• Titan to combine with Core Gold by way of a Canadian court-approved plan of arrangement
with Titan remaining the group parent company
• Creates an emerging Latin America focused gold explorer, developer and producer with a
large gold portfolio in Ecuador and Peru:
o Measured: 437koz Au (2.9Mt @ 4.7g/t gold), Indicated: 585koz Au (4.0Mt @ 4.6g/t gold)
and Inferred: 1.1Moz Au (7.8Mt @ 4.4g/t gold) at the Dynasty Goldfield project in
Ecuador, reported in accordance with the existing Canadian NI 43-101 Technical Report
o Current gold production in Ecuador and Peru with substantial near-term development
potential
o Portfolio of highly prospective exploration projects across Ecuador and Peru
• Minimum A$20 million equity financing to be completed by Titan at closing and commitment
by Titan to provide a binding term sheet at closing for US$10 million additional financing
• Well-funded pro-forma cash position of approximately C$25 million (A$27 million) and
existing cash flow generation to support continued project development and exploration
• Proven management and operating teams with significant experience in Latin America, to
be led by new CEO and Managing Director Laurence Marsland
• Combined Board of Directors comprising experienced mining professionals with a proven
track record of maximising value for shareholders
• Unanimous support by the Board of Directors of both Titan and Core Gold
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