Shareholder Resolutions (6958Z)

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RNS Number : 6958Z

Titanium Resources Group Ltd

19 January 2011

Titanium Resources Group Limited

Shareholder Resolutions

19 January 2011: Titanium Resources Group ("TRG") is pleased to announce that, further to the announcement of 13 January 2011, it can confirm it has received valid Written Resolutions from a requisite majority of the Shares held by the Company's Independent Shareholders consenting to Pala Investments Holdings Ltd's ("Pala") acquisition of Leopard Titanium Limited's entire holding of 31,459,856 Ordinary Shares ("Shares") in TRG (the "Acquisition") without Pala being required to make an offer to the other holders of issued shares in TRG pursuant to Article 56A of TRG's Articles of Association.

As a result, the Written Resolutions have become effective and Pala Investments Holdings Ltd ("Pala") is not required to make an offer pursuant to Article 56A of TRG's Articles of Association to the other holders of issued Shares.

Commenting on the Acquisition, John Sisay, Chief Executive Officer of TRG, said,

"TRG is pleased to welcome Pala's continuing support for TRG. TRG is also pleased that the Written Resolution and Acquisition were so strongly supported by TRG's other shareholders as we believe this is representative of broad shareholder support for the current strategy of TRG."

A copy of the Written Resolutions is being sent to shareholders and is available on the Company's website.

ENDS

For further information:

Titanium Resources Group

John Sisay, Chief Executive Officer

Telephone: [phone]

Arbuthnot Securities

Nominated Advisor & Broker

Hugh Field / Richard Johnson

Telephone: [phone]

Aura Financial

Michael Oke / Andy Mills

Telephone: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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