Titan Mining Signs Cooperative Agreements with St. Lawrence County, Expands Mineral Tenure to Greater Than 120,000 acres in Upstate New York

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Iron Oxide Copper-Gold (IOCG) Potential

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A portion of the expanded land package includes the historic Adirondack Magnetite District, an area with a long history of iron mining but minimal modern exploration for copper and gold often associated with these type deposits. Significant geological and geophysical evidence highlight the size potential of the iron bodies. Historic drilling has encountered magnetite to a depth of 600 feet. Reported in the historic drilling are zones of copper mineralization that were not assayed. Assays of recent surface sampling by ESM geologists have returned gold values of up to 0.41 g/t Au, with trace copper up to 0.05%. A surface exploration program is planned to identify areas of higher potential within the iron bodies which will be followed by surface diamond drilling.

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Zinc and Graphite

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The additional acreage consolidates ground between ESM and the historic Edwards Mine (6,567,660 tons produced at 10.76% Zn). Several zinc and graphite targets have been identified, with field mapping and sampling of the expanded lands to commence in 2025.

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Exploration Planning

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The expanded tenure has led to an updated exploration strategy for 2025, building on plans announced in the Company’s January 7, 2025, press release. Titan currently has 18 drill-ready targets with five located on the new parcels, including the Parish prospect. Drilling commenced in January at Pleasant Valley, with future programs as outlined in Figure 1 planned at the Pork Creek, Moss Ridge, Parish, and Bend targets.

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Key Terms of the Lease and Option to Lease Agreement

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Titan has leased mineral rights over 56 parcels (37,867 acres) and holds an option to lease an additional 37 parcels (6,075 acres). The lease agreement is for a term of up to 40 years and the option agreement is for a term of up to 25 years (exercisable into a lease with a lease term of up to 40 additional years). Titan has agreed to pay all taxes due on the parcels leased from St. Lawrence County. The Company has also committed to giving qualified St. Lawrence County residents hiring priority for jobs created through exploration and development.

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Figure 1: Additions to land package and ESM Drill Targets for 2025 (green triangles) and future targets (black triangles).

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Figure 2: Parish Magnetic Anomaly, with sample locations and historic prospect pits marked.

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Table 1:Parish sample locations and assayed grades of Gold (Au ppm), Copper (Cu ppm), and Iron (Fe %).

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Quality Assurance and Quality Control

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Surface sampling was conducted by ESM personnel. Samples were collected using a rock hammer, with samples placed into cloth bags labeled with an assigned sample identification number. A sample tag corresponding to the assigned sample identification number was also inserted into the bag. Sample locations were collected and recorded on handheld GPS. A representative piece of each sample has been retained by the Company. Sample bags were secured with a draw string, weighed, and packed in shipping boxes.

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For samples related to base and precious metal exploration, shipping boxes are placed on pallets and shipped by freight to ALS Geochemistry (“ALS”), an independent ISO/IEC accredited lab located in Sudbury, Ontario, Canada. ALS prepares a pulp of all samples and sends the pulps to their analytical laboratory in Vancouver, B.C., Canada, for analysis. ALS analyzes the pulp sample by four acid digestion (ME-ICP61 for 34 elements) with an ICP – AES finish including Cu (copper), Pb (lead), and Zn (zinc). All samples in which Fe (iron) are greater than 50 percent (%) are re-run using four acid digestion (Fe-OG62). Gold values are determined by a 30 g fire assay with an AAS finish (Au-AAP23).