Titan Goldworx Resources Completes Initial Public Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2012) - Titan Goldworx Resources Inc. (CNSX:TTN) (the "Company") is pleased to announce the closing of its initial public offering (the "Offering") pursuant to its prospectus dated February 28, 2012 (the "Prospectus") filed with the British Columbia, Alberta and Ontario Securities Commissions. Under the Offering, the Company issued 2,000,000 common shares of the Company (the "Shares") at a price of $0.15 per Share. Canaccord Genuity Corp. (the "Agent") acted as sole agent for the Offering.

In consideration for acting as agent, the Agent received a commission equal to 8% of the gross proceeds of the Offering, paid to the Agent in 160,000 Shares ("Agent's Shares"), agent's warrants ("Agent's Warrants") to purchase up to 8% of the Shares (the "Agent's Warrant Shares") at a price of $0.15 per Agent's Warrant Share for a period of 24 months after closing of the Offering and a corporate finance fee comprised of cash and Shares ("Corporate Finance Shares"). All of the Agent's Shares and a portion of the Corporate Finance Shares were qualified for distribution under the Prospectus. The balance of the securities issued to the Agent are subject to a four-month hold period which will expire on September 16, 2012.

The Shares have been listed and posted on the Canadian National Stock Exchange (the "CNSX") and are expected to begin trading today under the stock symbol "TTN".

The Company also granted stock options to officers and directors of the Company to purchase up to 625,000 Shares at a price of $0.15 per Share, exercisable until May 15, 2022.

The Company intends to use the proceeds from the Offering primarily for the exploration program of its Tait Property located in the Kenora Mining Division in the Province of Ontario.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

ON BEHALF OF THE BOARD

Herrick Lau, Chief Executive Officer and a Director

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Titan Goldworx Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this release include, but is not limited to, the Company's statements about its planned use for the proceeds of the Offering and the commencement of the trading of its Shares on the CNSX. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.