Page 1

TITAN MINERALS LTD ASX RELEASE - 30 April 2021 MARCH 2021 QUARTERLY ACTIVITIES REPORT Highlights • Diamond drilling results over the Iguana and Papayal Prospects received . Diamond drilling confirms widths and grades of the Iguana vein sets reported under the Canadian NI 43-101 resource estimate . Better intercepts reported ( refer to ASX releases dated 3 February and 29 April 2021 ) include : ○ 4.94m @ 6.28 g / t gold and 16 g / t silver from 82.22m - IGD007 ○ ○ ○ O 2.28m @ 6.82g / t gold and 88g / t silver from 24.52m - IGD010 2.69m @ 7.54 g / t gold and 38 g / t silver from 125.76m IGD013 3.80m @ 6.92 g / t gold and 30 g / t silver from 117.20m IGD015 8.46m @ 2.23g / t gold and 11g / t silver from 83.60m - IGD016 2.9m @ 20.7g / t gold and 57g / t silver from 49m - TPD005 ○ 3.85m @ 3.01g / t gold and 5 g / t silver from 85.8m - TPD008 Structural analyses of oriented diamond core and 3D modelling for both Iguana and Papayal Prospects completed , Resource modelling work progressing concurrent with confirmatory drilling activity . Diamond Drilling continues in June Quarter on the Cerro Verde Prospect as part of an ongoing 12,000m campaign . Re - logging work on over 33,000m of archived diamond core from previous drill programmes completed in the March quarter . Better Intercepts reported from re- sampling work ( refer to ASX release dated 17 February 2021 ) include : ○ 9.78m @ 0.93 g / t gold and 10 g / t silver from 3.0m and о 5.9m @ 5.35 g / t gold and 20 g / t silver from 37m and 25m @ 1.51 g / t gold and 9g / t silver from 66m ( CV19-010 ) 13.9m @ 0.95 g / t gold and 18g / t silver from 24.83m Including 2.45m @ 3.01g / t gold and 86g / t silver and ○ 18.2m @ 0.98 g / t gold and 6 g / t silver from 46m ( CV19-012 ) 4.75m @ 5.65g / t gold and 8 g / t silver from 14.6m ( CV19-015 ) о 5.68m @ 1.79 g / t gold and 4 g / t silver from 66.81m ( CV19-023 ) о 4.25m @ 6.37g / t gold and 111g / t silver from 56.85m and 10.8m @ 2.06g / t gold and 10 g / t silver from 89.5m ( CV19-028 ) Copper Duke geochemistry and geophysical interpretation results received . Geophysics confirms and extends a corridor hosting multiple clusters of intrusive centers ○ Multiple extensions to surface expressions of porphyry mineralization and high - grade gold veining located in several areas across the project : 11.2m @ 0.98 % copper and 4.05m @ 16.4g / t gold 26m @ 1.13g / t gold and 0.21 % copper Titan Minerals Limited ( ASX TTM ) ( Titan or the Company ) is pleased to provide its March 2021 Quarterly Activities Report . www.titanminerals.com.au Page 1