Titanium Announces Signing Contribution Agreement with Emissions Reduction Alberta ("Era") FOR Engineering Design Project at Canadian Natural'S Horizon Site
Mailing Address 1020, 903 8 Avenue, SW • Calgary, Alberta • T2P 0P7
Telephone: 403.454-2881 • Fax: 403.770.8233• www.TitaniumCorporation.com
TSX Venture Exchange Symbol TIC
TITANIUM ANNOUNCES SIGNING CONTRIBUTION AGREEMENT WITH EMISSIONS
REDUCTION ALBERTA ("ERA") FOR ENGINEERING DESIGN PROJECT AT CANADIAN
NATURAL'S HORIZON SITE
Calgary, Alberta – October 19, 2017 – Titanium Corporation Inc. ("Titanium" or the "Company") (TSXV:
TIC) is pleased to announce that the Company and ERA have signed a contribution agreement whereby ERA will
fund up to the lessor of $5 million or 50% of the cost of an engineering design project for implementation of
Titanium's CVW™ technology at Canadian Natural 's Horizon site, subject to certain customary conditions . With
the ERA contribution, the estimated $10.2 million project is now fully funded, with Titanium and Canadian Natural
committed to funding $1.5 million and up to $3.7 million respectively.
"This final funding is an important component in moving the project forward. We appreciate the support from ERA
and Canadian Natural and are excited about the potential for the first commercial implementation of our
technology," commented Scott Nelson, Titanium's President and Chief Executive Officer. "Our team and Canadian
Natural are now assembling the outside engineering and o ther resources for the project. Engineering design is
expected to start in early 2018 and be completed in approximately 12 months."
About Titanium Corporation
Titanium Corporation's CVW™ technology provides sustainable solutions to reduce the environmental footprint of
the oil sands industry. 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 mat erially reduced; hot tailings water is improved in quality
for recycling; and residual tailings can be thickened 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.
Disclosure regarding forward-looking statements
This press release contains forward-looking statements. More particularly, this press release contains statements
concerning the potential for a first commercial implementation of the Company 's technology. Although the
Company believes that the expectations reflected in these forward looking s tatements are reasonable, undue
reliance should not be placed on them because the Company can give no assurance that they will prov e to be
correct. Since forward -looking statements address future events and conditions, by their very nature they involve
inherent risks and uncertainties. The forward-looking statements contained in this press release are made as of the
date hereof and the Company undertakes no obligation to update publicly or revise any forward looking statements
or information, whether as a result of new information, future events or otherwise, unless so required by applicable
securities laws.
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.
Mailing Address 1020, 903 8 Avenue, SW • Calgary, Alberta • T2P 0P7
Telephone: 403.454-2881 • Fax: 403.770.8233• www.TitaniumCorporation.com
TSX Venture Exchange Symbol TIC
For further information, contact:
Scott Nelson Jennifer Kaufield
President & CEO Vice President, Finance & CFO
Tel: (403) 561-0439 Tel: (403) 874-9498
Email: [email protected] Email: [email protected]