1
TM
“Producing Heavy Minerals from Canada’s Athabasca Sands”
TZMI Congress, Hong Kong
November 9, 2011
Forward Looking Information
This presentation contains forward-looking information that involves various risks and uncertainties
regarding future events. Such forward-looking information includes, without limitation, statements based on
current expectations which are based on assumptions and subject to a number of risks and uncertainties
and are not guarantees of future performance of the Corporation. These risks and uncertainties could cause
actual results and the Corporation’s plans and objectives to differ materially from those expressed in the
forward-looking information. These risks and uncertainties are more particularly described and updated in
the Corporation’s documents filed with the Canadian securities regulatory authorities on SEDAR at
www.sedar.com. Most notably these risks and assumptions include, but are not limited to: successful
removal/recovery of zircon, bitumen and solvent; changes in worldwide prices of zircon and titanium;
fluctuation in exchange rates; development and commercialization plans; legislative, political or economic
developments including changes to relevant legislation in Canada; operating or technical difficulties in
connection with development activities; requirement for additional funding; development timelines; potential
values of recovered zircon, bitumen and solvent; expected future oil sands production & bitumen losses;
and prospective results of operations, financial position or cash flows that are based on assumptions about
future economic conditions and courses of action. These and all subsequent written and oral forward-
looking information are based on reasonable estimates, opinions and assumptions of management on the
dates they are made and are expressly qualified in their entirety by this notice and the Corporation’s
documents filed with the Canadian securities regulatory authorities on SEDAR at www.sedar.com. Except
as required by securities law, the Corporation assumes no obligation to update forward-looking information
should circumstances or management’s estimates or opinions change.
Titanium Corporation November 2011 2
Creating Value from WasteTM
Titanium Corporation is creating value from Canada’s Athabasca Sands in two important areas:
Industry-wide technology solution recovers valuable heavy minerals, bitumen and solvent from oil sand tailings
Reduces emissions, consumption of fresh water and the environmental footprint of tailings ponds
Titanium Corporation November 2011 3
Titanium Corporation November 2011 4
TSXV Share Price Nov 3 (52 week range) $1.85 ($1.00/$2.90)
Average trading volume 50,000 shares/day
Shares Outstanding 64 million
Market Cap $118 million
Major Shareholder Pinetree Capital 11.4%
Cash Position $12 million (August 31/11)
Titanium Corporation Inc. (TSXV : V.TIC)
Titanium Corporation Corporate Information
Titanium’s Management Team
Titanium Corporation November 2011 5
Scott Nelson
President & CEO
(IBM,PWC, Hess,
Amoco, Dome)
Jennifer Kaufield
Vice President, Finance & CFO
(Placer Dome
Catena,E&Y
CA, CPA, BCom)
George Duguay, Corporate Secretary
Dr. Kevin Moran
Vice President, Process
Development
(Syncrude Canada
PhD Chem Eng MScEng, BSc)
John Oxenford
Vice President,
Oil Sands
(Syncrude Canada
MSc. Eng, BSc)
Dr. Salustio Guzman
Vice President, Marketing
(Rio Tinto, Alcan
PhD Metallurgy)
Director Position Other Boards Gordon Pridham Chairman Newalta Corporation; Chairman, US Silver Corp
C. Bruce Burton Corporate Director BioteQ Environmental Technologies; Continental Nickel Inc.
Moss Kadey Corporate Director Brita GmbH
Malcolm Macpherson Corporate Director Minara Resources Ltd; Pluton Resources; Range River Gold Inc.
Scott Nelson President & CEO
Brant G. Sangster Corporate Director Canadian Oil Sands Ltd; Inter Pipeline; Harvest Energy
Eric W. Slavens Corporate Director Altus Group Income Fund
Titanium Corporation November 2011 6
Athabasca Sands: One of World’s Largest Oil and Minerals Resources
Titanium Corporation November 2011 8
Athabasca Oil Sands Mining Operations
•4 mining sites
•Up to 1 million tpd per site
•400 ton trucks, 100 ton shovels
Titanium Corporation November 2011 9
Oil Sands Extraction Process
•Hot water slurry
•Flotation, mixing, settling
• ~40,000 tons/hr
•Produces bitumen “froth”
•Minerals concentrated in froth
Titanium Corporation November 2011 10
Bitumen Froth Treatment Process
•Solvent added to bitumen froth
•Gravity separators reject sand/water
•Bitumen product for up-graders and pipelines
•Tailings contain concentrated heavy minerals and lost bitumen
Froth Treatment Tailings
Composition of tailings:
73 - 80% water
2 -10% bitumen & solvent
17% solids containing minerals
Heavy minerals ~25% of solids
Froth treatment tailings at four sites:
Syncrude, Suncor, CNRL, Shell
2-4 million tons of solids annually per site
10.5 million tons per year total solids
Titanium Corporation November 2011 11
Titanium Corporation November 2011 12
Athabasca Sands Heavy Minerals:
~12% Zircon
0.5
22.6
23.3
2.2
12.1 4.9
34.1
magnetite
ilmenite
leucoxene
rutile
zircon
pyrite
other
WATER
HYDROCARBON
CONCENTRATOR PLANT
CONCENTRATOR
TAILINGS
Integration of Oil Sands Mining and Heavy Minerals Processes:
Titanium Corporation November 2011 13
15
Four Operating Mining Sites:
Over $800 million per year of “recoverable” valuable resources are lost to tailings ponds
(1)Price assumptions: $80/B WTI; $1,400/T zircon
Zircon 200,000 – 250,000 tons 65% – 75% $182M - $262M
Bitumen 8 – 10 million barrels 75% – 80% $360M - $480M
Solvent 750,000 – 995,000 bbls 75% – 90% $45M - $72M
Water 25 – 37 million m3 50% – 80%
Totals $587M - $814M
Potential
Recovery Typical Annual Range Potential
Value(1)
Titanium Corporation November 2011
16
A single large mining site annually loses over
$250 million of “recoverable” valuable resources:
(1) Price assumptions: $80/b WTI; $1,400/t zircon
Titanium Corporation November 2011
Zircon 70,000 – 100,000 tons 65% – 75% $64M - $105M
Bitumen 2 – 3 million barrels 75% – 80% $90M - $144M
Solvent 300,000 – 400,000 bbls 75% – 90% $18M - $29M
Water 10 – 15 million m3 50% – 80%
Totals $172M - $278M
Potential
Recovery Typical Annual Range Potential
Value(1)
17
Titanium Corporation’s Athabasca Sands Development Path:
Titanium Corporation November 2011
2008 2009 2010 2011 2012+
R&D: Technologies tested at laboratory and bench scale; 6 patents filed
$3.5M Grant from Government of Alberta
leveraged R&D
Commercialization: FEED Engineering
Construction Commissioning
SNC-Lavalin design & engineering of
demonstration plant
Demonstration Pilot (Syncrude, CNRL, Suncor)
$5M Grant from Canadian Government (SDTC)
$14M Private Placement
SNC-Lavalin site specific engineering
Creating Value from WasteTM
After 12 month demonstration pilot, our technology has exceeded targets:
Heavy minerals cleaned and concentrated (95%)
80% recovery of bitumen
Recovery of 75% of solvents (a major source of VOC’s at oil sands sites)
Thickened tailings and water recovery
Titanium Corporation November 2011 24
Commercialization Process
•Technical due diligence (completed)
•Site specific planning and prelim. engineering (one site completed)
•Site specific cost estimates and economics (one site completed)
•Fiscal and regulatory terms (Alberta Government review underway)
•Commercial agreements
•Partnering/joint ventures/financing
• EPC (24 months)
Titanium Corporation November 2011 25
Single Site Project Economics are
Robust:
*Preliminary Estimates
Capital Costs $370 million
Annual Revenue $171 million (after royalties)
Operating Expenses $41 million
EBITDA $130 million
IRR 23%
NPV-1 site $360 million
Titanium Corporation November 2011 26
*See next slide for key assumptions: $80/B WTI; $1,400/T Zircon; 25% light/heavy differential
Financial Outlooks and Assumptions
The forward-looking information appearing on the previous slide (including the associated estimates
of capital costs, annual revenue, operating expense, earnings before interest, taxes, depreciation,
amortization and other certain items (EBITDA), internal rates of return (IRR), and net present values
have been presented to provide investors with management's estimate of the single site economics
for a facility employing the Corporation's Creating Value from Waste™ process. This forward-looking
information is based upon the following assumptions: $80 USD/bbl WTI; bitumen price differential
25% (i.e., bitumen price of $60 USD/bbl); $1,400 USD/ton for zircon; $80 USD/bbl of solvent; USD
to CDN $ exchange rate $1.00; discount rate 10%; Federal and Alberta tax rates of 28%; production
of 100 million barrels per year with an estimated 2% bitumen contained in froth tailings stream;
estimated bitumen recovery of 75%; 300,000 bbls of solvent being contained in tailings; estimated
solvent recovery of 75%; estimated zircon recovery of 55,000 tons/year. Investors are cautioned
that actual results may vary from such forward-looking information. See the Corporation’s
documents filed with the Canadian securities regulatory authorities on SEDAR at www.sedar.com for
a description of material risk factors that could cause actual results to differ materially from the
financial outlook.
Titanium Corporation November 2011 27
Compelling Economic and Environmental Benefits of
Implementing Titanium’s Technology:
At 2010 Athabasca Oil Sands production:
Economic Benefits: (current prices)
• 170,000t/y zircon; $340 million/yr
• 28,000b/d bitumen;$700million/yr
Environmental Benefits:
• VOC reduction of 80%;60kt/yr
• CO2 reduction 5.6%; 0.8 Mtonnes/yr
• NOx reduction 4.2%;1.9kt/yr
• >50% recycle water; 25% river water usage reduction
At 2020 projected production:
Economic Benefits: (current prices)
• 400,000t/y zircon; $800 million/yr
• 70,000b/d; $1.8 billion/yr
Environmental Benefits:
• 80%; 151kt/yr
• 5.6%; 2.4 Mt/yr
• 4.2%; 5.8kt/yr
• >50% water recycle; 25% river water usage reduction
November 2011 Titanium Corporation 28
Multiple Minerals Projects in High
Growth Athabasca Oil Sands Sector:
4 large mining sites currently in operation and expanding: Syncrude, Suncor, CNRL, Shell
Imperial Kearl mine commissioning 2012
Oil production forecast to more than double to 3 million b/d in next 10 years; associated sand tailings rich in heavy minerals
Titanium’s technology addresses environmental concerns about tailings and emissions
Zircon potential of 400,000 t/y for growing international markets
Titanium Corporation November 2011 29
For Information on
“Creating Value from Waste™”
Titanium Corporation November 2011
Scott Nelson
President & Chief Executive Officer
403-561-0439
Titanium Corporation
Suite 1400, Baker Centre
10025 – 106th Street
Edmonton, Alberta
T5J 1G4
780-760-0512
www.titaniumcorporation.com
TSX Venture Exchange under the symbol “TIC”