Linderos Project Update, Southern Ecuador

Recent exploration activity at Titan Minerals Limited (Titan, or the Company (ASX: TTM) Linderos Project in Southern Ecuador has continued to show excellent copper and coincident molybdenum results from channel sampling at the Copper Ridge porphyry copper target. The recently completed soil geochemistry results have highlighted a classic zoned doughnut shaped anomaly approximately 750m in diameter with a central core of copper, molybdenum, and tungsten ringed by an outer halo of selenium, tellurium and bismuth.

Detailed stratigraphic, alteration and vein abundance mapping completed by Titan’s technical team, coupled with geophysical and geochemical datasets have defined compelling targets for a first phase of drilling at Copper Ridge.

Significant results returned from Copper Ridge Prospect include:

• 46m @ 0.24% copper, 9.71ppm molybdenum in channel CRC040
• 32m @ 0.21% copper, 3.91ppm molybdenum in channel CRC051
• 26m @ 0.22% copper, 9.76ppm molybdenum in channel CRC037
• 16m @ 0.23% copper, 8.94ppm molybdenum in channel CRC038
• 11.8m @ 0.22% copper, 13.14ppm molybdenum in channel CRC041
• 14m @ 0.19% copper, 8.31ppm molybdenum in channel CRC030

At the nearby, Meseta Gold Prospect exceptional gold results have also been returned from channel and rock chip sampling in what is shaping as a significant high-sulphidation epithermal gold system.

Significant results returned from Meseta Gold Prospect include:

• 4.5m @ 12.69g/t gold and 3.48g/t silver in channel MGC22-025
• 2.9m @ 9.81g/t gold and 2.69g/t silver in channel MGC22-024
• 3.5m @ 7.08g/t gold and 120.77g/t silver in channel MGC22-018
• 10.0m @ 5.46g/t gold and 261.96g/t silver in channel MGC22-019
• 2.5m @ 6.91g/t gold and 248.76g/t silver in channel MGC22-016
• 3.0m @ 7.60g/t gold and 2.43g/t silver in channel MGC004
• 2.5m @ 4.85g/t gold and 130.48g/t silver in channel MGC22-017
• 4.3m @ 4.75g/t gold and 4.62g/t silver in channel MGC22-023
• 4.1m @ 4.51g/t gold and 6.04g/t silver; and 12.9m @ 2.27g/t gold and 2.87g/t silver in channel MGC010
• 0.5m @ 5.95g/t gold and 77.80g/t silver in channel MGC22-015

Preliminary reconnaissance exploration work was also completed at the Capa Rosa and Loma Alta Prospects where highly encouraging gold and silver results were returned from rock chips taken from outcropping epithermal veins.

Significant results returned from Capa Rosa and Loma Alta include:

• 16.05g/t gold, 197.00g/t silver from rock chip TM029553
• 13.00g/t gold, 15.65g/t silver from rock chip TM015215
• 12.05g/t gold, 88.50g/t silver from rock chip TM029554
• 1.05g/t gold, 16.25g/t silver and 0.315% copper from rock chip TM015206

The Company is very encouraged by the potential revealed from detailed surface mapping and geochemical sampling completed by its technical team at the Linderos Project. These significant new results paired with robust geological datasets have highlighted several compelling gold and copper-molybdenum targets that warrant further work.

From Titan’s re-logging of historical core, recent petrology, geological mapping and geochemical studies, it is apparent that the higher-grade gold values at Meseta are associated with massive-sulphide polymetallic veins. Extensive haloes of lower grade gold mineralisation intersected in most drilling and channel sampling conducted to date is consistently related with free gold occurring in the intensely altered wallrock hosting extensive quartz veins of varying intensity.

This interpreted overlap of metal deposition at the interface of the overlapping Meseta gold and Copper Ridge porphyry targets has a potential economic impact on development of a larger mineralised system. The associated mineralisation types define potential for discovery of higher-grade copper-molybdenum mineralisation at depth beneath both the Copper Ridge and Meseta Gold areas suggesting significant size potential in un-tested extensions to the Copper Ridge porphyry system.

Titan is well advanced in progressing the Linderos Project to the next stage, with preparations for initial drilling to test the potential of these high priority targets underway.

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