Notice of Substantial Shareholding

29 September 2009: Titanium Resources Group Ltd (the “Company”) was notified on 28 September 2009 that Leopard Titanium Limited has purchased a total of 950,000 ordinary shares in the Company (“Shares”), as set out below.  As a result Leopard Titanium Limited now owns 26,477,856 Shares representing 11.30% of the Company's total issued share capital.  Leopard Titanium Limited is a company registered in the British Virgin Islands in which Mr. Jean-Raymond Boulle is the sole shareholder and sole director. As previously disclosed, Mr. Boulle also directly owns a further 114,981,497 ordinary shares representing 48.79% of the Company's total issued share capital.

 As a result Mr. Boulle’s total direct and indirect shareholding in the Company is 141,459,353 ordinary shares representing 60.09% of the Company’s total issued share capital.

 Date                               Shares purchased               Price

21 Sept 2009                   100,000                                 7.75p

22 Sept 2009                    50,000                                  8.00p

24 Sept 2009                   600,000                                 7.90p

28 Sept 2009                    200,000                                8.20p

For further information:

Titanium Resources Limited

John Sisay, Chief Executive

Walter Kansteiner, Non-executive Chairman

Tel: +44 (0) 207 321 0000

Arbuthnot Securities

Nominated Adviser & Broker

John Prior

Tel: +44 (0) 20 7012 2000

Aura Financial

Michael Oke / Andy Mills

Tel: +44 (0) 207 321 0000