Titanium Corporation Inc. announces extension of exclusivity agreement

Company plans to construct sampling plant at Syncrude site in 
Ft. McMurray

TORONTO, April 26 /CNW/ - Titanium Corporation Inc. (TSXV: TIC) today
announces that the three way exclusivity agreement between Syncrude Canada
Ltd., Titanium Corporation Inc. and a major titanium dioxide pigment producer
has been extended for a further 12 months. As a further development of the oil
sands mineral recovery project, Titanium Corporation is now proceeding with
the design, engineering and installation of a bulk sampling facility to be
erected at the oil sands tailings site in Ft. McMurray.
The bulk sampling plant is a small-scale wet mill facility, which will
separate the oil and water from mineral-bearing sand. This solid material will
then be trucked to Titanium Corporation's demonstration plant in Regina for
further processing. The bulk sampling plant will provide further confirmation
of the consistency of the material from which titanium and zircon products are
being produced at the Regina facility.
The plant, which will be fabricated in Australia, is anticipated to be
operational by late Summer 2005 and it will operate for several months. The
Company estimates a total capital and operating expense of CAD $625,000.

About Syncrude Canada Ltd.
--------------------------
The Syncrude Project is a joint venture operated by Syncrude Canada Ltd.
and owned by, Canadian Oil Sands Limited Partnership, Canadian Oil Sands
Limited, Conoco Phillips Oilsands Partnership II, Imperial Oil Resources,
Mocal Energy Limited, Murphy Oil Company Limited, Nexen Inc. and Petro-Canada
Oil and Gas.

Trading Symbols for Public Syncrude Joint Venture Owners:
Canadian Oil Sands Limited Partnership        COS.UN-TSE
Canadian Oil Sands Limited
Conoco Phillips Oilsands Partnership II       COP/NYSE
Imperial Oil Resources                        IMO-TSX
Mocal Energy Limited
Murphy Oil Company Limited                    MUR-NYSE
Nexen Inc.                                    NXY-TSX/NYSE
Petro-Canada Oil and Gas                      PCA-TSX/PCZ-NYSE


About Titanium Corporation
--------------------------
Titanium Corporation Inc. is a Toronto-based mineral development company
whose shares are listed on the TSX Venture Exchange under the symbol "TIC",
U.S. clearing symbol "TITUF", CUSIP Number: 88833T104. The Corporation's
mission is to become the first titanium and zircon sand producer from Canada's
oil sands. Through extensive research, including the construction and
operation of a $5 million commercial demonstration facility in Regina,
Saskatchewan, the Company has developed proprietary technology to recover
valuable titanium-bearing minerals and zircon from oil sands tailings. For
more information, please visit www.titaniumcorporation.com.

Note: This press release contains projections and forward-looking
statements regarding future events. Such forward-looking statements are not
guarantees of future performance of the Corporation and are subject to risks
and uncertainties that could cause actual results and the Corporation's plans
and objectives to differ materially from those expressed in the forward-
looking statements.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.