CVW Cleantech Inc Com V.TIC

RE: Volume +++

[HillaryC]

Titanium completes sampling of titanium-zircon deposit 2002-09-10 14:23 PT - News Release Mr. George Elliott reports TITANIUM CORPORATION CONFIRMS HIGHER GRADE IN RESULTS Titanium Corporation has completed a 16-ton bulk sampling program of its titanium-zircon sand deposit located near Truro, N.S. The bulk sample was collected from surface to a depth of three metres on each of the 12 sandbars comprising the deposit. Both the bulk sample depths and sandbars were selected to be representative of the intended potential first-pass dredging operation. An extensive mineral-characterization study is well under way on this sample. George Elliott, chairman and chief executive officer for Titanium, commented: "The average heavy mineral grade to a depth of three metres is higher than the overall deposit average of 1.94 per cent. The higher grade near surface will allow for a much quicker capital expenditure payback period if the operation comes into production. The mineral characterization study will identify trends in the mineral suite to optimize potential future commercial operations." The mineral engineering centre at Dalhousie University in Halifax carried out the sink float analysis. Assays are as follows: Sandbar % THM Location 1 1.21 western Cobequid Bay delta 2 1.96 western Cobequid Bay delta 3 2.39 Shubenacadie River estuary 4 4.04 Shubenacadie River sandbar 5 5.04 Shubenacadie River sandbar 6 5.81 Shubenacadie River sandbar 7 2.96 Shubenacadie River sandbar 8 5.51 Shubenacadie River sandbar 9 4.96 Shubenacadie River sandbar 10 3.17 Shubenacadie River sandbar 11 5.23 Shubenacadie River sandbar 12 3.46 Shubenacadie River sandbar Maritime Diamond Drilling Ltd. of Hilden, N.S., handled all sampling under the supervision of an independent contract geologist, Bruce Mitchell, PGeo. Monitoring and quality control protocol was directed by Allan Lines, an independent contract geologist based in Halifax and specializing in environmental geology. The heavy mineral concentrates are currently being processed at Titanium's state-of-the-art bench scale plant located at the mineral engineering centre. The information gathered here is intended to establish a flow sheet that will produce saleable concentrates of rutile, ilmenite, zircon and garnet to be tested by potential product buyers worldwide. Concurrent XRF and microscopy analysis on concentrates are being conducted for mineralogical characteristics and point-count studies. Additional testing is intended to provide a clearer understanding of the variations in the physical characteristics of the contained heavy minerals in relation to their widespread locations across the deposit. Titanium's current drill program is well under way and results will be reported in a timely fashion (see report in Stockwatch on Aug. 14, 2002). WARNING: The company relies upon litigation protection for "forward-looking" statements.