Titan Mining Corporation (TSX: TI) Announces District-Scale Exploration Plans and Updated Mine Life for Empire State Mines

Highlights

• Titan Mining increases zinc resources by 22%, extending the Empire State Mines' life of mine to 2033.
• Exploration drilling in 2025 targets 40,000 ft of underground drilling and 31,000 ft of regional surface drilling.
• Significant growth potential with 15 drill-ready targets and a 100+ year production track record.

Titan Mining Corporation (TSX:TI, OTCQB: TIMCF) is excited to announce its district-scale exploration plans and updated mineral resource estimate for its Empire State Mines (“ESM”) zinc operations in upstate New York. The new exploration initiatives will target multiple high-quality, near-mine and district-scale targets within ESM’s 80,000 acres of controlled mineral rights, with the potential to increase near-term production and further extend the mine life.

Increased Zinc Resources and Extended Mine Life

The updated Zinc Mineral Resource Estimate shows a 22% increase in measured and indicated contained pounds of zinc compared to the Company’s 2020 estimate, net of depletions. This significant growth in resources, combined with an updated life of mine plan, positions ESM for long-term success.

The updated Zinc Life of Mine Plan (Zinc LOM Plan) now extends the mine life until 2033, with total recoverable zinc of 636 million pounds and payable zinc production of 541 million pounds. This extension in the mine life highlights the significant ongoing potential of the Empire State Mines, which already boasts an established operating base with a 5,000-ton-per-day (tpd) mill and a dedicated workforce of over 130 employees. The ESM operation is located in a Tier 1 jurisdiction, providing Titan with a stable operating environment.

2025 Exploration Plans

Titan Mining is ramping up its exploration efforts with a comprehensive drilling program planned for 2025. The company is set to complete 40,000 feet of underground drilling within the existing mining areas, as well as 31,000 feet of exploration drilling. The exploration drilling program will consist of:

• 13,000 feet of near-mine drilling: Targeting high-quality, near-mine zones with the potential for increasing production in the short term.
• 18,000 feet of regional surface drilling: Exploring district-scale targets across the broader Empire State Mines project area.

The exploration program will focus on 15 drill-ready targets, with 11 of them located within the historic Balmat (ESM) – Pierrepont trend. These targets hold significant promise, with total estimated mineralized material between 4.8 million to 5.3 million tons at average zinc grades ranging from 10% to 14%, containing between 935 million to 1.47 billion pounds of contained zinc.

Strong Exploration and Production History

The historic production track record at ESM, spanning over 100 years, demonstrates the company’s ability to convert near-mine exploration targets into production. Titan’s exploration efforts have the potential to continue adding incremental production in the near term, helping to boost the company’s long-term output and resource base.

While the potential quantity and grade of these exploration targets are conceptual in nature and based on historical production data from geologically similar horizons, the company is confident that further exploration will lead to valuable new resources.

CEO's Comment and Strategic Outlook

Don Taylor, CEO of Titan Mining, commented, “We are pleased with the results of the most recent Zinc Life of Mine Plan, which demonstrates an increased mine life and a strong base case for production. As we ramp up exploration plans in 2025, we aim to increase production and significantly enhance the mine life. We see a bright future for Empire State Mines as we focus on lowering unit costs, expanding the mineral resource, and growing zinc production. Additionally, we continue our evaluation of the Kilbourne graphite project, which holds promising potential for future growth.”