Titan Minerals : Linderos Project Update

June 9, 2022

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• 2.5m @ 4.85g/t gold and 130.48g/t silver in channel MGC22-017
• 4.3m @ 4.75g/t gold and 4.62g/t silver in channel MGC22-023
• 4.1m @ 4.51g/t gold and 6.04g/t silver; and 12.9m @ 2.27g/t gold and 2.87g/t silver in channel MGC010
• 0.5m @ 5.95g/t gold and 77.80g/t silver in channel MGC22-015

Preliminary reconnaissance exploration work was also completed at the Capa Rosa and Loma Alta Prospects where highly encouraging gold and silver results were returned from rock chips taken from outcropping epithermal veins.

Significant results returned from Capa Rosa and Loma Alta include:

• 16.05g/t gold, 197.00g/t silver from rock chip TM029553
• 13.00g/t gold, 15.65g/t silver from rock chip TM015215
• 12.05g/t gold, 88.50g/t silver from rock chip TM029554
• 1.05g/t gold, 16.25g/t silver and 0.315% copper from rock chip TM015206

The Company is very encouraged by the potential revealed from detailed surface mapping and geochemical sampling completed by its technical team at the Linderos Project. These significant new results paired with robust geological datasets have highlighted several compelling gold and copper-molybdenum targets that warrant further work.

From Titan's re-logging of historical core, recent petrology, geological mapping and geochemical studies, it is apparent that the higher-grade gold values at Meseta are associated with massive-sulphide polymetallic veins. Extensive haloes of lower grade gold mineralisation intersected in most drilling and channel sampling conducted to date is consistently related with free gold occurring in the intensely altered wallrock hosting extensive quartz veins of varying intensity.

This interpreted overlap of metal deposition at the interface of the overlapping Meseta gold and Copper Ridge porphyry targets has a potential economic impact on development of a larger mineralised system. The associated mineralisation types define potential for discovery of higher-gradecopper-molybdenum mineralisation at depth beneath both the Copper Ridge and Meseta Gold areas suggesting significant size potential in un-tested extensions to the Copper Ridge porphyry system.

Titan is well advanced in progressing the Linderos Project to the next stage, with preparations for initial drilling to test the potential of these high priority targets underway.

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June 9, 2022

Linderos Project Exploration Activity Update

The Linderos Project is located 20km southwest of the Company's flagship Dynasty Gold Project, in southern Ecuador's Loja Province. Located in a major flexure of the Andean Terrane, within a corridor of mineralisation extending from Peru through northern Ecuador, the Linderos Project sits within the metallogenic corridor which plays host to the majority of porphyry copper and epithermal gold deposits in southern Ecuador (Figure 1).

Titan's focus at Linderos has been to advance exploration activities by gathering further geological information through surface mapping and geochemical sampling at the Meseta Gold Prospect and the Copper Ridge Porphyry Prospect.

Previous work has highlighted the potential for high-grade gold mineralisation near surface within the Meseta Prospect, with results from recent mapping and surface channel sampling confirming the presence of strike extensive vein hosted high-grade gold at surface. Some of the better channel sample results include 4.1m @ 4.51g/t gold and 6.04g/t silver and 12.9m @ 2.27g/t gold and 2.87g/t silver in MGC010 and 10m @ 5.46g/t gold and 261.96g/t silver in MGC22-019.

The Copper Ridge prospect features surface copper-molybdenum anomalism highlighted by channel and soil sampling recently completed by Titan. Mapping has confirmed that copper-molybdenum mineralisation is centered on dioritic porphyry intrusions approximately one (1) kilometre in diameter, with these porphyritic intrusions also containing abundant mineralised quartz veining and copper oxide mineralisation at surface.

Some of the better results returned from recent channel sampling at Copper Ridge include 46m @ 0.24% copper and 9.71ppm molybdenum in channel CRC040; 32m @ 0.21% copper and 3.91ppm molybdenum in channel CRC051; and 26m @ 0.22% copper and 9.76ppm molybdenum in channel CRC037.

Historical diamond drilling at Copper Ridge has previously returned significant intersections including 99.75m @ 0.26% copper from 255m downhole (ERIKA01); and 84.85m @ 0.32% copper from surface to end of hole (ERIKA02). These historical drill holes have been relogged by the Titan exploration team, with logging suggesting that the higher-grade mineralisation is associated with a dioritic porphyry intrusion.

Of importance to note is that this inter-mineral porphyry phase has been observed to have potassic altered and veined xenoliths of an earlier/older porphyry. The porphyry responsible for the xenoliths has not been noted during field mapping or intersected in any of the drill holes. This earlier porphyry constitutes an exciting drill target as the early porphyries tend to have a higher tenor of copper mineralisation in mineralised porphyry systems.

Titan believes that the Copper Ridge prospect has the potential to contain a Tier 1 copper porphyry system, given its favourable location and evidence gathered from

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June 9, 2022

historical and recent exploration activities by the Company. Titan's technical team is very encouraged by these results and are now well advanced in their preparations to drill test the high priority target areas identified at the Copper Ridge prospect.

Figure 1: Linderos Project location map in relation to the metallogenic belts from Ecuador (Egüez et al, 2020).

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June 9, 2022

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Figure 2: Linderos Project mining concessions and location of main prospects.

Copper Ridge Prospect

The Company's focus for Copper Ridge has been to undertake comprehensive mapping and geochemical sampling to better understand the potential scale of porphyry mineralisation at the prospect (Figure 2). Geological mapping has included the definition of porphyry intrusive phases and their associated hydrothermal alteration assemblages, mapping of quartz vein abundance and characterisation of sulphide mineralisation.

Channel samples were taken along exposed porphyry outcrops in creeks and road cuttings, with the significant results giving support for further exploration at the prospect. Channel sampling focused on the western and central part of Copper Ridge where porphyry outcrop is well exposed (Figures 3 and 4).

Some of the better results returned from the channel sampling include 46m @ 0.24% copper, 9.71ppm molybdenum in channel CRC040, 32m @ 0.21% copper, 3.91ppm molybdenum in channel CRC051 and 26m @ 0.22% copper, 9.76ppm molybdenum in channel CRC037.

Refer to Figure 3 which highlights the locations of the significant channel samples

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