TORONTO, Feb. 25 /CNW/ - Titanium Corporation Inc. ("the Corporation") (TSX-V:TIC) today announced that the board of directors has approved issuance of 500,000 stock options to Mr. Scott Nelson, President and CEO of the Corporation, and 50,000 stock options to each of, Bruce Burton, Malcolm Macpherson, Gordon Pridham, Eric Slavens and Brant Sangster, all directors of the Corporation. These stock options are all exercisable at $2.00 per share for a period of five years, pursuant to the Corporation's stock option plan and in accordance with the policies of the TSX Venture Exchange.
About Titanium Corporation
--------------------------
Titanium Corporation Inc. is a Canadian company developing a commercial process to maximize the inherent value existing in the waste material currently being deposited in oil sands tailings in the Fort McMurray, Athabasca oil sands region. Through extensive research, including the construction and operation of pilot processing facilities, the Company is developing technology to integrate the recovery of heavy minerals and bitumen from mined oil sands tailings. Titanium Corporation's technology could be applied to existing and planned mined oil sands projects with the objective of creating a new sustainable industry for Canada. Titanium Corporation Inc. shares trade on the Toronto Venture Exchange (TSX.V) under the symbol TIC. For more information, please visit our website www.titaniumcorporation.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.