Titan Mining Corporation announced the discovery of the Kilbourne graphite trend, an extensively drill tested graphite-bearing trend located on the permitted lands hosting Titan?s currently operating Empire State Mine in upstate New York.  The Company believes that the Kilbourne target has the potential to host between 3.36 Mt and 26.25 Mt of Cg, contained within 210 to 1,050 Mt grading 2.0% to 4.5% Cg. The potential tonnages and grades are conceptual in nature and have been estimated using the available drill data, with extents restricted to areas of accessibility and probability of extraction. There has been insufficient exploration to define a current mineral resource and the Company cautions that there is a risk further exploration will not result in the delineation of a current mineral resource.

The Kilbourne target was generated through the review of historic geologic data, recent drilling and assays within the known stratigraphic sequence that hosts Empire State Mines? zinc ore bodies. The high metamorphic grade of the host rocks has increased the size and morphology of the contained graphite to flake sizes.

Fifty-three (53) drill holes have tested the Kilbourne target. All 53 drill holes contain graphite however, to date only six of the holes have been assayed for Cg. Based on the grades of the initial samples and large volumes of the potentially mineralized areas, the Company has retained an independent laboratory for continued testing and evaluation to determine the quality and character of the concentrated graphite product.

The presence of graphite mineralization in the district is well documented, with historic exploration and very limited production occurring in the first half of the 20th century. The Company currently holds over 80,000 acres of mineral rights within St. Lawrence County, NY and will continue to evaluate historic occurrences, prospective lithologies, and geophysical data to aid in identifying additional graphite exploration targets within the district.

Graphite Overview: Graphite is a form of pure carbon that occurs naturally as black crystal flakes and masses. It is chemically inert, thermally stable, has a high electrical conductivity, and is a natural lubricant. These properties make graphite suitable for both industrial (refractories, foundries, lubricants) and energy (batteries, fuel cells, and nuclear reactors) applications.

Graphite occurs naturally or may be synthetically produced from hydrocarbon precursor materials. Naturally occurring graphite is classified into three categories, amorphous, flake, and lump. Of these, flake graphite is used in the production of lithium-ion batteries (LIBs).   The mineralization intercepted by Titan is dominated by crystalline flakes of graphite and may be suitable for use in battery production.

Currently there are no domestic sources for natural flake graphite in the United States, while China produces in excess of 60% of the world?s graphite supply. The United States Department of Energy projects that demand for graphite will exceed production by 79% in 2025. By the year 2035 that gap between production and demand is projected to range from 34% up to 822%.

Even with developments elsewhere in world, China is expected to maintain their global dominance. Graphite is the primary anode material, regardless of battery chemistry, for LIBs. Representing nearly 50% by weight of the contained material in an LIB.

Both synthetic graphite and natural graphite may be used in the production of LIBs. Synthetic graphite is manufactured from hydrocarbon sources using high-temperature heat treatment, this is called graphitization, it requires large amounts of energy and is more expensive to produce than natural graphite. The projected upward trends of demand and production cost of synthetic graphite are expected to lead to increased use of natural flake graphite in battery applications.

The lack of domestic source, concerns with supply security, and projected demand have earned graphite a place on the United States Department of Energy's critical materials list. Currently the US is seeing a boom in the construction of battery plants and Electric Vehicle (EV) manufacturing facilities, adding urgency to developing a domestic graphite supply chain. The high costs of synthetic graphite, financially and environmentally, point to natural graphite as an increasing source in the production of EVs and LIBs.

This may prove particularly true as ESG concerns tied the sourcing of critical materials continues to grow. The US currently only has 2 graphite deposits at pre-feasibility stage or beyond. These are the Graphite Creek Deposit in Alaska and the Coosa Graphite project in Alabama.