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Titanium Resources (SRX)

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Tuesday 31 January, 2006

Titanium Resources


Titanium Resources Group Ltd
31 January 2006

  Titanium Resources Group ('TRG' or 'the Group') Completes Acquisition of the
         rights to the Rotifunk Mineral Sands Prospect in Sierra Leone

31 January, 2006: TRG is pleased to announce that it has completed the
acquisition of the rights to the Rotifunk mineral sands prospect located in
Sierra Leone, from Gondwana (Investments) S.A, for a consideration of US$120,000

TRG announced on 21 December 2005 an agreement to acquire the rights to the
Rotifunk prospect subject to satisfactory due diligence. The Group intends to
further evaluate the potential of the Rotifunk prospect to augment projected
production from  its nearby Sierra Rutile mine.


For further information

Walter Kansteiner, 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

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 for Editors

The Rotifunk prospect

The Rotifunk mineral sands prospect is the second largest known mineral sands
deposit in Sierra Leone (after TRG's Sierra Rutile mine).  It is located 65 km
southeast of Freetown and lies approximately 40 km northwest of the Sierra
Rutile mine.  Records of work undertaken by both Bayer-Preussag and Hazcare have
provided mineral resource estimates of 207 million tonnes at 0.49% rutile and
163 million tonnes at 0.48% rutile, respectively.  Exploration work undertaken
in 2003-2004 by Gondwana has identified 170 million tonnes of inferred mineral
resource at 0.70% rutile, 0.84% ilmenite and 0.06% zircon.

                      This information is provided by RNS
            The company news service from the London Stock Exchange              DLDKEAE