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Titan Mining Corp (TII)

NYSE · Mining · Gold and Silver Ores

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What Titan Mining Corp does

4 STRATEGY AND OUTLOOK 4 FINANCIAL AND OPERATIONAL SUMMARY 6 HIGHLIGHTS 6 OPERATIONS REVIEW 8 EXPLORATION UPDATE 10 FINANCIAL REVIEW 13 LIQUIDITY AND CAPITAL RESOURCES 16 FINANCIAL INSTRUMENTS 21 RELATED PARTY TRANSACTIONS 22 CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING 25 NOTES TO READER 25 NON-GAAP PERFORMANCE MEASURES 39 Page 3 TITAN MINING CORPORATION Management’s Discussion and Analysis (In thousands of US Dollars, unless otherwise indicated) OUR BUSINESS Titan is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. Our shares are listed on the NYSE American (“NYSE-A”) under the symbol “TII” and on the Toronto Stock Exchange under the symbol “TI”.

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