Mr. David McNally reports

TITAN MEDICAL ANNOUNCES UPSIZING OF PREVIOUSLY ANNOUNCED MARKETED OFFERING OF UNITS

Titan Medical Inc. has upsized the previously announced marketed offering of units of the company. Based on strong investor demand, the board has approved an increase in the minimum offering to $18-million (from $13-million) and the maximum offering to $23-million (from $15-million). Pursuant to the offering, Titan will issue units at a price of 50 cents per unit. Each unit comprises of one common share of the company and one common share purchase warrant of the company. Each warrant is exercisable for one common share at a price of 60 cents for a period of five years following the closing of the offering. The agent will not be granted any overallotment option.

David McNally, president and chief executive officer of Titan Medical, said, "We are delighted that the investment community has responded enthusiastically to the offering, acknowledging the significant progress that the company has made in achieving its milestones as well as its prospects for the future."

In connection with the foregoing, the company intends to file a second amended and restated preliminary short form prospectus in each of the provinces of Ontario, British Columbia and Alberta pursuant to National Instrument 44-101, Short Form Prospectus Distributions. In addition, the units may also be offered for sale in the United States, by or through United States registered broker-dealers appointed by the agent as subagents, and in certain offshore jurisdictions, in each case under available exemptions from the prospectus and registration requirements of applicable securities laws.

About Titan Medical Inc.

Titan is a Canadian public company focused on the design and development of a robotic surgical system for application in minimally invasive surgery (MIS). The company's SPORT Surgical System, currently under development, includes a surgeon-controlled robotic platform that includes a 3-D high-definition vision system and instruments for performing MIS procedures.

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