Titan Mining Corporation provided an update on the operations and exploration program at its Empire State Mine (“ESM”). Drilling has resulted in a major high-grade expansion of the near-mine #2D zone, formerly referred to as #2 Deep, by over 700 feet down-plunge. The zone remains open at depth and laterally toward the #4 shaft. Development of this zone will be a focus in the short term. A definition drilling program is planned for the fourth quarter of 2018, and preliminary engineering design is underway.

An updated mine plan for ESM, incorporating the #2D zone, is expected in the first half of 2019. Production at ESM was impacted in the third quarter of 2018 mainly by low productivity from the mining contractor, however, payable zinc shipments increased by 6% from the prior quarter. The transition from contractor to owner-mining has been completed and 190 of 200 staff positions at ESM have been filled to date. Titan has received a commitment for the financing of its operations into 2019.

Donald Taylor, Chief Executive Officer of Titan, noted that a new mine management is in place and immediate changes have been implemented to address this short-term issue. The transition from contractor to owner-mining was accelerated and completed before the end of October. The #2D zone, an extension of the large #2 mine which accounted for about half of the tons mined historically at ESM, is growing rapidly and has the potential to add significant high-grade tonnage to the mine plan.

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