Insurance Update

 

TIDMTXR 
 
RNS Number : 4194H 
Titanium Resources Group Ltd 
19 February 2010 
 

                            Titanium Resources Group 
                                Insurance Update 
19 February 2010: Titanium Resources Group Ltd ("TRG" or "the Company") 
announces a further update with regard to TRG and its subsidiary Sierra Rutile 
Limited's ("SRL") legal action against insurers over its outstanding claims 
relating to the capsize of Dredge D2. 
 Further to the Company's announcement on 24 December 2009, and due to 
procedural developments since then affecting the pre-trial timetable, the timing 
of the Court directed mediation between the Company and its insurers will be 
further delayed by approximately four weeks. It is now expected that the 
mediation will take place by the end of March 2010. The date set down for the 
trial is unchanged. 
The Company is not aware of any reason to consider that this procedural 
adjustment will have an impact upon the likely outcome of the case. 
                                      ENDS 
For further information: 
 
Titanium Resources Limited 
John Sisay, Chief Executive 
Walter Kansteiner, Non-executive Chairman 
Tel: [phone] 
 
Arbuthnot Securities 
Nominated Adviser & Broker 
John Prior  / Ed Burbidge 
Tel: [phone] 
 
Aura Financial 
Michael Oke / Andy Mills 
Tel: [phone] 
 
Titanium Resources Group 
Titanium Resources Group operates the Sierra Rutile mine in the Republic of 
Sierra Leone, through its subsidiary Sierra Rutile Limited. The Group is the 
country's largest private sector employer and produces rutile and ilmenite for 
use in industrial applications. The Group's operations historically accounted 
for over 65 per cent of the exports of Sierra Leone. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCLLFEVFAIALII