Titan to Undertake C$3,000,000 Equity Financing

September 19, 2005

Saskatoon, SK, September 19, 2005 - Titan Uranium Inc. (TSXV: TUE) is pleased to announce it has negotiated private placements of up to 3,000,000 units (the "Units") at a price of C$1.00 per Unit to raise gross proceeds of up C$3,000,000. Each Unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of two years at a price of C$1.35 per common share.

Of the placements, C$1,000,000 will be non-brokered and C$2,000,000 will be brokered through a syndicate of agents led by Canaccord Capital Corporation and including PowerOne Capital Markets Limited.

The agents for the brokered private placement will receive a cash commission of 8% of the gross proceeds raised under the brokered private placement and broker warrants entitling the agents to purchase up to 10% of the number of common shares sold under the brokered private placement at a price of C$1.10 per common share for a period of two years. In addition, Titan will pay Canaccord a corporate finance fee of $5,000 and 30,000 units, with each unit consisting of one common share and one-half of one warrant, with each whole warrant entitling the holder to purchase one additional common share for a period of two years at a price of C$1.10 per common share.

A finders fee may be payable in respect of the non-brokered private placement.

In accordance with securities legislation, the shares and warrants issued under the private placements will be subject to a "hold period" of four months and one day from the date of issuance of such securities. Following the expiry of the "hold period" the warrants will be listed for trading on the TSX Venture Exchange, subject to the Company meeting minimum distribution requirements.

The completion of the private placements and the listing of the warrants are subject to the approval of the TSX Venture Exchange.

The net proceeds of this private placement will be used for working capital purposes and to fund Titan's exploration program on its Castle North and Castle South properties in the Athabasca basin. As recommended by the Company's independent Qualified Person, initial work on the mineral dispositions will involve a deep-penetrating geophysical survey to identify targets for subsequent diamond drilling.

In other news, Titan has appointed Kurt Loewen to the position of Chief Financial Officer replacing Mr. Arni Johannson who will remain as Titan's Chairman. Mr. Loewen is a Chartered Accountant with over 8 years of audit and accounting experience, formerly with Fidelity Investments and Deloitte & Touche.

ON BEHALF OF TITAN URANIUM INC.
"Philip Olson", President

For further information contact: Arni Johannson
Second Floor, 157 Chadwick Court,
North Vancouver, British Columbia
Canada V7M 3K2
Telephone: (604) 988-4824 Facsimile: (604) 988-5327
www.u3o8.ca

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-Looking Statements:
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Titan's periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Titan does not assume the obligation to update any forward-looking statement.