TITANIUM SANDS LIMITED — Board/Management Information 2007

Jun 20, 2007

MEDIA RELEASE

21 June 2007

PMA BOARD AND MANAGEMENT CHANGES

Precious Metals Australia (ASX:PMA) has announced a number of Board and management changes as it moves toward production at its world-class Windimurra vanadium mine, under development 600km north east of Perth.

Effective today, Iain Scott will assume the role of Managing Director, as announced in April, from founding PMA Managing Director Roderick Smith, who will remain as a Non-Executive Director.

Additional changes include the appointment of Andrew Simpson to the position of Non-Executive Director Marketing, and the stepping down of Non-Executive Director Michael Fry after three years in the position.

Mr Simpson brings to the Board considerable international marketing experience within the resources sector, as Chairman of Swick Mining Services, Non-Executive Director of Consolidated Minerals Limited, Vital Metals Limited and India Resources Limited.

PMA Chairman Michael Kiernan said the Board and management team remained focussed on moving towards production at the Windimurra mine.

"Both Roderick and Michael have made strong contributions to PMA, driving the rebuilding of the Windimurra mine and taking it to the brink of production," Mr Kiernan said.

"As we advance the Windimurra project to the marketing phase, the addition of a Non-Executive Marketing Director on the Board will be a major asset."

The reorganisation has been welcomed by Noble Group Limited, which has a 10% interest in the Windimurra project.

PMA is currently redeveloping the Windimurra mine, with first production in mid-2008. The mine is expected to produce 6,200 tonnes per annum of ferrovanadium, which will represent approximately 8% of the world market.

For Further enquiries call: Michael Kiernan Chairman Tel: +61 (0) 8 9324 7000 Mob: 0418 904 165

Ryan McKinlay Purple Communications Tel +61 (0) 89485 1254 Mob: 0408 347 282

Background

Precious Metals Australia (PMA) is a ferro-alloys company based in Perth. Western Australia and is listed on the Australian Stock Exchange (ASX:PMA). PMA's focus is the development of the Windimurra Vanadium Mine, located 600km north east of Perth in WA's Mid-West region.

PMA has a strategic alliance and off-take agreement with leading global supply chain manager, Noble Group Limited, based in Hong Kong. Noble has agreed to purchase the total vanadium output of the Windimurra mine, at prevailing market prices for the life of the mine.

Originally discovered by PMA in 1985, Windimurra contained the largest reported proven vanadium Ore Reserve in the world with current mineable reserves of 98.2 million tonnes at a bulk grade of 0.40% V205 (vanadium pentoxide), which will underpin an initial mine life of 25 years at the proposed mining rate of 3.9mtpa. A total of 148 million tonnes of resources have been modelled at a bulk grade of 0.46%.

The Windimurra mine was built by PMA with a joint venture partner in 1999, and, whilst operating, was the world's largest primary vanadium mine, and gained recognition as one of the highest-quality sources of vanadium in the world market.

Since 2003, world demand for vanadium and the price of the commodity have increased strongly, largely driven by growth in Chinese steel production. Marketing studies commission by PMA forecast that vanadium demand will continue to increase through 2015 at a compound annual growth rate of 7.8%.

For more information, please visit www.pmal.com.au