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Titanium Resources (SRX)

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Tuesday 30 October, 2007

Titanium Resources

Exercise of Share Options

Titanium Resources Group Ltd
30 October 2007

30 October 2007

                            Titanium Resources Group

                           Exercise of Share Options

The Board of Titanium Resources Group Ltd ('TRG' or 'the Company') announces
that on 30 October 2007 it issued 52,531 common shares following the receipt of
notification for the exercise of options by NWCF LLP.

These options were granted pursuant to an agreement entered into between the
Company and its nominated adviser, as disclosed in the Company's Admission

Application has been made for these common shares to be admitted to trading on
AIM. These shares will rank pari passu with the existing common shares in the
Company.  Trading of these shares on AIM is expected to commence on 5 November

Including these shares, the total number of common shares in issue as of 30
October 2007 will be 234,331,084.


For further information:

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

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

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

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