TITAN U INC : Titan Advances Permitting On Sheep Mountain Uranium Project

Vancouver, British Columbia – Titan Uranium Inc (TSX-V:TUE, FSE:T4X) is pleased to announce that the US Bureau of Land Management (BLM), Lander WY Field Office has informed Titan that the Sheep Mountain Project Plan of Operations (PoO) is considered to be complete.  BLM’s notice of completeness comes only 4 weeks after supplemental data requested by BLM were submitted by Titan.  The Plan has triggered a requirement under the National Environmental Policy Act (NEPA) for BLM to prepare an Environmental Impact Statement (EIS), which will now proceed and which BLM estimates will be completed by the end of 2012.

BLM held public scoping meetings last week in the three Wyoming communities closest to the project, Riverton, Lander and Jeffrey City, as part of their NEPA process to develop the EIS.  There was strong support for the project at these meetings from local residents and elected government officials.  No major were issues identified in this scoping process.  BLM will proceed to work with cooperating agencies developing a draft EIS for public comment.

Titan’s Sheep Mountain Project includes redevelopment of the existing underground Sheep Mountain uranium mine, as well as development of an open pit mine and operation of a uranium heap leach and processing facility, which will be capable of producing up to 2 million pounds of yellowcake per year. 

Chris M. Healey, President and CEO of Titan commented; “This acceptance of our PoO as complete is a critical milestone in the permitting process for the mine.  This acceptance keeps the project on schedule for production to commence in late 2013/early 2014.”

ON BEHALF OF TITAN URANIUM INC.

Chris M. Healey, President & CEO

For further information, please contact:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Titan Uranium, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Titan Uranium’s expectations are exploration risks detailed herein and from time to time in the filings made by Titan Uranium with securities regulators.