Ms. Rita Adiani reports

KILBOURNE GRAPHITE PROJECT ADVANCES THROUGH KEY PERMITTING MILESTONES

Titan Mining Corp. has made significant progress across the federal and state permitting programs for its Kilbourne graphite project at the Empire State mine in St. Lawrence county, New York. Kilbourne remains on track toward the company's target of commercial-scale natural flake graphite production in 2028.

"Titan is committed to a robust and expeditious permitting and environmental review process in close co-ordination with regulators and the nearby community," said Rita Adiani, president and chief executive officer of Titan Mining. "We're progressing through important federal and state permitting milestones, working with our stakeholders, and ensuring we tailor the project to meet environmental regulations. This work is keeping us on target for commercial production in 2028."

Federal permitting

Kilbourne remains on track under the FAST-41 permitting schedule, with all federal permits targeted for issuance by no later than August, 2027:

• Section 404 (Clean Water Act): U.S. Army Corps of Engineers has substantially completed the public comment period on Kilbourne's Section 404 permit application, advancing the project into the next phase of federal agency review and technical co-ordination toward a permitting decision;
• Cultural resources: phase IA archeological review and phase IB field investigation plan for federal permits submitted to the New York State Historic Preservation Office;
• Endangered Species Act: biological fieldwork complete; biological assessment being finalized ahead of formal U.S. Fish and Wildlife Service consultation, targeted to begin in October.

State permitting

At the state level, the company has submitted its joint application to the New York State Department of Environmental Conservation covering freshwater wetlands and water quality approvals while advancing the remaining state permitting studies and environmental review in co-ordination with New York State Department of Environmental Conservation as engineering progresses.

Importantly, continuing engineering and environmental work continues to reveal opportunities to reduce the potential environmental footprint of the project. Since April, 2026, design optimization has reduced the project's wetland impact footprint by approximately 50 per cent. Titan has also selected a hybrid tailings approach, materially reducing the overall tailings footprint and associated wetland impacts. Baseline environmental fieldwork is now substantially complete across the key study areas.

Kilbourne's strategic, national importance has been recognized through federal support, including participation in the FAST-41 permitting process and support from the Export-Import Bank of the United States (EXIM), which has provided $5.5-million for feasibility work and issued a $120-million letter of interest in potential project financing.

Kilbourne is designed to produce approximately 40,000 metric tonnes of natural graphite annually, establishing a significant domestic source of a critical mineral essential to U.S. defence, advanced manufacturing and energy storage while strengthening U.S. supply-chain resilience and reducing dependence on foreign supply.

The project is also expected to generate significant economic benefits for New York's North Country through construction activity and hundreds of long-term, permanent jobs, reinforcing Titan's role as a major employer in upstate New York and a driver of the region's economic base.

About Titan Mining Corp.

Titan is an Augusta Group company that produces zinc concentrate at its 100-per-cent-owned Empire State mine, located in New York State. Titan is also the United States' first end-to-end producer of natural flake graphite in 70 years and is advancing graphite and germanium initiatives to strengthen domestic critical minerals supply chains. The company has also received support from the U.S. Export-Import Bank (EXIM) under its Make More in America Initiative. Titan's goal is to deliver shareholder value through operational excellence, development and exploration. The company has a strong commitment toward developing critical minerals assets, which enhance the security of the domestic supply chain.

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