Vancouver, British Columbia, August 3, 2011 - Titan Uranium Inc. ("Titan" or the "Company") (TSX-V:TUE, FSE:T4X) purchased the Sheep Mountain Property from Uranium One Inc. ("U1") on or about September 29, 2009. The terms of the agreement included a payment by Titan to U1 of US$2,000,000 if the month-end spot uranium price reported by Ux Consulting Company exceeded US$65.00 per pound within three years of the
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