Drilling Commenced At Dynasty Gold Project

Titan Minerals Limited (Titan or the Company) (ASX:TTM) is pleased to provide an update on drilling activities at its Cerro Verde and Kaliman Porphyry (Kaliman) prospects, at the Dynasty Gold Project (Dynasty) in southern Ecuador.

Key Highlights include:

• Drilling has commenced to test extensions to Kaliman porphyry gold-copper and Brecha- Comanche epithermal vein hosted gold mineralisation at the Dynasty Project
• Drilling designed to target extensions to significant intersections returned from Titan’s 2021 drilling, with three main targets being tested:
  • Depth extensions to high grade epithermal gold at Brecha-Comanche, Cerro Verde prospect, where previous drilling returned significant intersections including:
    • 3.05m @ 16.48 g/t Au, 61.66 g/t Ag from 142.15m in CVD081; &
    • 7.07m @ 5.90 g/t Au, 8.90 g/t Ag from 179.93m in CVD089.
  • Lateral and depth extensions to the large-scale Kaliman gold-copper porphyry prospect, where previous drilling intersected:
    • 102.7m @ 1.48 g/t Au, 4.50 g/t Ag, 0.09 % Cu from 46.5 metres in CVD072.
  • Potential overlapping epithermal gold and porphyry gold-copper mineral systems identified in previous drilling which intersected:
    • 7.27m @ 9.89 g/t Au, 28.0 g/t Ag, 0.24 % Cu from 118.78m in CVD033.

“We are very excited to have commenced drilling at Dynasty with a suite of compelling targets set to feature in the drill program”.

“Titan’s technical team have made considerable advances in their understanding of mineralisation controls at the Cerro Verde prospect at Dynasty, with several targets set to be tested including epithermal vein hosted gold at the Brecha-Comanche target and extensive porphyry gold-copper mineralisation at the Kaliman prospect.”

“Drilling has been designed to extend mineralisation identified in Titan’s 2021 drilling, where several strongly mineralised intervals remain open- both epithermal and porphyry.”

“Generative work programs including mapping and surface geochemical sampling continue to unveil new mineralised areas at the Dynasty Project, adding further support to the potential to add considerable ounces to the existing resource through systematic exploration.”

“We look forward to providing updates as exploration work programs and drilling activities progress, and as results are received.”

Dynasty Drilling Activities Set to Commence

The Company is pleased to provide an update on drilling activities which have now commenced at the Company’s 100% held Dynasty Gold Project (Dynasty) in southern Ecuador.

Drilling has been designed to test extensions to mineralisation identified in Titan’s 2021 drilling campaign, where significant epithermal gold and porphyry gold-copper mineralisation remains open both laterally and at depth.

Titan’s technical team have spent several months studying the vein and porphyry systems through systematic surface mapping and diamond drill core relogging, culminating in the creation of an integrated and robust 3D geological model to facilitate the drill design.

Refer to Figure 1 for an overview plan which highlights the areas of mineralisation contained within the NI43-101 Resource, and location of each of the prospects (targets) at the Dynasty Gold Project that are set to feature in the proposed drill testing.

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