Tao Commodities Limited announced that the maiden drilling program at the Titan Project ("the Project") in west Tennessee has confirmed thick, high grade mineralisation in all 15 drill holes completed in the Phase 1 drilling program and a valuable mineral assemblage in drill holes selected for analysis. Within the Phase 1 program, the thickest and highest-grade results were obtained from the Company's northern most properties following a ridge line where 12 holes intersected thick zones of mineralization. This thick zone of mineralization ranged from 12.2 to 48.8 meters with all results >1.0% THM and with values consistently ranging from 2% ­ 4% THM over intercepts of between 30 and 50 meters. Within this thick envelope of mineralization, two zones of high-grade mineralization have been recognized, and are described as an Upper Shore Zone (USZ) and a Lower Shore Zone (LSZ). The cross section oriented perpendicular to the paleo shoreline, shows the significant THM intercepts for 5 of the holes and the continuity of the upper and lower shoreline zones. Drilling remains open in all directions. Three holes were completed in the land package located just west of Camden, Tennessee, and encountered thick zones of lower grade mineralization compared to the results seen in the northern properties, with the mineralization hosted in the lower member of the McNairy Sand. The Phase 1 drill program utilized a sonic drill rig, which allowed for core samples to be taken every ~1.5 meters (5 ft). These samples were then bagged and shipped to SGS Laboratories in Lakefield, Ontario, where a Heavy Mineral Concentrate ("HMC") was prepared. The HMC was prepared via screening for oversize (+600 microns) and slimes (-45 microns) and then subjecting an 85-gram sub-sample from the screened fraction to heavy liquid separation at 2.95 specific gravity. Weights were recorded for the HMC, oversize fraction (+600 microns) and the slimes (-45 microns) for each sample. The Total Heavy Mineral ("THM") percentage was then calculated by including the mass of the oversize material and the slimes. Subsequent to the THM interpretation, 70 select HMC samples from 4 drill holes were sent to SGS Lakefield and subjected to QEMSCAN analysis to determine the mineral assemblage within the HMC. Valuable Heavy Minerals ("VHM") assemblage was derived from the HMC samples by adding the rutile, leucoxene, pseudorutile /Hi-Ti Ilmenite, ilmenite, Ti- magnetite/hematite, zircon and monazite (rare earths). This calculation excludes quartz, staurolite, kyanite and all other non-valuable minerals. The initial results highlight a favorable VHM range of 42% - 76% across the selected drill holes with the average THM assemblage. Particularly encouraging are initial indications of a highly valuable potential product suite within the VHM portion of the THM comprising of large proportions of rutile (16.9%) and zircon (14.5%) with the majority of the remaining VHM being titanium minerals including leucoxene and pseudorutile with minor amounts of ilmenite and titanium magnetite/hematite. In December 2020, the company completed a Phase 2 program totaling 10 holes for 344 meters. Samples have been received by SGS Laboratories with assays pending. The program was designed to follow up on visual HMS estimates from the Phase 1 program with initial Phase 2 visual observations being very encouraging and similar to the observations in the Phase 1 campaign. The Company is now planning a follow up Phase 3 drilling program for early in First Quarter 2021 with the aim of delineating a maiden resource estimate in Second Quarter 2021, intended to form the basis of a project scoping study. The Phase 3 drill program will include a bulk sampling program to conduct further mineralogy and metallurgical test work. Thick zones of high-grade Total Heavy Mineral ("THM") assays have been returned near surface on all holes, including; 47.2m @ 3.69% THM including 10.7m @ 8.09% THM and 10.7m @ 5.47% THM; 35.1m @ 3.04% THM including 10.7m @ 8.16% THM; 32.0m @ 3.12% THM including 10.7m @ 5.64% THM.