CVW.V · 2021-03-11 12:00:00

Titanium Announces Payment From Emission Reduction Alberta for the First Engineering Phase Milestone of the CVW™ Horizon Project

Corporate Updates

Titanium Announces Payment From Emission Reduction Alberta for the First

Engineering Phase Milestone of the CVW™ Horizon Project

CALGARY, Alberta, March 11, 2021 (GLOBE NEWSWIRE) -- Titanium Corporation Inc. ("Titanium" or the "Company")

(TSXV: TIC) today announced the completion and payment of the first milestone of $800,000 less a 20% holdback, from

Emissions Reduction Alberta (“ERA”) for the engineering phase of the CVW™ Horizon Project. The ERA payment is the first

under the $5 million ERA Contribution Agreement previously announced on September 28, 2020.

The payment is with respect to 2020 joint project costs totaling $5.4 million incurred by Titanium and Canadian Natural

Resources Limited (“Canadian Natural”) and shared $1.6 million and $3.8 million, respectively. The net payment of $640,000 is

allocated on a 30% (Titanium - $192,000) and 70% (Canadian Natural - $448,000) basis under the 2020 Project Coordination

Agreement, previously announced on December 22, 2020.

About Titanium Corporation Inc.

Titanium's CVW™ technology provides sustainable solutions to reduce the environmental footprint of the oil sands industry.

The Company is working with Canadian Natural on engineering validation of its CVW™ technology. The Company's technology

reduces the environmental impact of oil sands tailings while economically recovering valuable products that would otherwise

be lost. CVW™ recovers bitumen, solvents and minerals from tailings, preventing these commodities from entering tailings

ponds and the atmosphere; volatile organic compound and greenhouse gas emissions are materially reduced; hot tailings

water is improved in quality for recycling; and residual tailings can be remediated more readily. A new minerals industry will be

created commencing with the production and export of zircon, an essential ingredient in ceramics. The Company's shares

trade on the TSX Venture Exchange under the symbol "TIC". For more information, please visit the Company's website at

www.titaniumcorporation.com.

About Emissions Reduction Alberta (“ ERA” https://www.eralberta.ca)

For more than 10 years, ERA has been investing the revenues from the carbon price paid by large final emitters to accelerate

the development and adoption of innovative clean technology solutions. Since ERA was established in 2009, they have

committed $616 million toward 186 projects worth $4.5 billion that are helping to reduce GHGs, create competitive industries

and are leading to new business opportunities in Alberta. These projects are estimated to deliver cumulative reductions of 35

million tonnes of CO₂e by 2030.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, contact:

Scott Nelson

President & CEO

Tel: (403) 561-0439

Jennifer Kaufield

Vice President Finance & CFO

Tel: 403-874-9498