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TORONTO–(Marketwire – Sep 7, 2012) – Titan Resources International Corp. www.titan-resource.com (PINKSHEETS: TNRI) is pleased to announce that the company has executed an option agreement to acquire 100% ownership of a gold property located in the Abitibi gold belt of the Val D’Or mining region of northern Quebec, Canada.
The transaction will be closed on an all cash balance in a stress free and shareholder friendly structured payment format, namely no dilution of TNRI common shares. The agreement calls for a work commitment that is currently being discussed. This work commitment will be disclosed in a future press release and disclosure document along with a scheduled work table. Due to the area’s mining history, activities and development coupled with rising commodity prices, there is currently a premium to exploration activities.
We are excited to begin this new venture and feel that this opportunity will provide positive results for our shareholders. The Company exploration program will be anywhere from 3 to 5 years and the goal is to update existing data embracing modern mineral exploration methods. The Company would like to advise all their shareholders that this is a due process, one meaning the drilling or production will not commence until after our exploration is completed.
Additional news will be released on a timely and frequent basis.
About Titan Resources International Corp.:
Titan Resources International Corp. is a publicly traded resource exploration company dedicated to the acquisition, exploration and development of small to medium size precious metals properties of exceptional merit. Please visit our company website at www.titan-resource.com.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.
