Titanium Sands Limited announced that the resource infill and extension drilling on TSL's heavy mineral project is progressing well with 38 of the 300 planned holes completed. The drilling is being managed by the Sri Lankan Geological Survey and Mines Bureau Technical Services Division ("GSMBTS") using TSL's reverse circulation/aircore drilling rig. As previously announced to the market the program consists of about 300 holes for a total meterage of around 3,600m.

The primary objective of the drilling will be to convert more of the resource in the high-grade zone from an inferred to indicated mineral resource category by decreasing the RC/aircore drill line separation from a nominal 400m to 200m. A secondary objective is to drill 12m deep holes beneath a 2.2km2 area of the high-grade zone resource, only tested by shallow auger drilling down to 2-3m below surface. The program is contained within the Company's high grade resource zone as outlined in the initial scoping study.

This high- grade zone contains a mineral resource3 of 93Mt at 5.24% THM of which 32% is in the indicated category. It represents 35% of the total current mineral resource estimate for the project of 265Mt at 4.38% THM. All 38 holes drilled so far in this current program have reached the target depth of 12m.

Visual logging has observed concentrations of heavy minerals throughout, consistent with previous drilling. In addition to the 38 holes, 33 have been drilled beneath the 2km2 high grade resource zone previously only drilled down to 2 to 3m and have shown in visual logging to contain significant heavy mineral concentrations down to the 12m target depth. Sample preparation processing has commenced in the on site laboratory facilities under independent supervision prior to consignment to a mineral sands laboratory in South Africa for heavy mineral analysis.

An updated resource estimate will follow allowing for a revision of the project's scoping study and will assist the Company's proposed mining license application process.