Titan Minerals Limited provided an operational update regarding its exploration activities for the Dynasty Gold Project in Ecuador. The ongoing diamond drilling and re-logging programs are focused on defining a higher resolution geologic model to support 3D modelling and geostatistical estimation of resources at the Dynasty Gold Project, in accordance with principles of the JORC Code. Drilling activities have resumed on the Company's Papayal Prospect area following a two-week hiatus during the end of year holiday period. The break in drilling has afforded the opportunity for teams to catch-up on a back log of work cutting core and submitting samples for assay. Final holes drilled on the Iguana Prospect were submitted for analysis in late December, and all Iguana Prospect drill samples are now submitted for analyses. Also, re-sampling to a JORC compliant standard of diamond drill core recovered in 2019, is now complete and all samples from that program have been submitted for assay. Dynasty Confirmatory Exploration To better define vein geometries for the project, the first oriented drill core is being collected from the ongoing 12,000m diamond drilling campaign, which is over 50% complete. All drill samples for the Iguana Prospect are now at the laboratory with results anticipated to be received in late January. Diamond drilling on the Papayal Prospect commenced in December and drill activity is ongoing. During previous production activities, trust with the community was broken. To rebuild trust and a long-term relationship with the communities, Titan has been working through legacy issues that have affected timing of access to the prospect areas the company need to drill. Granting of permission to access community and private land has been incremental with drilling commencing initially at the Iguana Prospect followed by the Papayal Prospect. Discussions with the community for access to the Cerro Verde Prospect are progressing but not finalized. The company's preference was to drill the Cerro Verde Prospect first, where the bulk of the resource is found, followed by the Papayal Prospect and the Iguana Prospect. Circumstances have required that it be done in reverse. Results for each prospect will be reported in the sequence drilled, when all assays have been received and evaluated. Iguana Prospect is a zone of narrow quartz veins with predominantly epithermal style mineralization textures extending over 2.5km northeast from the Cerro Verde Prospect as mapped at surface. Previous resource estimations from the initial 6,521m of historical drilling in 39 holes completed before 2008 cover only 1km strike extent of the vein corridor and have previously inferred up to 375,000 ounces of gold hosted in ten quartz veins. The Iguana vein corridor is historically drilled on approximately 100m spacing within 100m of surface along 1km of strike extent with a principal vein of up to 4 to 5m true width occurring with smaller sub-parallel veins and vein splays. The Iguana vein corridor is not a highly ranked target for open pit potential; however, the lateral strike extent of the vein zone holds potential for underground development in the future, and confirmatory drilling activity on Iguana is focused on assessing continuity of mineralization, confirming vein orientations, and a proportion of the drilling completed includes some minor step-outs on both the main vein zone, and several of the ancillary veins. An additional 1.2km of strike extension has been mapped and channel sampled, highlighting relatively high-grade mineralization at surface. This high-grade vein zone at Iguana remains un-drilled along strike and below 100m depth. Evaluation of Historical Diamond Drill Core ­ Dynasty Gold Project Evaluation of diamond drill core from previous drilling programs since 2004 are nearing completion and integration of those data sets for modelling has commenced. The 27,700m re-logging campaign and extension sampling of non-vein drill core for the 201 original diamond drill holes is now over 50% complete. 4,600m of re- logging and sampling of 42 diamond drill holes completed during production drilling in 2019-2020 is 100% complete. All samples re-logged to date have been submitted for analysis with results for 2019 drilling anticipated in early February.