Vancouver, British Columbia / TheNewswire / March 4th, 2024 – Titan Discovery Corp. (“TDC”, “Titan” or the “Company”) is pleased to announce the assay results from the Peninsula Property Exploration Program. This data will directly influence the proposed DDH locations for the upcoming Maiden Drilling Campaign at the Peninsula Property, Quebec. The Company will complete 5-drill holes with the aim of defining and expanding the known 900 Mt recrystallized structure that was based on historical estimates as defined in a 43-101 using 3D magnetic inversions and density conversions.

Assay Results Summary

Laboratory analysis work has shown the following:

• Magnetite(Fe,iron)@over65%withapercentageofresourceminedof16%. 

• Apatite(P2O5,phosphate)representing10.56%ofresourceminedwithconcentratestoover40% P2O5. 

• Ilmenite(TiO2,titanium)representing14.35%ofresourceminedwithconcentrateover44%TiO2. 

Overall total recovery of 40% plus of total resource mined. The focus area of future drilling is a zone that is 4 kms by 7kms - representing a potentially massive, mineralized structure.

  

Uffen Zone (North), Peninsula Property
	(%)	Mineral	Concentrate	(%)
TiO2	6.45	Ilmenite	48% TiO2	13.45
P2O5	4.22	Apatite	40% P2O5	10.56
Fe3O4	25.37	Iron	63% Fe3O4	16.00

 

Figure: Uffen Zone Assay Highlights, Average Grade / Concentrate

  

James Turner (B.Sc., P.Geo.), Lead Geologist, commented, “These definitive results from our recent exploration program highlight the world-class potential of the Peninsula Property. The map of sample locations with high-grade TiO2 results depict the following:

• Almost all the samples taken over PUYJALON area have a significant grade of TiO2. The PUYJALON area has potential for an ilmenite-phosphate zone like the UFFEN (priority phosphate mineralization) zone, with potentially higher TiO2 (ilmenite) grade (4 samples grading 9 to 13 % TiO2). 

• Allsamplestakenover OCTAVE areaarebarren anorthositebecausewewereunableto land with helicopter over some magnetic zone. 

• All samples taken over UFFEN SOUTH area are barren anorthosite because we sampled over area without magnetic zone for credits to renewing claims. 

• Almost all samples taken over UKUNEU area have intermediate grade of TiO2.Therefore, the magnetic anomalies covered by these claims are mineralized and must be prospected to assess their potential. 

On the map of sample location with P2O5 (apatite), we can see the grade of phosphate and iron follow the grade of TiO2 and therefore drive to the same above conclusions of the TiO2 map. The Northeast Detail on Mag clearly depicts the NORITE samples with good TiO2 grade are located over the blue magnetic negative anomalies”.

The parameters of a NORITE are: Higher TiO2 grade than 2%, Higher P2O5 grade than 1.5%, Higher F2O3 (iron-oxide) grade than 12%.

 

Map of samples location with TiO2 results

Map of samples location with P2O5 results

TiO2 grades are located over the blue magnetic negative anomalies

2023 Samples Location Northeast Detail on MAG

  

Assay Results (Peninsula Property)

 

Sample No.	Easting	Northing	Weight (kg)	Fe2O3 (%)	TiO2 (%)	P2O5 (%)
A0500512	462561.00	5589206.00	2.26	26.10	6.22	4.36
A0500513	462460.00	5589046.00	2.60	21.50	5.28	2.72
A0500514	462437.00	5589015.00	2.16	31.20	8.16	4.22
A0500515	462465.00	5588655.00	1.93	27.30	7.25	4.28
A0500516	462686.00	5588589.00	1.12	26.60	6.35	4.36
A0500517	462726.00	5588923.00	1.68	23.90	5.67	4.26
A0500521	462538.00	5588392.00	2.50	23.40	5.08	4.18
A0500522	462475.00	5588284.00	1.90	29.90	7.35	4.54
A0500523	462607.00	5587994.00	1.95	21.40	4.29	5.24
A0500524	462720.00	5588209.00	3.70	24.60	5.91	4.39
A0500525	462666.00	5588411.00	3.57	29.50	6.76	4.34
A0500536	462531.00	5589645.00	1.12	22.00	5.01	3.71
A0500537	462525.00	5587746.00	2.66	24.90	5.61	4.22
A0500715	462463.00	5589319.00	1.88	25.00	6.17	4.29
A0500716	462527.00	5589173.00	2.33	26.70	6.65	4.54

A0500717	462486.00	5589361.00	1.90	26.40	6.54	4.75
A0500718	462441.00	5589389.00	2.31	23.50	5.63	4.33
A0500719	462408.00	5589492.00	2.33	22.50	5.06	4.21
A0500720	462408.00	5589492.00	<0.02	22.60	4.99	4.23
A0500724	463093.00	5587249.00	2.22	23.20	5.09	4.57
A0500749	462352.00	5589766.00	3.24	15.20	7.75	4.99
A0500751	462474.00	5589882.00	0.88	25.80	6.15	4.35
A0500752	462585.00	5589998.00	1.65	39.60	18.70	1.68
A0500821	462855.00	5589897.00	2.08	29.30	7.23	4.33
A0500822	462759.00	5589964.00	1.43	22.80	4.96	4.30
A0500823	462794.00	5590095.00	1.90	21.00	4.67	4.19
A0500824	462835.00	5589922.00	2.33	27.20	6.37	4.28
A0500753	462664.00	5590139.00	1.79	24.40	5.54	4.33
A0500754	462565.00	5589816.00	1.63	25.30	6.36	4.28
A0500756	462623.00	5590372.00	2.24	28.30	6.91	4.26
Total Average (%)				25.37	6.46	4.22

 

Note: The targeted area has an average grade that is higher than the expected 40% total mineral recovery. Upcoming generative activities

• Acceleratego-publicofferinginQ2 

• SelectDDHlocationsforMaidenDrillingCampaignonprioritymineralizedzones(Uffen). 

• Continuetodefineuptoa400MtplusresourceatUffenZone,withinthePeninsulaProperty through geological and metallurgical analysis as well as identify additional drilling targets. 

• PreliminaryEconomicAssessmentinH22024followedbyenvironmentalpermitting. 

• Conducttestingofproprietarytechnologyto produce3Dprintingtitaniumpowder,high-purity phosphoric acid, purified REEs, high vanadium virgin-iron elements and concentrated vanadium. 

 

Yours sincerely,

Board of Directors, Titan Discovery Corp. info@titandiscoverycorp.com

 

Cautionary Statement Regarding Forward Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward- looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and

indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. All resource estimates quoted herein are based on prior data and reports obtained and prepared by previous operators and information provided by the State. Titan Discovery has not completed the work necessary to verify the classification of the mineral resource estimates. Titan Discovery is not treating the mineral resource estimates as NI 43-101 defined resources verified by a qualified person. The historical estimates should not be relied upon.

Qualified Person

James Turner, B.Sc., P.Geo. (BC) a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

About Titan Discovery Corporation

Titan Discovery Corp. (“TDC”) is a privately held mineral resource company that has secured a high-value resource project (The Peninsula Project) in Quebec, Canada, which comprises of a series of very large titanium, scandium, vanadium, and phosphate deposits. The Project contains both a substantial historical resource and an exploration potential that can create one of the largest hard rock titanium-phosphate resources in the world. The Company looks to quickly increase project value; through metallurgical testing of samples to be obtained, initially from three outcropping priority targets. In addition, TDC will undertake already targeted geological work programs comprising geophysical trenching and drilling programs, which upon conclusion, is expected to provide valuable guidance and justification for further capital deployment and strategic application of value enhancing geological work.

Securing North America’s supply chain through a diverse array of clean, high-grade critical metals.

Strategic. Sustainable. Growth.

Further information can be found on the Company’s website https://titandiscoverycorp.com/