First Titan Corp. (OTCBB:FTTN), an emerging energy developer, acquired an interest today in an oil and gas well to be drilled by Intrepid Drilling, LLC.

The purchase caps an impressive start for the new company. Having just announced its intent to diversify into energy in October, the company can now claim its first assets in the booming domestic oil and gas industry.

The well is located in Calcasieu Parish, La., in an oil field where two wells have already produced 21.3 billion cubic feet of gas and 1.7 million barrels of oil. Intrepid Drilling plans to begin drilling the 15,300-foot well in 2012. Intrepid has determined that substantial up-dip reserves remain in two fault blocks there.

"It's extremely gratifying to have a real stake in domestic oil and gas at last," said FTTN CEO Robert Federowicz. "We believe that the upside potential for this particular well is very high, and we look forward to working alongside the experts at Intrepid Drilling."

Moving forward, the company will continue to aggressively target more new producing properties to expand its oil and gas footprint, Federowicz added.

First Titan is working to develop new energy solutions to compete in a booming global industry alongside Chesapeake Energy Corp. (NYSE: CHK), Anadarko Petroleum Corp. (NYSE: APC), SandRidge Energy Inc. (NYSE: SD) and Apache Corp. (NYSE: APA).

For more information on FTTN's unconventional resources initiative, please visit www.firsttitanenergy.com/investors.

About First Titan Corp.

First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.

For more information about First Titan Energy, please visit www.firsttitanenergy.com. Follow us on Twitter at www.twitter.com/firsttitancorp.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

First Titan Corporation
Robert Federowicz, 941-753-4889
President and CEO
info@firsttitancorp.com