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Titanium Resources (SRX)

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Tuesday 12 June, 2007

Titanium Resources

Holding(s) in Company

Titanium Resources Group Ltd
12 June 2007

                          Titanium Resources Group Ltd

                   Changes in Holdings by major shareholders

12 June 2007: Titanium Resources Group ('TRG' or 'the Company'), incorporated in
the British Virgin Islands, announces the following changes to significant
shareholdings in accordance with Rule 17 of the AIM Rules for Companies insofar
as it has such information.

The Company was notified on 8 June 2007 that following the disposal of 40
million common shares (17.1%), Leopard Titanium Limited now holds 50,320,332
common shares in TRG, representing 21.48% of TRG's total issued share capital.

M&G Investment Management Limited acquired 19,482,692 common shares (8.3%) on 7
June 2007 at a price of 65p per common share and now hold 23,425,000 common
shares, representing 9.99% of TRG's total issued share capital.

Shareholders believed to be associated with Ospraie Management, LLC acquired
20,000,000 common shares (8.5%) on 7 June 2007 at a price of 65p per common
share.  When taken together with common shares previously disclosed in the name
Morstan Nominees Limited, TRG understands that this group of shareholders now
holds 75,655,744 common shares, which total represents 32.29% of TRG's issued
share capital.

Article 56A of the Company's Articles of Association (Takeover Provisions),
provides inter alia, that except with the consent of the Board, when any person
acquires shares (whether in a single transaction or by a series of transactions
over a period of time) which, taken together with shares held or acquired by
persons acting in concert with him carry 30% or more of the voting rights of the
Company such person ('the Offeror') shall extend an Offer, on the basis set out
in Article 56A in cash at not less than the highest price paid by the Offeror or
any person acting in concert with it in the previous twelve months.

The Board of TRG has consented to a waiver of this obligation in the present
circumstances, because it believes that any such Offer would not reflect the
current value and future prospects of the Company and accordingly would not be
in the best interests of TRG shareholders when taken as a whole.


For further information:

Len Comerford / Walter Kansteiner
Titanium Resources Group Ltd
Telephone: +44 20 7321 0000

Michael Oke / Andy Mills
Aura Financial
Telephone: +44 20 7321 0000

Nominated Adviser
John Wilkes
Nabarro Wells & Co. Limited
Telephone: +44 20 7710 7400

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