Titan commences drilling on Sand Hill Lake/Rook II project

Titan Uranium Inc. announces that drilling has commenced on the Sand Hill Lake/Rook II properties which were recently optioned to Vale Exploration Canada.

River Valley Energy Services Ltd of Grimshaw, AB completed the mobilization of the drilling crew and equipment to the site on April 28th and the first hole was collared the same day.

The Sand Hill/Rook II Project includes the Sand Hill Lake property (18 claims totaling 74,312 hectares/183,629 acres) and Rook II property (5 claims totaling 25,092 hectares/62,004 acres).

The claims are located in the southern portion of the Athabasca Basin in northern Saskatchewan. Cameco’s Centennial Deposit is located 5 kilometres to the east of the Sand Hill/Rook II Project where drilling there has intersected up to 12.68% U3O8 over 10.3 metres (Formation Capital Corp. PR, March 7, 2008).

Ongoing exploration by Cameco continues to expand the area of mineralization.

Under the agreement between Titan and Vale Exploration Canada, Vale Exploration Canada has committed to funding Cdn$ 2 million in exploration programs managed by Titan in the first year and may elect to fund a further Cdn$ 10 million over the subsequent four years of the agreement to acquire an undivided 60% ownership interest in Titan’s Sand Hill/Rook II Project.

A total of 4,000 metres of drilling is planned in 12 to 15 holes for the 2008 program. The best result from previous exploration was observed in hole FH-07 in 1975 whereby 0.139% U3O8 was intersected over a narrow interval (Saskatchewan Mineral Deposits Index #2057).

Follow-up drilling is required to test the extent of uranium mineralization. Other targets were identified by recent drilling, including coincident structure, alteration and anomalous pathfinder geochemical results in the sandstone rocks in two areas underlain by basement graphitic horizons.

These features are commonly associated with uranium mineralization. A number of interesting anomalies defined by ground and airborne geophysical surveys will also be drilled.