Titanium Issues Restricted Share Units and Deferred Share Units

Mailing Address 1020, 903 8 Avenue, SW • Calgary, Alberta • T2P 0P7

Telephone: 403.454-2881 • Fax: 403.770.8233• www.TitaniumCorporation.com

TITANIUM ISSUES RESTRICTED SHARE UNITS AND DEFERRED SHARE UNITS

Calgary, Alberta – February 28, 2017 – Titanium Corporation Inc. ("Titanium" or the "Company") announces that it

has issued restricted share units of the Company ("RSUs") and deferred share units of the Company ("DSUs") under each of

the Company's shareholder approved restricted share unit plan (the "RSU Plan") and deferred share unit plan (the "DSU

Plan"), respectively.

The Company issued an aggregate of 51,875 RSUs to certain officers of the Company under the RSU Plan in settlement of

$30,088 of compensation owing to such officers for the quarter ended February 28, 2017. The RSUs vest immediately and

entitle the holder to acquire one common share (a "Common Share") of the Company underlying each such RSU by delivering

a notice of acquisition to the Company and paying the required award price and withholding taxes, all in accordance with the

RSU Plan.

Additionally, the Company issued an aggregate of 121,551 DSUs to non-executive directors under the DSU Plan in settlement

of $70,500 of directors' compensation for the quarter ended February 28, 2017. The DSUs are to be settled in Common Shares

when the director retires from all positions with the Company.

In accordance with each of the RSU Plan and the DSU Plan, the RSUs and DSUs were priced based on the weighted average

price per Common Share at which the Common Shares traded on the TSX Venture Exchange during the last five trading days

preceding the issuance.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities in any jurisdiction. The

Common Shares of T itanium will not be and have not been registered under the United States Securities Act of 1933, as

amended, and may not be offered or sold in the United States, or to a U.S. person, absent registration or an applicable

exemption therefrom.

About Titanium Corporation Inc.

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 materially 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 anticipated form of settlement of the DSUs and the RSUs. Although the Company believes that the expectations reflected in

these forward looking statements are reasonable, undue reliance should not be placed on them because the Company can give

no assurance that they will prove 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 ot herwise, 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

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]