Titan Mining Corporation announced that Exploration drilling continues to expand the #2D mineralized zone down-plunge to the northeast and laterally. To date, the #2D zone has been extended by over 1,380 feet down-plunge from the historic mineralization, including an additional 660 feet from the previously-announced major expansion of the zone . The assay results highlighted are from both step-out and infill drill holes which intersected multiple mineralized horizons, and demonstrate the continuity of mineralization along strike and laterally in the #2D zone. The location of this zone, approximately 650 feet east of the #4 shaft and at an elevation above the bottom of the shaft, is expected to provide strong operational advantages.

The Company and a company controlled by Titan's Executive Chairman (the Lender) entered into a second ranking secured credit facility of up to US$18.7 million, maturing in December 2020. US$3.7 million of such facility bears interest at 8% per annum with the remaining US$15.0 million accruing interest at a floating rate equal to 7% plus LIBOR per annum. The Bank of Nova Scotia has consented to this facility provided it is subordinate to its existing first-ranking credit facility provided to the Company in the first half of 2018.