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Titanium Resources (SRX)

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Friday 06 October, 2006

Titanium Resources

Holding(s) in Company

Titanium Resources Group Ltd
05 October 2006


               Titanium Resources Group ('TRG' or 'the Company')

                               Notice of Holding

6 October, 2006: Titanium Resources Group was notified on 4 October 2006 that
following recent share sales Mackenzie Financial Corporation, as Investment
Manager, holds 16,825,200 shares of Titanium Resources Group Ltd. on behalf of
its clients.  This represents a total interest in the common share capital of
the Company of approximately 8.1%.

                                      Ends

For further information

TRG
Audrey Richardson, Corporate Secretary
Tel: +352-222-51233

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.

The Sierra Rutile Project employs 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. Bauxite from the SML bauxite mine is premium grade metallurgical
bauxite which is the primary feedstock used in the production of aluminium. Both
projects employ proven mining and processing techniques and rutile and bauxite
from this region are recognised for their high quality.

The bauxite operations

The SML mining lease covers approximately 580 square kilometres in the southwest
of Sierra Leone, 150 km southeast of the capital Freetown. SML is situated on a
high-grade ore body and employs proven, conventional mining and processing
techniques.

In January 2005, SML was granted mining lease ML1/05 for a period of ten years
with the option to renew for a further ten years. Independent analysis of SML's
existing bauxite reserves at Gbonge, Gondama, Jenega, Konta and Wunde are
estimated at 12.4 million tonnes (as estimated by Mine Development Associates
and included within the August 2005 Admission Document) which should support
production for approximately ten years at normal operating levels. It is
envisaged that further exploration work will be undertaken to discover
additional resources in the Gbonge Hills and the Gondama sector which lie within
the mining lease area.

The bauxite from Gondama/Gbonge is highly-prized gibbsitic bauxite which may be
used as feed for low temperature and high temperature digestion as well as feed
for sweetening digestion. This versatility creates significant marketing
flexibility.


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