Titan Mining Corporation announced that its Empire State Mines (ESM) has received the permit from New York State Department of Environment and Conservation (“NYSDEC”), allowing it to begin mining activities on the Sphaleros open pit mine project. General Manager, Joel Rheault commented “We are pleased that NYSDEC has recognized the thoroughness of plan as well as commitment to sustainable and responsible development. Completion of this infrastructure project will allow ESM to increase throughput to the existing mill beginning in the first half of 2023.” The Sphaleros open pit incorporates the Hoist House, Pump House and Turnpike pits which comprises a Measured Mineral Resources of 105,000 tons at a grade of 3.34% zinc, Indicated Mineral Resources of 595,000 tons at a grade of 3.09% zinc and Inferred Mineral Resources of 217,000 tons at a grade of 3.37%.

With this permit in hand, ESM is moving immediately to complete construction of a 1.8 mile haul road from the Sphaleros project to the existing mill facility and start waste stripping and site preparation around the open pits. Titan also announces that it has entered into a fixed zinc pricing arrangement for 50% of the Company's budgeted zinc production for the remainder of 2022 at a price of USD 1.61 per pound of zinc.