FTTN’s Alabama Oil Well to Begin Drilling Next Week

First Titan Corp. (OTCBB: FTTN) announced today that a drilling rig is being moved to its Alabama oil well this weekend.

In March, FTTN announced the purchase of a working interest in a well in the Little Cedar Creek Field, Alabama’s largest producing oil field. Now, the location has been permitted and built. The water well has been drilled. Rigging up is all that remains before the well can be spudded.

The drilling site is surrounded by eight producing oil wells, leading to high expectations for the new project. Current reserve estimates range from 400,000 to 800,000 barrels of oil.

FTTN is aggressively pursuing potentially lucrative oil and gas assets along the Gulf Coast. The company also owns interests in promising wells in Texas and Louisiana.

First Titan is working to develop new energy solutions to compete in a booming global industry alongside Chesapeake Energy Corp. (NYSE: CHK), Anadarko Petroleum Corp. (NYSE: APC), SandRidge Energy Inc. (NYSE: SD) and Apache Corp. (NYSE: APA).

For more information on FTTN’s unconventional resources initiative, please visit www.firsttitanenergy.com/investors.

About First Titan Corp.

First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.

For more information about First Titan Energy, please visit www.firsttitanenergy.com. Follow us on Twitter at www.twitter.com/firsttitancorp.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contacts:

First Titan Corporation
Robert Federowicz, 941-753-4889
President and CEO
info@firsttitancorp.com
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