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ITITAN MINERALS LTD ASX RELEASE - 30 July 2021 JUNE 2021 QUARTERLY ACTIVITIES REPORT Dynasty Project Highlights 32 holes completed or in progress in current Dynasty Project Drilling • Fourth diamond drill rig mobilised to site as planned in early July • • A total of 6 drill rigs operational over next 2 months following an additional two diamond drill rigs mobilising into Dynasty Project in the first week of August to further accelerate drilling campaign Planned 120m drill hole at Cerro Verde Prospect extended to 605.86m after continually cross cutting a number of mineralised vein zones at depth - Assays pending • Drilling results at Papayal demonstrate outcropping mineralised veins extend at depth and are open in all directions , better reported intercepts include : ○ 2.9m @ 20.7g / t gold and 57g / t silver from 49m 3.85m @ 3.01g / t gold and 5 g / t silver from 85.8m о 8.56m @ 1.00g / t gold and 155g / t silver from 62.14m Regional Projects Highlights • Copper Duke porphyry mineralisation mapped in gold and copper geochemistry at surface is enhanced with geophysical results . Surface Geochemistry programmes continue with a further • 12km² of soil sampling completed in the reporting period Linderos Project compilation work completed , and exploration strategy approved , with reported historical results including : о Meseta Gold Camp 28.8m @ 2.56 g / t gold ; including 5.94m @ 10.8 g / t gold - LDH004 8.88m @ 4.70 g / t gold - LDH004A 14.32m @ 1.43g / t gold - LDH003 ■ 21m @ 18.5g / t gold in trench Linderos - 13 " 19.95m @ 14.3g / t gold in trench Linderos - 16 Copper Ridge Prospect • ■ Corporate Highlights 99.75m @ 0.26 % copper from 255m drilled depth - ERIKA01 84.85m @ 0.32 % copper ( from surface to end of hole ) - ERIKA02 20m @ 0.21 % copper from 181m to EOH ( open at depth ) – ERIKA02A 77.05m @ 0.19 % copper ( from surface to end of hole ) - DHW05 50.25m @ 0.33 % copper ( from surface to end of hole ) - DHW06 • Corporate restructuring of assets completed - significant corporate milestone achieved • Executed term sheet with Pelorus Minerals for the sale of Zaruma Mine and Portovelo Process Plant assets O Consideration of US $ 15m in staged cash payments plus a 2 % net smelter return royalty on future copper production from the Zaruma Mine concessions ○ US $ 3.5m signing payment received for a total of US $ 5.5m received to date , and о A further US $ 2.0m payment expected in the current quarter , plus additional US $ 7.5m by June 2022 . Titan Minerals Ltd | www.titanminerals.com.au | ASX : TTM Suite 6 , 295 Rockeby Road | Subiaco WA 6008 | +61 8 6555 2950 | info@titanminerals.com.au