September 9, 2008
Titan Resources International Inc. Announces LOI
Titan Resources International Inc. (PINKSHEETS: TNRI) (FRANKFURT: 36T1) is pleased to announce that further to its strategy of focusing on exploration stage precious metals properties in known mining districts in North America, and in particular Northern Ontario, that it has signed a Letter of Intent with an Ontario resource exploration company outlining terms of purchase of an undivided 50% interest in a group prospective gold mining claims.
The property consists of 40 mining claims covering just under 700 hectares, and is located in the Napanee Lake area of the Sault Ste. Marie mining district, in Northern Ontario, Canada.After careful interpretation of the available historical information, along with recommendations made by the Ontario geological Societies' detailed study of the area, management believe that the geology, structure and mineralization present on the property indicate that additional exploration is highly warranted.
TITAN Resources International Inc. is a publicly traded resource exploration company dedicated to the acquisition, exploration and development of small to medium size precious metals properties of exceptional merit in North and South America. Please visit our company web site at www.titan-resource.com
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may,""should,""expects,""plans,""anticipates,""believes,""estimates,""predicts,""potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.
Contact: INVESTOR RELATIONS: Titan Resources International Inc. (866) 365-4724 Email: Email Contact Website: http://www.titan-resource.com
SOURCE: Titan Resources International Inc.