Titan Mining : Corporate Presentation - May 2021

FOCUS ON EXPLORATION AND DEVELOPMENT IN PROLIFIC MINING DISTRICTS

TSX: TI

May 2021

Forward-Looking Information

This presentation contains "forward-looking information" within the meaning of Canadian securities laws. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "unique investment opportunity", "is positioned" or "assumes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would" or "will" occur or be achieved. In addition, any statements that refer to expectations, predictions, indications, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward- looking information are not historical facts, but instead represent management's expectations, estimates and projections regarding future events.

Forward-looking information includes, among other things, statements relating to: estimated C1 cash costs and AISC; future financial or operating performance and condition of the Company, including its ability to continue as a going concern, and its business, operations and properties; the Company's ability to implement its growth strategy to maximize the value of its property holdings; the Company's planned exploration and development activities at both Empire State Mine and Mineral Ridge property; costs, timing and results of future exploration and drilling; forecasted trends in the global zinc market, including in respect of the price of zinc and gold; capital and operating cost estimates; economic analyses (including cash flow projections) from the Technical Reports; the adequacy of the Company's financial resources; the estimation of mineral resources; the realization of mineral resource estimates; the probability of inferred mineral resources being converted into measured or indicated mineral resources; the production schedule for the Empire State Mines ("ESM") #4 mine; the timing of completion and results of drift rehabilitation and refurbishment of ESM #4 mine; production estimates for ESM #4 mine; the Company's plans for marketing of zinc concentrate produced at the Empire State Mine and mill; any updates to the mine plan for ESM #4 mine and continuation of the drill program at the Empire State Mine; timing, receipt and maintenance of approvals, consents and permits under applicable legislation; the Company's ability to re-negotiate expired leases and the timing thereof; environmental, permitting, legal, taxation, title, socio-economic, community relations or political issues that may adversely affect the Company's current and anticipated operations; the Company's expectations with respect to the payment of dividends; the Company's ability to make scheduled payments of the principal, or to pay interest on or refinance its indebtedness; the Company's expectations with respect to principal shareholders; and the Company's expectation that it will be able to continue to locate and retain employees and consultants with required skills and knowledge.

Forward-looking information is based on opinions, assumptions and estimates made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate and reasonable in the circumstances, as of the date of this presentation, including, without limitation, assumptions about: equity and debt capital markets; the ability to raise any necessary additional capital on reasonable terms; future prices of zinc, gold and other metals; the timing and results of exploration and drilling programs; the likelihood of discovering new mineral resources in the Balmat-Edwards district; the accuracy in the Technical Report of the mine production schedule; the estimated time of completion of drift rehabilitation and refurbishment of ESM #4 mine; the production estimates; the geology and geophysical data of ESM; the metallurgical forecast; the economic analysis, capital and operating cost estimates; the accuracy of any mineral resource estimates; the successful integration of ESM into the Company's business; availability of labour; the accuracy of drill sample results at ESM; future currency exchange rates and interest rates; operating conditions being favourable;

political and regulatory stability; the receipt of governmental and third party approvals, licenses and permits on favourable terms; obtaining required renewals for existing approvals, licenses and permits and obtaining all other required approvals, licenses and permits on favourable terms; sustained labour stability; stability in financial and capital goods markets; availability of equipment and the condition of existing equipment being as described in the Technical Report; the absence of any long-term liabilities created by the mining activity in the Balmat region beyond those described in the Technical Report; the accuracy of the Company's accounting estimates and judgments; the impact of adoption of new accounting policies; the Company's ability to satisfy the terms and conditions of its indebtedness; and the timing of a revised mine plan for ESM. There can be no assurance that such estimates and assumptions will prove to be correct. In addition, if any of the assumptions or estimates made by management prove to be incorrect, actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking information contained in this presentation. Accordingly, readers of this presentation are cautioned not to place undue reliance on such information.

Forward-looking information is necessarily based on a number of the opinions, assumptions and estimates that, while considered reasonable by the Company as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward- looking information, including but not limited to the following factors described in greater detail under the heading "Risks and Uncertainties" in the Company's Management's Discussion and Analysis for the year ended December 31, 2020, available at www.sedar.com: limited operating history; dependence on ESM; refurbishment of the mine and mill; inherent risks of mining; estimates of mineral resources; production decisions based on mineral resources; uncertainty in relation to inferred mineral resources; fluctuations in demand for, and prices of, zinc; production projections and cost estimates for ESM #4 mine may prove to be inaccurate; future requirements for additional capital; profitability of the Company; ability to attract and retain qualified management; title; competition; governmental regulations; market events and general economic conditions; environmental laws and regulations; threat of legal proceedings; rights, concessions and permits; social and environmental activism; land reclamation requirements; Tailings Management Facility and environmental reclamation; insurance; undisclosed liabilities; health and safety; dependence on information technology systems; zinc hedging activities; conflicts of interest; risks inherent in the Company's indebtedness; risks inherent in acquisitions; integration of the mine assets; labour and employment retention/relations; anti-corruption and bribery regulation, including ESTMA reporting; infrastructure; enforceability of judgments; absence of a market for the common shares; fluctuations in price of the common shares; loss of entire investment; significant ownership by Richard W. Warke; future sales of common shares by Richard W. Warke and other directors and officers of the Company; use of proceeds; payment of dividends; currency exchange rate risks; pro forma financial information; public company status; financial reporting and other public company requirements; dilution; and securities analysts' research or reports could impact the price of the common shares. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company. These factors and assumptions, however, should be considered carefully. Currency is in US dollars and tonnage is in short tons unless otherwise indicated.

The scientific and technical information in this presentation has been approved by Mr. Scott Burkett. Mr. Burkett, Vice President of Exploration for Titan, is a qualified person as defined by National Instrument 43-101 (NI 43-101). Mr. Burkett has over 12 years of mineral exploration experience and is a Registered Member through the SME (registered member # 4229765). Other than as required by securities laws, Titan assumes no responsibility for updating the forward-looking information in this presentation

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Overview

• Focus on exploration and development; driven by best-in-class leadership
• • Empire State Mine (ESM), NY State
  • • 100%-ownedzinc producer in historic mining district

• • In the process of developing 3 near-mineopen-pit resources
• Mineral Ridge, Nevada
• • Earn-Inup to 100%
  • Fully permitted
  • M&I Mineral Resources of 355,500* oz of 1.10 g/t gold
  • Drill program:
  • • Phase 1: Completed; results pending

Mineral Ridge, Nevada

Empire State Mine, New York

• • Phase 2: Initiated
• Part of the Augusta Group - strong track record in exploration and development

Toronto Stock Exchange Symbol		TI
Shares Outstanding (05/14/2021)	139	M
Fully Diluted Shares Outstanding (05/14/2021)	170	M
Market Capitalization (as of 05/17/2021)	C$65	M

• Includes Measured Mineral Resources of 155,200 oz of 2.55 g/t gold and Indicated Mineral Resources of 180,300 oz of 0.74 g/t gold. Mineral Resources are quoted inclusive of Mineral

Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic	3
viability. Refer to the Titan Technical Report entitled, "Mineral Ridge Project, Esmeralda County,

Nevada, USA" having an effective date of December 22, 2020 and filed on sedar.com.

Our Strategy

Mission: To deliver development and operational

BEST-IN-CLASS LEADERSHIP

• Leverage experienced management and directors
• Remain aligned with shareholders - management/directors own 58% of Titan shares
• Attract and retain top talent
  PRUDENT GROWTH
• Maximize NAV per share through risk-adjusted returns
• Advance pipeline of low-risk,high-return organic projects
• Realize external opportunities to enhance our North American
• Maintain a conservative capital structure

Empire State Mine:

Focused on Exploration in a 100-Year-Old Zinc District

• Producing zinc concentrate
• Local employer, benefiting St. Lawrence County in northern New York
• Long-termzinc concentrate offtake agreement with Glencore - transportation within North America
• Historic production - 44M tons milled at average grade of 9.4% zinc from 7 mines within 30-mile radius of mill

>80,000 acres of mineral rights controlled throughout district

Pierrepont Mine

Edwards Mine

Hyatt Mine

#4 Mine #2D Zone

Shipment of zinc concentrate leaving site

OPERATIONAL EXCELLENCE

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