TITANIUM SANDS LIMITED — Board/Management Information 2008

Mar 6, 2008

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ASX / MEDIA ANNOUNCEMENT

7 March 2008

Windimurra appoints new Chairman

Windimurra Vanadium (ASX:WVL) is pleased to advise that Dr Wolf Martinick as been unanimously elected Chairman of the Board of Directors, effective immediately. Dr Martinick has been a non-executive director of Windimurra Vanadium since December 2006. He assumes the role following the resignation last week of the previous Chairman, Michael Kiernan.

Dr Martinick is an environmental scientist with more than 35 years experience in the mineral resource industry. He has been closely involved with mineral exploration and mining projects in Australasia, Africa, China, India, Eastern Europe, Mexico and parts of the former Soviet Union.

Windimurra Vanadium Managing Director Dr Iain Scott said the Board was united in its view that Dr Martinick was eminently qualified to assume the role of Chairman.

“Dr Martinick has considerable experience in securing approvals and funding for developing mineral projects, and as a non-executive director this experience has already been highly valuable in the development of the Windimurra project,” he said.

“The Board believes Dr Martinick is an appropriate successor for the position of Chairman, as we now move the Windimurra project into production in the last quarter of the year,” Dr Scott said.

Dr Martinick’s has extensive experience at Board level. He is a non-executive director of a number of ASX companies including Azure Minerals Ltd; Carbine Resources Limited; Sun Resources Limited; Uran Limited; and is Chairman of Ezenet Limited. He is also the founding director Chairman of Weatherly International Limited, an AIM listed mining house with extensive copper exploration, mining and smelting interests in Namibia and Zambia. He has established good relationships with many financial institutions, especially in the UK. His professional background is in the area of environmental management with particular experience in project development, water management, land access and liaison with indigenous people. He has participated in due diligence studies on mining projects around the world on behalf of international financial institutions and mineral resource companies for listings on international stock exchanges, mergers and debt financing.

Following his appointment, Dr Martinick advised that the Board of Windimurra had commenced recruiting additional independent directors to the Board. He said: “As part of its ongoing review and development process, the Board will consider the skills and expertise that are required for the Board and make appointments in due course”.

“With all principal environmental approvals secured, key supply contracts, including gas, in place, the ten year, $300 million contract to build, own, operate and transfer the beneficiation plant underway, and project financing complete, our focus is commissioning production on time and on budget,” Dr Martinick said.

For further enquiries call:

Dr Iain Scott Managing Director Tel: +61 (0) 8 9423 1900

Ryan McKinlay

Purple Communications Tel +61 (0) 89485 1254

Windimurra Vanadium Limited Level 4, 76 Kings Park Road, West Perth, Western Australia, 6005

Telephone: +61(8) 9423 1900 Website: www.windimurra.com.au

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Background

Windimurra Vanadium Limited (WVL), previously Precious Metals Australia, is a mining company based in Perth, Western Australia and is listed on the Australian Stock Exchange (ASX:WVL). The Company’s focus is the development of the Windimurra Vanadium Mine, located 600km north east of Perth in WA’s Mid-West region.

WVL 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 in 1985, Windimurra contains one of the largest reported proven vanadium Ore Reserves in the world with current mineable reserves of 79.0 million tonnes at a bulk grade of 0.47% V205 (vanadium pentoxide), which will underpin an initial mine life of 20 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 originally built by the Company with a joint venture partner in 1999, and, whilst operating, was the world’s largest primary vanadium mine, gaining 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 commissioned by WVL 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.windimurra.com.au

Windimurra Vanadium Limited Level 4, 76 Kings Park Road, West Perth, Western Australia, 6005

Telephone: +61(8) 9423 1900 Website: www.windimurra.com.au