NewsTitanium Corporation Inc. (the "Company" or "Titanium") (TSX-V: TIC) is pleased to announce receipt of the final payment of $991,000 related to the $5.0 million grant from Emissions Reduction Alberta ("ERA") for partial funding of the Front End Engineering Design ("FEED") phase of the CVW(TM) Horizon Project. The payment represents a 20% holdback by ERA which was subject to final project reporting and completion of a third party audit of project costs. The $9.9 million engineering design phase was supported by $5.0 million of grant funding from Emissions Reduction Alberta ("ERA") with the Company funding $1.4 million and Canadian Natural Resources Limited funding $3.5 million. "The FEED phase of the Project has been successfully executed on-time and on-budget by the joint project team," commented Scott Nelson, Titanium's President and Chief Executive Officer. "We are now collaborating with government funding agencies including ERA to complete agreements for the previously announced $50 million of additional grant funding toward the next phase of the CVW(TM) Horizon Project." About Titanium Company Inc. Titanium Company's CVW(TM) technology provides sustainable solutions to reduce the environmental footprint of the oil sands industry. Our technology reduces the environmental impact of oil sands froth treatment tailings while economically recovering valuable products that would otherwise be lost. CVW(TM) recovers bitumen, solvents, heavy minerals and water from tailings, preventing these commodities from entering tailings ponds and the atmosphere: volatile organic compound and greenhouse gas emissions are materially reduced; hot tailings water is improved in quality for recycling; and residual tailings can be thickened more readily. A new minerals industry will be created commencing with the production and export of zircon, an essential ingredient in ceramics. The Company's shares trade on the TSX-V under the symbol "TIC". For more information please visit the Company's website at www.titaniumcorporation.com. About Emissions Reduction Alberta( https://www.eralberta.ca) ERA works with government, industry and innovators to accelerate development of innovative technologies that reduce GHG emissions. We are helping Alberta transition to a lower carbon future with a stronger, more diversified economy. Disclosure regarding forward-looking information This news release contains forward-looking statements and information within the meaning of applicable Canadian securities laws (collectively, "forward-looking information") that reflect the current expectations of management about the future results, performance, achievements, prospects or opportunities for Titanium, including statements relating to overall project economics; the advantages of the Company's technology and the creation of a mineral sands industry; the timing and expectations for completion of the post-FEED project activities; the scope of activities that will be undertaken in the post-FEED project; the Company's ongoing engagement with indigenous communities and other stakeholders; the use of proceeds from the private placement; and the expected next steps for the Company as described in this news release. These statements generally can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "believe", "project", "should" or "continue" or the negative thereof or similar variations.