Titanium Corporation reports exercise of warrants

TORONTO, Aug. 18 /CNW/ - Titanium Corporation Inc. (TSXV:TIC) is pleased
to report on the exercise of share purchase warrants. As reported in the
Company's last unaudited financial statements for the nine months ended     
May 31, 2005, there were 2,080,189 warrants outstanding exercisable at a price
of $2.00 expiring on August 17, 2005. The Company advises that of these
warrants, 1,899,315 were exercised prior to the expiry date resulting in the
issuance of 1,899,315 common shares at the price of $2.00 per share for total
proceeds of $3,798,630. These share purchase warrants were part of a share
offering completed in February 2004.
Titanium Corporation advises that the total issued and outstanding common
shares after the foregoing are 43,975,306 common shares.

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 Company'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 pilot facility, 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.

Disclosure regarding forward-looking statements
Note: This press release contains projections and forward-looking
information that involve various risks and uncertainties regarding future
events. Such forward-looking information can include without limitation
statements based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance of the Corporation.
These risks and uncertainties could cause actual results and the Corporation's
plans and objectives to differ materially from those expressed in the   
forward-looking information. Actual results and future events could differ
materially from those anticipated in such information. These and all
subsequent written and oral forward-looking information are based on estimates
and opinions of management on the dates they are made and expressly qualified
in their entirety by this notice. The Corporation assumes no obligation to
update forward-looking information should circumstances or management's
estimates or opinions change.

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