Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

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In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

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HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Titanium Resources (SRX)

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Monday 23 January, 2006

Titanium Resources

Operational Update

Titanium Resources Group Ltd
23 January 2006


 Titanium Resources Group ('TRG' or 'the Group') Announces the Commissioning of
   Dredge D1 at the Sierra Rutile Mine and the Restart of SML Bauxite Project


23 January, 2006: TRG is pleased to announce that it has successfully
refurbished and is currently commissioning the primary bucket line dredge
(Dredge D1) used in the extraction of mineral sands at the Group's Sierra Rutile
mine in south eastern Sierra Leone.  The re-commissioning of Dredge D1 was
completed on schedule and within budget.  Dredge D1 will produce 100,000 tonnes
per annum of high quality natural rutile.  Commercial scale production from
Dredge D1 is expected to commence in the first quarter of 2006 once all
commissioning tests have been satisfactorily completed.

Refurbishment work on the second dredge (Dredge D2) has commenced and start-up
of Dredge D2 is anticipated in the second half of 2007.  At full production,
dredges D1 and D2 will produce approximately 200,000 tonnes per annum of rutile
along with significant amounts of zircon and ilmenite by-product.  Proceeds of
the Company's August 2005 IPO are being used to fund construction and start-up
of Dredge D2.

TRG is also pleased to announce that the rehabilitation and restart of the SML
Bauxite Mine has been completed on schedule and within budget.  The mine has
commenced commercial scale production.  It will produce approximately 1.2
million tonnes per annum of high quality bauxite.  The mine's production is
being sold to Alcoa and Glencore under long-term sales contracts.

Commenting on the announcement, Walter Kansteiner, non-executive Chairman, said:

'Restart of Dredge D1 and the SML Bauxite mine underlines the commitment of the
Group's management and employees to deliver on the promises made to shareholders
as well as to the people of Sierra Leone.

Despite the challenges of returning the mines to working order after ten years,
the team on the ground in Sierra Leone has passed the first milestone on the
road towards returning the mines to their previous position as world class
producers.

Developments at the two mine sites are continuing and we anticipate further
announcements in relation to additional elements of the refurbishment programme
in due course.'

                                      Ends
For further information

TRG
Walter Kansteiner, non-executive Chairman
Tel: +44 (0) 207 321 0000

Aura Financial
Michael Oke
Andy Mills
Tel: +44 (0) 207 321 0000

This press release has been issued by TRG and is the sole responsibility of the
company. This press release does not contain or constitute an offer or
invitation to purchase or subscribe for any securities of TRG and should not be
relied on in connection with any decision to purchase or subscribe for any such
securities.

The securities referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933 and may not be offered or sold in the United
States absent registration under the Securities Act or an available exemption
from it.

Notes to Editors

Titanium Resources Group

Titanium Resources is the holding company of a group of companies that are
engaged in the mining, marketing and exploration of mineral resources. The Group
owns two mining operations in the Republic of Sierra Leone - the Sierra Rutile
Project and the SML Bauxite Project. Both mines operated for over 15 years until
operations were suspended in 1995.  The projects accounted for 75 per cent of
the exports of Sierra Leone.

The Sierra Rutile Project will employ conventional dredging and processing
methods to produce mineral sands in the southwest of Sierra Leone, where its
production previously represented approximately 30 per cent of the world's
annual supply of natural rutile. Natural rutile is a high titanium-bearing
feedstock employed in the manufacture of titanium dioxide (TiO2) pigments that
are used in paint, plastics, paper and pharmaceuticals and the production of
titanium metal and welding rods.

In close proximity to the Sierra Rutile mine is the SML Bauxite Project which
successfully mined bauxite in the Mokanji area for over 30 years prior to the
suspension of operations in 1995. Bauxite from the SML bauxite mine is premium
grade metallurgical bauxite which is the primary feedstock used in the
production of aluminium.

Both projects will employ proven mining and processing techniques and were
profitable operations in the past. Rutile and bauxite from this region are both
recognised for their high quality.


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            The company news service from the London Stock Exchange