Titanium Corporation Inc. announced that Scott Nelson will be retiring from his position as President of the Company effective March 31, 2022. Upon Mr. Nelson's retirement, and until such time as the board of directors of the Company appoints a permanent Chief Executive Officer, the Board has appointed the current Chairman, Darren Morcombe, as the Company's Executive Chairman and Interim Chief Executive Officer effective March 31, 2022. With the Chairman assuming an interim executive role the Board has appointed John Brussa as Lead Independent Director consistent with best governance practice.

In order to continue to benefit from Mr. Nelson's deep knowledge of the Company, government agencies and the company's oil sand industry partners, Mr. Nelson will be engaged by the Company as a consultant until the end of May 2025. Mr. Nelson has worked tirelessly to progress the development of the Company and its CVWTM technology since his appointment in 2005.