Titan Mining Intercepts High-Grade Zinc Mineralization Including 17.6ft of 45.4% Zinc, Enhancing Near-term Production at Empire State Mine

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Titan Mining Intercepts High-Grade Zinc Mineralization Including

17.6ft of 45.4% Zinc, Enhancing Near-term Production at Empire State Mine

Vancouver, B.C., October 6th, 2020 – Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”)

today provided an update on its drilling programs at its 100% owned Empire State Mine (“ESM”) located

in upstate New York. Underground drilling has intersected high-grade zinc mineralization in the Mahler

zone that will add to the resource and ultimately enhance ESM’s production profile. Additionally,

exploration drilling has commenced targeting a high priority target in the district.

Highlights from the underground drilling include:

 10.1 feet assaying 20.9% zinc within a larger zone of 21.4 feet assaying 13.0% zinc

 37.0 feet assaying 20.2% zinc within a larger zone of 80.2 feet assaying 15.6% zinc

 17.6 feet assaying 45.4% zinc within a larger zone of 24.1 feet assaying 36.5% zinc

 9.8 feet assaying 41.1% zinc within a larger zone of 20.8 feet assaying 25.5% zinc

 1.1 feet assaying 19.2% zinc within a larger zone of 11.9 feet assaying 13.8% zinc

CEO, Don Taylor, stated “Our drilling continues to deliver positive results that will ultimately

extend mine life and enhance our production profile. In the case of Mahler, we are seeing some

very substantial zinc grades over mineable widths. As we progress with the exploration moving

farther away from the mine workings, we have high expectations of success.”

Mahler Zone

Underground drilling continues to delineate high-grade zinc mineralization on the down-plunge portion

of the Mahler mineralized zone. The Mahler zone consists of two mineralized horizons: Mahler Main

and Mahler White Dolomite.

The current ESM drilling in two drill fans consisting of 13 drill holes have extended the Mahler

mineralization over a down-plunge strike length of 350 feet. An additional 40 holes are planned to further

test an additional 500 feet of potential strike length by the end of Q4 2020. The results from the current

and pending drill programs will be utilized to refine the current mine plan, in preparation for development

in Q4 2020.

2020 Exploration Program Update

In Q1 2020, the ESM exploration program was focused on delineating three significant zones of near

surface mineralization. The exploration was successful and three defined zones are able to be mined

by lower cost open-pit mining methods and milled at ESM’s milling complex (located one mile to the

north) under ESM’s current mining permit, subject to an update of the Mined Land Use Plan. During Q2

2020, exploration drilling was paused due to COVID-19 pandemic and a shortage of resources. In Q3

2020, ESM re-started its surface exploration drilling program with a focus to discover a new mineralized

trend north-west of the Mud Pond mineralized zone located at ESM’s #4 Mine. The high priority Farm

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to Market target has the potential to host a high-grade, large tonnage deposit and has not been drill

tested. Drilling is well underway and is expected to continue through Q4 2020 into 2021.

Scott Burkett, Vice President, Exploration, commented, “The recent financing and revised Covid-19

protocols have allowed ESM to recommence exploration drilling on the Farm to Market target, which we

believe has the potential to yield a large tonnage high-grade deposit in close proximity to existing

infrastructure.”

The current underground drilling program included drill holes MA20-001 – MA20-013, drilled from two

underground sites. Seven holes were drilled from Site A and six holes were drilled from Site B. The 13

holes successfully extended the Mahler zone 350 feet along strike. The holes confirm the presence of

high-grade mineralization and define the extents of mineralization laterally and along strike. Table 1 is

a summary of the mineralized intervals from the current drilling.

Table 1 – Recent Exploration Drill Results from Mahler at ESM

Drillhole From (ft) To (ft) Interval (ft) From (m) To (m) Interval (m) Zn %

MA20-001 NSV

MA20-002 172.1 184.0 11.9 52.5 56.1 3.6 13.8

including 195.5 196.6 1.1 59.6 59.9 0.3 19.2

MA20-003 194.7 216.1 21.4 59.3 65.9 6.5 13.0

including 206.0 216.1 10.1 62.8 65.9 3.1 20.9

MA20-004 229.8 310.0 80.2 70.0 94.5 24.4 15.6

including 268.0 305.0 37.0 81.7 93.0 11.3 20.2

MA20-004 375.7 399.8 24.1 114.5 121.9 7.3 36.5

including 378.4 396.0 17.6 115.3 120.7 5.4 45.4

MA20-005 323.0 371.9 48.9 98.4 113.3 14.9 3.8

including 368.5 371.9 3.4 112.3 113.3 1.0 10.6

MA20-006 311.3 353.0 41.7 94.9 107.6 12.7 5.8

including 341.6 350.1 8.5 104.1 106.7 2.6 9.2

MA20-007 269.0 279.0 10.0 82.0 85.0 3.0 1.6

MA20-008 155.7 169.0 13.3 47.5 51.5 4.1 11.8

including 155.7 159.1 3.4 47.5 48.5 1.0 26.4

MA20-009 164.1 182.1 18.0 50.0 55.5 5.5 9.5

including 172.0 174.3 2.3 52.4 53.1 0.7 25.9

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MA20-010 227.7 248.5 20.8 69.4 75.7 6.3 25.5

including 227.7 237.5 9.8 69.4 72.4 3.0 41.1

MA20-011 NSV

MA20-012 210.0 225.0 15.0 64.0 68.6 4.6 3.0

MA20-013 NSV

Note: It is not possible to determine the true width of the zone(s) based on the drill density and no representation is

made here regarding true width of the zone(s).

Figure 1 – Plan View of ESM Mineralized Zones

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Figure 2 – Plan View of Mahler Definition Drill Sites A and B

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Figure 3 – Site A Cross-section of Mahler Definition Drilling (Looking NE)

Figure 4 – Site B Cross-section of Mahler Definition Drilling (Looking NE)

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Qualified Person

The results of the Titan drilling have been reviewed, verified and compiled by Scott Burkett, Vice

President of Exploration for Titan, a qualified person as defined by National Instrument 43-101

(NI 43-101). Mr. Burkett has over 12 years of mineral exploration experience and is a Registered

Member through the SME (registered member # 4229765).

Assays and Quality Assurance/Quality Control

To ensure reliable sample results, the Company has a rigorous QA/QC program in place that

monitors the chain-of-custody of samples and includes the insertion of blanks and certified

reference standards at statistically derived intervals within each batch of samples. Core is

photographed and split in half with one-half retained in a secured facility for verification purposes.

Sample preparation (crushing and pulverizing) has been performed at ALS Geochemistry, an

ISO/IEC accredited lab located in Sudbury, Ontario, Canada. ALS Minerals Laboratories prepares

a pulp of all samples and sends the pulps to their analytical laboratory in Vancouver, B.C.,

Canada, for analysis. ALS analyzes the pulp sample by an aqua regia digestion (ME-ICP41 for

35 elements) with an ICP – AES finish including Cu (copper), Pb (lead), and Zn (zinc). All samples

in which Cu (copper), Pb (lead), or Zn (zinc) are greater than 10,000 ppm are re-run using aqua

regia digestion (Cu-OG46; Pb-OG46; and Zn-OG46) with the elements reported in percentage

(%). Silver values are determined by an aqua regia digestion with an ICP-AES finish (ME-ICP41)

with all samples with silver values greater than 100 ppm repeated using an aqua regia digestion

overlimit method (Ag-OG46) calibrated for higher levels of silver contained. Gold values are

determined by a 30 g fire assay with an ICP-AES finish (Au-ICP21).

About Titan Mining Corporation

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

State Mine (“ESM”) located in New York state. In addition, Titan has an option to earn a 100%

interest in the Mineral Ridge gold property in Esmeralda County, Nevada that is drill-ready, fully

permitted and hosts a current known gold resource of 350koz with tremendous exploration

potential. Titan is built for growth, focused on value and committed to excellence. The Company’s

shares are listed under the symbol "TI" on the Toronto Stock Exchange. For more information on

the Company, please visit our website at www.titanminingcorp.com.

Contact

For further information, please contact:

Investor Relations:

Jacqueline Wagenaar, VP Investor Relations

Telephone: 416-366-5678 Ext. 203 | Email: [email protected]

Cautionary Note Regarding Forward-Looking Information

This press release contains certain forward-looking statements. Words such as “expects”,

“anticipates” and “intends” or similar expressions are intended to identify forward-looking

statements. Forward-looking information is necessarily based on a number of opinions,

assumptions and estimates that, while considered reasonable by the Company as of the date of

this press release, are subject to known and unknown risks, uncertainties, assumptions and other

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factors that may cause the actual results, performance of current and additional drilling, or timing

of events to be materially different from those expressed or implied by such forward-looking

information, including but not limited to the factors described in greater detail in the Company’s

Management’s Discussion and Analysis and Annual Information Form for the year ended

December 31, 2019, available at www.sedar.com. No securities regulatory authority has

expressed an opinion about the securities described herein and it is an offence to claim otherwise.

Titan undertakes no obligation to publicly update or revise any forward-looking statements,

whether as a result of new information, future events or otherwise, except as may be required by

law.