Vancouver, BC – August 15, 2024 – Titan Mining Corporation (TSX: TI) (“Titan” or the "Company") announces the results for the quarter ended June 30, 2024. (All amounts are in U.S. dollars unless otherwise stated)

Don Taylor, President and Chief Executive Officer of Titan, commented, “During the quarter, ESM operations continued to outperform with respect to safety, production and costs. Increased zinc prices for the period coupled with cost-cutting measures and lower smelter treatment charges contributed to improved operating margins and increased revenue helping to build our cash position. Also during the period, underground drilling was successful in expanding the Mud Pond and New Fold resource areas which will be reported in the second half of the year with an updated Life of Mine plan. Additionally, Phase I drilling was completed on the Kilbourne graphite project. Evaluation of the drill results is underway by an independent engineering firm with a maiden mineral resource estimate to be released in the second half of the year. In tandem with the resource evaluation, large scale metallurgical testing is underway to further determine purity, concentrate grades and grain morphology expected in the final product.”

Q2 2024 HIGHLIGHTS:

Zero Lost Time Injuries in the second quarter.
Produced 14.5 million pounds of payable zinc in the second quarter of 2024.
Revenues of $17,969 in Q2 2024, an increase from $11,731 in Q1 2024, and $8,952 in Q2 2023.
AISC1 of $0.79/lb in Q2 2024, a decrease from $1.00/lb in Q1 2024 and $1.12/lb in Q2 2023.
Completion of Phase 1 drilling at the Kilbourne Exploration Target with a total of 39 holes totalling 11,916 ft.
20 holes totalling 5,044 ft completed in Q2 2024
Highlights include 92.8 ft at 3.5% graphitic carbon
TABLE 1 Financial and Operating Highlights

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