Titan Mining Announces US$10M Bridge Loan

Titan Mining Announces US$10M Bridge Loan

Vancouver, B.C., April 16, 2024 – Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”)

is pleased to announce a US$10M bridge loan from the Company’s largest shareholder, Augusta

Investments Inc. (“ Augusta Investments”). Proceeds from this loan have been used to repay

part of the Company’s current credit facility with the National Bank of Canada (“NBC”) bringing

the outstanding amount down from $27. 2 million to $17.2 million following the payment to NBC .

The Company and Augusta Investments are in ongoing negotiations regarding terms of this loan

and of the US$5M advance made by Augusta Investments earlier this year.

About Titan Mining Corporation

Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State

Mine located in New York state. Titan is built for growth, focused on value and committed to excellence.

For more information on the Company, please visit our website at www.titanminingcorp.com.

Contact

For further information, please contact:

Investor Relations: Email: [email protected]

Cautionary Note Regarding Forward-Looking Information

Certain statements and information contained in this new release constitute "forward -looking statements",

and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward -

looking statements"). These statements appe ar in a number of places in this news release and include

statements regarding our intent, or the beliefs or current expectations of our officers and directors, including

that the Company and Augusta Investments are in ongoing negotiations regarding terms of the loan

announced in this news release and of the US$5M advance made by Augusta Investments earlier this year.

When used in this news release words such as “to be”, "will", "planned", "expected", "potential", and similar

expressions are intended to identify these forward-looking statements. Although the Company believes that

the expectations reflected in such forward -looking statements and/or information are reasonable, undue

reliance should not be placed on forward -looking statements since the Company can give no assurance

that such expectations will prove to be correct. These statements involve known and unknown risks,

uncertainties and other factors that may cause actual results or events to vary materially from those

anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified

in the Company's periodic filings with Canadian securities regulators. Such forward-looking statements are

based on various assumptions, including assumptions made with regard t o the Company and Augusta

Investments being able to agree to commercial terms for the loans; and receipt of all necessary approvals

for the loans. While the Company considers these assumptions to be reasonable, based on information

currently available, they may prove to be incorrect. Except as required by applicable law, we assume no

obligation to update or to publicly announce the results of any change to any forward -looking statement

contained herein to reflect actual results, future events or development s, changes in assumptions or

changes in other factors affecting the forward -looking statements. If we update any one or more forward -

looking statements, no inference should be drawn that we will make additional updates with respect to

those or other forward-looking statements. Readers should not place undue importance on forward-looking

statements and should not rely upon these statements as of any other date. All forward-looking statements

contained in this news release are expressly qualified in their entirety by this cautionary statement.