Ann: Company Update, page-2

We're still alive..
" • Intends to make formal offer to acquire 100% of Canadian-based, Ecuador-focussed Core Gold Inc.
(TSXV: CGLD)
• Compelling strategic rationale for merger, to create an emerging Latin American focused gold
explorer, developer and producer, with a large portfolio in Ecuador and Peru, as well as a
substantially stronger balance sheet
• Offer to include 2.5 fully paid ordinary shares of Titan for each Core Gold common share held,
valuing Core Gold shares at CAD$0.422 – a 164% premium to the Core Gold closing price on 13
September 2019
• This intended offer is on improved terms than the previous plan of arrangement proposal
• Titan has acquired all of Core Gold’s secured debt in the principal amount of US$2.5 million in order
to ensure the long term success of the Core Gold assets