Titan Minerals Limited provided results from the Company's maiden drilling at the Meseta Gold prospect (Meseta), at the Linderos Project in southern Ecuador. Linderos Project Drilling Results The Company is pleased to provide results from its maiden drilling campaign completed in late 2022 at the Meseta Gold prospect (Meseta), at the company's 100% held Linderos Project in southern Ecuador. Drilling was successful in intersecting multiple pyrite-sphalerite-arsenopyrite±galena massive sulphide veins, with several significant intersections of high grade gold and silver returned, along with significant intersections of silver-zinc-±lead±gold±copper.

Significant intersections are included in table 1, and illustrated in figures 1, 2, and 3. The Meseta Gold prospect displays metal zonation and alteration assemblages typical of intermediate sulphidation systems related to proximal porphyry systems, with outcropping porphyry mineralisation identified and drill tested at the Copper Ridge Porphyry prospect (Copper Ridge) less than 500 metres to the south of Meseta. Alteration & Mineralisation: Precious (gold-silver) and base metal (copper-zinc-lead) mineralisation in veins occurs as massive pyrite (py), arsenopyrite (apy), with minor pyrrhotite (po), chalcopyrite (cpy). galena (ga) and sphalerite (sp).

Polymetallic veins are interpreted to infill shear zones, with thicknesses ranging from 0.5 to 1.65m, and disseminated sulphides also pervasive in the quartz diorite wall rock. Wall rock mineralisation includes disseminated sulphides, with visual estimates ranging from 1 to 20% pyrite, 0.5 to 80% arsenopyrite, 1 to 5% sphalerite, including several zones of 0.5 to 10% disseminated pyrrhotite, and isolated intervals of 0.5 to 2% chalcopyrite, and 0.5 to 1% galena. The best gold intersections were returned from holes MGDD22-010 and MGDD22-012 in an area that has not previously been drilled.

Observations from these significant gold intersections are described in further detail below. MGDD22-010: Host rock is a light grey, equigranular quartz diorite, overprinted by strong phyllic alteration (sericite-pyrite) with abundant manganese carbonate minerals (illite-smectite) also present. Best mineralisation was intersected in two principal structures with strong gold, silver and copper mineralisation returned from: 68.9m: 0.55m wide, moderately dipping massive sulphide vein, composed of pyrite (40%), arsenopyrite (40%) pyrrhotite (3%) and traces of chalcopyrite (Plate 1).

72.92m: 0.58m wide, steeply dipping massive sulphide vein, composed of arsenopyrite (30%), pyrite (10%), pyrrhotite (5%), and chalcopyrite (3%). (Plate), Wallrock alteration haloes around the margins of mineralised veins exhibit disseminated arsenopyrite, pyrite and pyrrhotite and in some areas sphalerite is also observed. MGDD22-012: Host rock is a light grey, porphyritic quartz diorite, overprinted by strong phyllic alteration (sericite-pyrite), with some areas exhibiting the presence of carbonate minerals (illite), silica and chlorite.

Best mineralisation was intersected in two principal structures with strong gold, silver, zinc and copper mineralisation returned from: 41m: 0.4m wide massive sulphide vein composed of pyrite (20%), arsenopyrite (40%) and smectite cement. The host rock shows mainly chlorite alteration (Plate 3. Left:MGDD22-012- First structure (41m) showing the mineralised intercept (13g/t gold, 9.98g/t silver and 0.12% copper), it corresponds to massive sulphide vein. Right: MGDD22-012- Second structure (44.24m) showing the mineralised intercept (33.35g/t gold and 11.28g/t silver and 0.23% copper).

44.24m: 1.64m wide massive sulphide vein interpreted to be a wider ore shoot formed by the intersection of two structures composed of pyrite (20%), arsenopyrite (40%), sphalerite (1%) and chalcopyrite (1%). is (Plate 2). Wallrock alteration haloes around the margins of mineralized veins show disseminated pyrite (5% to 25%), sphalerite (1%) and occasionally pyrrhotite (1%), with disseminated pyrrhotite increasing when proximal to the vein.

Meseta exhibits pervasive phyllic (quartz-paragonite±pyrite) alteration, grading to intermediate argillic (paragonite-illite). To the east, within the andesites, the intermediate argillic alteration also includes chlorite. Results returned from Titan's initial drilling at Meseta further enhance results returned from recent drilling at the Copper Ridge porphyry prospect (Copper Ridge) with the better results being: 308m grading 0.4% Cu Eq1 from 54m in CRDD22-003, including a higher grade intercept of 76m grading 0.5% Cu Eq from 132m downhole; and 558m grading 0.2% Cu Eq from surface to end of hole in CRDD22-006, including a higher grade intercept of 22m grading 0.5% Cu Eq from 524m downhole.