Titan Mining Announces Discovery of New Zone of Near-Mine Mineralization Including 48.7 ft at 23.91% Zinc

VANCOUVER, British Columbia, Jan. 31, 2023 (GLOBE NEWSWIRE) — Titan Mining Company (TSX: TI) (“Titan” or the “Company“) is happy to offer an replace on current drill outcomes from a newly found zone of near-mine mineralization at the Firm’s 100% owned Empire State Mine (“ESM”) in upstate New York. The newly recognized mineralized zone lies in shut proximity and between the Firm’s New Fold and Mahler ore our bodies, that are areas of present main manufacturing for the Firm.

Vital mineralized intercepts embrace:

• 32.5 ft assaying 19.0% zinc
• 48.7 ft assaying 23.9% zinc
• 25.4 ft assaying 15.0% zinc
• 30.4 ft assaying 9.0% zinc

The underground exploration program is ongoing, thus far six holes have been accomplished. Assays have been returned on 4 of the holes, with two holes nonetheless pending outcomes. The mineralization intercepted lies between the Mahler and New Fold ore our bodies alongside the identical construction. The connection between the newly recognized zone and the recognized ore our bodies is at the moment being evaluated.

ESM Basic Supervisor Joel Rheault commented, “we are very optimistic about the drill results released today. The zone identified is high grade and spatially located in close proximity to our current underground mining and infrastructure. As we continue to expand the operation and increase throughput, an additional mining zone in this area could have a very positive near term impact.”

Desk I. Mineralized intercepts from underground exploration program

Observe: The true width of the mineralization just isn’t at the moment recognized.

Desk II. Collar Location

Determine 1. Location of drilling space relative to ESM #4 and Sphaleros with the situation of Determine 2 highlighted

Determine 2. Plan view of drilling displaying the situation of holes UX22-019 – UX22-022

Exploration Replace

The underground exploration drilling is a component of a scientific plan to check near-mine targets with the potential to host high-grade, large-tonnage deposits.

Certified Individual

The scientific and technical info contained on this information launch and the sampling, analytical and take a look at information underlying the scientific and technical info has been reviewed, verified and authorised by Donald R. Taylor, MSc., PG, President and Chief Government Officer of the Firm, a professional individual for the needs of NI 43-101. Mr. Taylor has greater than 25 years of mineral exploration and mining expertise and is a Registered Skilled Geologist by way of the SME (registered member #4029597). The information was verified utilizing information validation and high quality assurance procedures underneath excessive business requirements.

Assays and High quality Assurance/High quality Management

To make sure dependable pattern outcomes, the Firm has a rigorous QA/QC program in place that screens the chain-of-custody of samples and contains the insertion of blanks and licensed reference requirements at statistically derived intervals inside every batch of samples. Core is photographed and cut up in half with one-half retained in a secured facility for verification functions.

Pattern preparation (crushing and pulverizing) has been carried out at ALS Geochemistry (“ALS”), an unbiased ISO/IEC accredited lab positioned in Sudbury, Ontario, Canada. ALS prepares a pulp of all samples and sends the pulps to their analytical laboratory in Vancouver, B.C., Canada, for evaluation. ALS analyzes the pulp pattern by an aqua regia digestion (ME-ICP41 for 35 parts) with an ICP – AES end together with Cu (copper), Pb (lead), and Zn (zinc). All samples wherein Cu (copper), Pb (lead), or Zn (zinc) are larger than 10,000 ppm are re-run utilizing aqua regia digestion (Cu-OG46; Pb-OG46; and Zn-OG46) with the weather reported in share (%). Silver values are decided by an aqua regia digestion with an ICP-AES end (ME-ICP41) with all samples with silver values larger than 100 ppm repeated utilizing an aqua regia digestion overlimit methodology (Ag-OG46) calibrated for greater ranges of silver contained. Gold values are decided by a 30 g fireplace assay with an ICP-AES end (Au-ICP21).

The Firm has not recognized any drilling, sampling, restoration, or different elements that would materially have an effect on the accuracy or reliability of the information set out on this information launch.

About Titan Mining Company

Titan is an Augusta Group firm which produces zinc focus at its 100%-owned Empire State Mine positioned in New York state. Titan is constructed for development, centered on worth and dedicated to excellence. For extra info on the Firm, please go to our web site at www.titanminingcorp.com.

Contact
For additional info, please contact:
Investor Relations: E-mail: data@titanminingcorp.com

Cautionary Observe Concerning Ahead-Trying Info

Sure statements and knowledge contained on this new launch represent “forward-looking statements”, and “forward-looking information” inside the which means of relevant securities legal guidelines (collectively, “forward-looking statements”). These statements seem in a quantity of locations on this information launch and embrace statements relating to our intent, or the beliefs or present expectations of our officers and administrators, together with persevering with to broaden the operation and improve throughput; that an extra mining zone on this space may have a really optimistic close to time period influence; and that the Firm plans to check near-mine targets with the potential to host high-grade, large-tonnage deposits . When used on this information launch phrases equivalent to “could”, “to be”, “will”, “plan”, “expected”, “potential”, and related expressions are supposed to establish these forward-looking statements. Though the Firm believes that the expectations mirrored in such forward-looking statements and/or info are cheap, undue reliance shouldn’t be positioned on forward-looking statements because the Firm may give no assurance that such expectations will show to be appropriate. These statements contain recognized and unknown dangers, uncertainties and different elements which will trigger precise outcomes or occasions to range materially from these anticipated in such forward-looking statements, together with the dangers, uncertainties and different elements recognized within the Firm’s periodic filings with Canadian securities regulators. Such forward-looking statements are based mostly on varied assumptions, together with assumptions made with regard to the flexibility to advance exploration efforts at ESM; the outcomes of such exploration efforts; the flexibility to safe ample financing (as wanted); the Firm sustaining its present technique and aims; and the Firm’s capacity to realize its development aims. Whereas the Firm considers these assumptions to be cheap, based mostly on info at the moment obtainable, they might show to be incorrect. Besides as required by relevant regulation, we assume no obligation to replace or to publicly announce the outcomes of any change to any forward-looking assertion contained herein to mirror precise outcomes, future occasions or developments, adjustments in assumptions or adjustments in different elements affecting the forward-looking statements. If we replace any a number of forward-looking statements, no inference needs to be drawn that we’ll make further updates with respect to these or different forward-looking statements. You shouldn’t place undue significance on forward-looking statements and shouldn’t rely on these statements as of some other date. All forward-looking statements contained on this information launch are expressly certified of their entirety by this cautionary assertion.

Photographs accompanying this announcement can be found at:

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https://www.globenewswire.com/NewsRoom/AttachmentNg/de4c5fd6-ca2d-4515-aaff-e38816896d8d