Mr. Don Taylor reports

TITAN REPORTS RECORD PRODUCTION RESULTS FOR THIRD QUARTER 2023

Titan Mining Corp. has released the results for the quarter ended Sept. 30, 2023 (all amounts are in U.S. dollars unless otherwise stated).

Don Taylor, President and Chief Executive Officer of Titan, commented, "Titan's ESM operations have continued to outperform expectations year-to-date, producing a record 18.3 million payable pounds of zinc in the third quarter at its lowest quarterly All-In Sustaining Cost1 since restarting the mine at $0.86/lb. Underpinning the outstanding production and cost numbers is the safety performance at the operations. Through the first three quarters of the year the reportable incident rate at ESM is well below the national average of US underground metal mines."

Q3 2023 HIGHLIGHTS:

• There were no Lost Time Injuries during the third quarter
• Produced and sold 18.3 million payable pounds of zinc in the quarter at an All-In Sustaining Cost1 of $0.86/lb, both metrics being records since restarting operations in 2018.
• Tons milled were consistent with milling rates in the prior quarter and payable pounds of zinc produced were 22% higher than the prior quarter
• Announced the discovery of the Kilbourne graphite trend, an extensively drill tested graphite-bearing trend principally located on permitted lands. Highlights include:
  • At or near surface targets with geological potential totaling between 210 and 1,050 million tons (Mt) grading between 2.0% and 4.5% graphitic carbon (Cg)
  • Flake graphite is a key input to the auto industry battery supply chain and designated as a Critical Material by the United States Department of Energy
  • There is no domestic source of flake graphite production; China, which accounts for more than half of global production, has recently announced export restrictions that may threaten the market
  • ESM lands hosting the Kilbourne graphite trend are fully permitted for drilling with some portions of these lands also currently permitted for mining -Aggressive plan to fast-track exploration and development with goal of being first domestic supplier of materials to the auto industry battery market

1 All-In Sustaining Cost ("AISC") is a non-GAAP measure. This term is not a standardized financial measure under IFRS and might not be comparable to similar financial measures disclosed by other issuers. See Non-GAAP Performance Measures below for additional information.

OPERATIONS REVIEW

Mining efforts in the third quarter of 2023 focused on the Mahler, New Fold, and Mud Pond zones. Waste development was advanced in the second quarter on the Mahler ramp system which provided access to a high-grade ore horizon in the Lower Mahler mining zone. This zone supported strong grades resulting in better than expected metal production throughout the quarter. It is expected that ore from this zone will continue to support head grade at planned levels for the remainder of the year. In addition, the pillar recovery program in Mud Pond delivered tons and grade, as planned, further supporting the strong production for the quarter. Mining is expected to continue in the same zones in the fourth quarter.

EXPLORATION UPDATE

Underground:

Drill programs in the third quarter of 2023 focused on exploring near mine targets within proximity to active mine areas. All underground drilling was completed with three Company-owned underground drills by Company employees. A total of 6 holes totaling 7,769 ft were completed targeting mineralized extensions Lower Mahler. Drilling is planned to continue to target Mahler and commence at Fowler in the fourth quarter of 2023.

Kilbourne:

The Company believes that the Kilbourne target has the potential to host between 3.36 Mt and 26.25 Mt of Cg, contained within 210 to 1,050 Mt grading 2.0% to 4.5% Cg. The potential tonnages and grades are conceptual in nature and have been estimated using the available drill data, with extents restricted to areas of accessibility and probability of extraction. There has been insufficient exploration to define a current mineral resource and the Company cautions that there is a risk further exploration will not result in the delineation of a current mineral resource.

The Kilbourne target was generated through the review of historic geologic data, recent drilling and assays within the known stratigraphic sequence that hosts Empire State Mines' zinc ore bodies. The high metamorphic grade of the host rocks has increased the size and morphology of the contained graphite to flake sizes.

Titan Mining is advancing work to further define the Kilbourne prospect, a graphite exploration target hosted within the same stratigraphic sequence as ESM's zinc mineralization. The host unit is Unit 2 of the lower marbles. Historic mapping and drilling have documented 8.2 km of strike length, to a depth of roughly 1 km from surface. Over 3.5 km of this strike length is within the affected area of the Empire State Mine and is covered by current permitting. The remaining strike length is securely within mineral rights held by ESM.

The unit has been intercepted in 53 historic drill holes, with logs, skeletonized core, and photographs confirming the presence of graphite mineralization. Titan has assayed Unit 2 intercepts from six recently completed core holes drilled by the Company, with an average unit grade of 1.6% graphitic carbon (Cg) and mineralized intercepts averaging 2.5% Cg. The highest returned values were ~4.5% Cg. Material from these holes is currently undergoing testing at SGS Labs in Lakefield, Ontario to classify the nature of the graphite mineralization, and to begin testing on the processes required to produce a graphite concentrate.

Surface exposures of the graphite mineralization are being mapped and sampled via surface trenching to help in guiding upcoming bulk sample collection and to aid in the development of future exploration programs.

Please refer to Titan's press release dated October 23, 2023, titled "Titan Mining Announces Significant Graphite Discovery at Empire State Mines in Upstate New York, USA" for additional details.

Qualified Person

The scientific and technical information contained in this news release and the sampling, analytical and test data underlying the scientific and technical information has been reviewed, verified and approved by Donald R. Taylor, MSc., PG, President and Chief Executive Officer of the Company, a qualified person for the purposes of NI 43-101. Mr. Taylor has more than 25 years of mineral exploration and mining experience and is a Registered Professional Geologist through the SME (registered member #4029597). The data was verified using data validation and quality assurance procedures under high industry standards.

Assays and Quality Assurance/Quality Control

To ensure reliable sample results, the Company has a rigorous QA/QC program in place that monitors the chain-of-custody of samples and includes the insertion of blanks and certified reference standards at statistically derived intervals within each batch of samples. Core is photographed and split in half with one-half retained in a secured facility for verification purposes.

Analysis has been performed as SGS Canada Inc. ("SGS") an independent ISO/IEC accredited lab. Sample preparation (crushing and pulverizing) and total graphitic carbon analysis has been completed at SGS Lakefield, Ontario, Canada. SGS prepares a pulp of all samples and sends the pulps to their analytical laboratory in Burnaby, B.C., Canada for multielement analysis. SGS analyzes the pulp sample by leach and IR combustion for total graphitic carbon (GC_CSA05V) and aqua regia digestion (GE-ICP21B20 for 34 elements) with an ICP - OES finish including Cu (copper), Pb (lead), and Zn (zinc). All samples in which Cu (copper), Pb (lead), or Zn (zinc) are greater than 10,000 ppm are re-run using aqua regia digestion (GO_ICP21B100) with the elements reported in percentage (%).

Additional sample preparation (crushing and pulverizing) has been performed at ALS Geochemistry ("ALS"), an independent ISO/IEC accredited lab located in Sudbury, Ontario, Canada. ALS prepares a pulp of all samples and sends the pulps to their analytical laboratory in Vancouver, B.C., Canada, for analysis. ALS analyzes the pulp sample by an aqua regia digestion (ME-ICP41 for 35 elements) with an ICP - AES finish including Cu (copper), Pb (lead), and Zn (zinc). All samples in which Cu (copper), Pb (lead), or Zn (zinc) are greater than 10,000 ppm are re-run using aqua regia digestion (Cu-OG46; Pb-OG46; and Zn-OG46) with the elements reported in percentage (%). Silver values are determined by an aqua regia digestion with an ICP-AES finish (ME-ICP41) with all samples with silver values greater than 100 ppm repeated using an aqua regia digestion overlimit method (Ag-OG46) calibrated for higher levels of silver contained. Gold values are determined by a 30 g fire assay with an ICP-AES finish (Au-ICP21). Graphite values are determined by leach and induction furnace/IR (C-IR18).

The Company has not identified any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data set out in this news release. True widths of the mineralized zones described in this news release are not presently known.

About Titan Mining Corporation

Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New York state. Titan is built for growth, focused on value and committed to excellence.

We seek Safe Harbor.