
    Mr. Wells has held Vice President Finance, Chief Financial Officer and
senior financial positions with Chemtrade Logistics, Tahera Diamond
Corporation, TVX Gold and Placer Dome. He is a member of the Financial
Executives International (FEI) and recently completed a term as National
President and CEO. He has been a Chapter President and Director and currently
serves as Vice Chair of the Committee on Corporate Reporting. Mr. Wells is a
Chartered Accountant and a Fellow of the Institutes of Chartered Accountants
of Ontario and British Columbia.
    Mr. Wells completed the Directors Education Program at the Institute of
Corporate Directors, Corporate Governance College and obtained his ICD.D
designation. He currently serves as Director and Chair of the Audit Committee
of both Northstar Healthcare Inc. and MagIndustries Corporation and as a
Director of Student Transportation Ltd.

    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

    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:;
Carolyn Muir, Investor Relations, Titanium Corporation Inc., (416) 955-0715 X

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