TITANIUM SANDS LIMITED — Capital/Financing Update 2008

Feb 3, 2008

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4 February 2008

Company Announcements Office Australian Stock Exchange Limited Exchange Plaza Sherwood Court PERTH WA 6000

Dear Sir / Madam

Despatch of Prospectus and Entitlement and Acceptance Form

Please be advised that the Prospectus and Entitlement and Acceptance Form for the 1 for 3 non-renounceable entitlement issue was despatched to eligible shareholders on Friday 1 February 2008.

Yours faithfully WINDIMURRA VANADIUM LIMITED

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MATTHEW LILLY Company Secretary

Windimurra Vanadium Ltd ABN 65 009 131 533 MidWest Vanadium Pty Ltd ABN 65 113 874 712 Level 4, 76 Kings Park Road, West Perth, Western Australia 6005 Tel: +61 8 9423 1900 Fax: +61 8 9423 1999