Titan Mining Corporation announced the closing of a revolving credit facility with National Bank of Canada for $40 million. In addition to the Credit Facility, National Bank has provided the Company with an up to $15 million treasury line enabling additional access to funds for future zinc contract commitments. Titan will use the proceeds to consolidate previous loans held with Augusta Investments Inc. and the Bank of Nova Scotia.

Executive Chairman, Richard Warke will guarantee the National Bank credit facility through Augusta Investments and its related entity for an annual rate of 1.125%.