Titan Minerals Limited announced that its recent exploration activity at its Linderos Project in Southern Ecuador has continued to show excellent copper and coincident molybdenum results from channel sampling at the Copper Ridge porphyry copper target. The recently completed soil geochemistry results have highlighted a classic zoned doughnut shaped anomaly approximately 750m in diameter with a central core of copper, molybdenum, and tungsten ringed by an outer halo of selenium, tellurium and bismuth. Detailed stratigraphic, alteration and vein abundance mapping completed by Titan's technical team, coupled with geophysical and geochemical datasets have defined compelling targets for a first phase of drilling at Copper Ridge.

Linderos Project Exploration Activity Update: The Linderos Project is located 20km southwest of the Company's Dynasty Gold Project, in southern Ecuador's Loja Province. Located in a major flexure of the Andean Terrane, within a corridor of mineralisation extending from Peru through northern Ecuador, the Linderos Project sits within the metallogenic corridor which plays host to the majority of porphyry copper and epithermal gold deposits in southern Ecuador. Titan's focus at Linderos has been to advance exploration activities by gathering further geological information through surface mapping and geochemical sampling at the Meseta Gold Prospect and the Copper Ridge Porphyry Prospect.

Previous work has highlighted the potential for high-grade gold mineralisation near surface within the Meseta Prospect, with results from recent mapping and surface channel sampling confirming the presence of strike extensive vein hosted high-grade gold at surface. Some of the better channel sample results include 4.1m @ 4.51g/t gold and 6.04g/t silver and 12.9m @ 2.27g/t gold and 2.87g/t silver in MGC010 and 10m @ 5.46g/t gold and 261.96g/t silver in MGC22-019. The Copper Ridge prospect features surface copper-molybdenum anomalism highlighted by channel and soil sampling recently completed by Titan.

Mapping has confirmed that copper-molybdenum mineralisation is centered on dioritic porphyry intrusions approximately one (1) kilometre in diameter, with these porphyritic intrusions also containing abundant mineralised quartz veining and copper oxide mineralisation at surface. Some of the better results returned from recent channel sampling at Copper Ridge include 46m @ 0.24% copper and 9.71ppm molybdenum in channel CRC040; 32m @ 0.21% copper and 3.91ppm molybdenum in channel CRC051; and 26m @ 0.22% copper and 9.76ppm molybdenum in channel CRC037. Historical diamond drilling at Copper Ridge has previously returned significant intersections including 99.75m @ 0.26% copper from 255m downhole (ERIKA01); and 84.85m @ 0.32% copper from surface to end of hole (ERIKA02).

These historical drill holes have been relogged by the Titan exploration team, with logging suggesting that the higher-grade mineralisation is associated with a dioritic porphyry intrusion. Of importance to note is that this inter-mineral porphyry phase has been observed to have potassic altered and veined xenoliths of an earlier/older porphyry. The porphyry responsible for the xenoliths has not been noted during field mapping or intersected in any of the drill holes.

This earlier porphyry constitutes drill target as the early porphyries tend to have a higher tenor of copper mineralisation in mineralised porphyry systems. Titan believes that the Copper Ridge prospect has the potential to contain a Tier 1 copper porphyry system, given its favourable location and evidence gathered from historical and recent exploration activities by the Company. Titan's technical team is very encouraged by these results and are now well advanced in their preparations to drill test the high priority target areas identified at the Copper Ridge prospect.