Titanium Corporation Inc.: Federal Budget Provides Additional $325 Million for Sustainable Technologies

Titanium Corporation Inc.  (the "Company") (TSX VENTURE:TIC) is pleased to
report that yesterday's Federal Budget provided $325 million of additional
funding to Sustainable Development Technology Canada ("SDTC"). The Government of
Canada and SDTC have been key supporters of the Company's development of
sustainable technologies for the oil sands industry.


Titanium Corporation's "Creating Value from Waste(TM)" technology recovers
valuable minerals, bitumen and solvents from oil sands waste tailings, reducing
air emissions, recovering water and reducing the environmental footprint of oil
sands mining. These highly economic projects will also create a new minerals
export industry for Alberta and Canada.


SDTC recently provided further funding of $1.4 million toward the Company's oil
sands tailings projects, bringing total funding to date of $6.3 million.


"We commend the Canadian Government and SDTC for their continued investment
assisting innovative clean technologies to reach commercialization," said Scott
Nelson, the Company's President and CEO. "SDTC has been instrumental in our
Company's success developing leading technology that we are in the process of
commercializing for the oil sands industry."


Excerpt from the Federal Budget:

"Sustainable Development Technology Canada

Economic Action Plan 2013 proposes to provide $325 million over eight years to
Sustainable Development Technology Canada to continue support for the
development and demonstration of new, clean technologies that create
efficiencies for businesses and contribute to sustainable economic development.


Sustainable Development Technology Canada (SDTC) is an arm's-length foundation
established by the Government of Canada to assist entrepreneurs in the
development and demonstration of clean technologies on a not-for-profit basis.
Clean technology and efficient practices can save businesses money, create
high-paying jobs, drive innovation and improve the productivity of Canada's
natural resource and manufacturing sectors, while also delivering social and
environmental benefits.


SDTC has a proven track record for selecting and cultivating promising small and
medium-sized enterprises in the clean technology sector. To date, the Foundation
has provided support to over 210 companies to develop technologies that offer a
wide range of benefits from reduced water usage in the oil sands to reducing
emissions from natural gas (examples of the technologies that have been advanced
with SDTC's support are highlighted below). To continue supporting the
development and demonstration of new clean technologies that promote sustainable
development, Economic Action Plan 2013 proposes to provide $325 million over
eight years to Sustainable Development Technology Canada.


SDTC Is Supporting Innovative Clean Technologies

Sustainable Development Technology Canada was established in 2001 and supports a
broad range of technologies that increase productivity, efficiency and
ultimately the competitiveness of Canadian industry. Some of the companies
supported by SDTC include:


Ostara Nutrient Recovery Technologies (Vancouver, British Columbia)-Ostara has
developed a new process that retrieves phosphate and ammonia from waste water
facilities resulting in improved treatment, reduced maintenance and the recovery
of a commercial by-product, slow release fertilizer.


Titanium Corporation (Calgary, Alberta)-Titanium's oil sands technology creates
value from tailings waste by recovering bitumen and high-value minerals and
solvents for resale, and reducing water use from oil sands mining operations.


Electrovaya (Mississauga, Ontario)-Electrovaya, in partnership with industry
leaders like Chrysler, develops batteries and related systems and products for
clean electric transportation, utility-scale energy storage and smart grid
power, as well as for the consumer and healthcare markets.


Atlantic Hydrogen (Fredericton, New Brunswick)-Atlantic Hydrogen is helping to
make natural gas burn cleaner with its cost-effective technology, which
significantly cuts back on the release of greenhouse gas and particulate matter
emissions.


N-Solv Corporation (Calgary, Alberta)-Through this project, N-Solv will
demonstrate its Bitumen Extraction Solvent Technology (BEST), a low-temperature
in-situ production technology for bitumen reserves using a pure, condensing
solvent. The N-Solv technology is targeted to produce 85 per cent fewer
greenhouse gas emissions than current in-situ processes and will reduce the
consumption of process water to zero."


About Titanium Corporation Inc.

Titanium Corporation Inc. has developed innovative technologies to recover
bitumen, solvent, valuable heavy minerals and water from oil sands waste
tailings. The benefits are twofold: the recovered bitumen, solvent and minerals
will have economic value; and green benefits which will significantly reduce
environmental impacts of the oil sands industry. The Company's shares trade on
the TSX-V under the symbol "TIC". For more information visit the Company's
website at www.titaniumcorporation.com.


Disclosure regarding forward-looking statements

Certain statements contained herein regarding the Company and its plans
constitute "forward-looking statements" within the meaning of Canadian
securities laws. By their nature, forward-looking statements require the Company
to make assumptions and are subject to inherent risks and uncertainties. There
is a significant risk that predictions, forecasts, conclusions, projections, and
other forward-looking statements will not prove to be accurate. We direct you to
our statement of risks and uncertainties more particularly described and updated
in the Company's Management Discussion and Analysis filed for the period ended
November 30, 2012 on SEDAR (www.sedar.com). Most notably these risks include,
but are not limited to risks associated with the commercialization of the
Project on the timetable anticipated or at all; access to capital on acceptable
terms to fund our commercialization plan, operational or technical difficulties
in connection with research activities and building and operating the Project;
uncertainty related to the cost to build and operate CVW(TM) facilities;
reliance on a small number of people, access to and cost of oil sands tailings
necessary to carry out the project, competition and intellectual property
protection and changes to environmental laws and regulation.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Titanium Corporation Inc.
Scott Nelson
President & CEO
(403) 561-0439
snelson@titaniumcorporation.com


Titanium Corporation Inc.
Andreas Curkovic
Investor Relations
(416) 577-9927
acurkovic@titaniumcorporation.com
www.TitaniumCorporation.com
Titanium (TSXV:TIC)
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