Titanium Sands Ltd. confirms that it has received further results from the resource infill and extension drilling program completed in August at its Mannar Island Project. These latest results represent analysis of Total Heavy Mineral (THM %) from a further 702 samples from 60 RCAC drill holes. Of the 315 holes drilled in the completed program THM results have now been received from 128 drill holes.

Results from the first 68 holes have previously been reported. All samples are now in the analytical laboratory in South Africa and the remainder of the Total Heavy Mineral (THM) results are being processed as quickly as possible and are expected to be completed over the next 4 to 6 weeks. To expedite incorporating the drilling results into a revised resource statement, mineralogical analyses of the Total Heavy Mineral assemblages are being carried out in batches rather than on completion of all the THM analyses.

As previously announced to the market the program consisted of about 300 holes with a target depth of 12m for a total meterage of around 3,600m. The primary objective of the drilling was 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. In addition, 33 holes were drilled beneath a 2 square kilometre high grade resource zone previously only drilled to 2-3m.

All except for two of the 33, 12m RC aircore holes in this zone have returned intercepts of 2-9% THM below the shallow resource. Results so far from this program are consistent with the earlier more widely spaced resource drilling. Of the 60 holes in this latest batch of results 57 returned intercepts of greater than 2% THM with heavy minerals down to depths of 12m.

The program was contained within the Company's high grade resource zone as outlined in the initial scoping study. This high-grade zone contains a mineral resource 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.

The results from this program will be used to provide an updated resource statement of this high grade resource zone that will form the basis for a more advanced scoping study analysis.