TITANIUM SANDS LIMITED — Capital/Financing Update 2020

Nov 15, 2020

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ASX RELEASE

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16 November 2020

TITANIUM SANDS LIMITED ACN 009 131 533

Level 11, London House 216 St. Georges Terrace Perth Western Australia 6000 Tel: +61 (08) 9481 0389 Facsimile: +61 (08) 9463 6103 Website http://titaniumsands.com.au

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Contact:

Dr James Searle Managing Director james.searle@titaniumsands.com.au

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Directors

Lee Christensen Dr James Searle Jason Ferris

Ticket ASX: TSL

RESULTS OF SHARE PURCHASE PLAN

The Board of Titanium Sands Limited (“ Company ”) today announces the results of the Company’s Share Purchase Plan (SPP), pursuant to the Prospectus lodged with the ASIC and ASX on 21 October 2020 (Prospectus), which closed on 10 November 2020.

The SPP received applications from existing eligible shareholders of $167,000 being 3,795,447 new shares (SPP Shares) at an issue price of $0.044 per share. The subscribers to the SPP will also receive 1 free attaching option, exercisable at $0.10 and expiring on 17 November 2023 for every 2 SPP Shares subscribed, being 1,897,722 options (SPP Attaching Options). The SPP Shares and SPP Attaching Options will be issued in accordance with the Prospectus, expected to be on or about 17 November 2020.

The Company does not presently intend to place the shortfall under the SPP and will apply funds received under the SPP towards the Company’s Mannar Island Project with a particular focus on the drilling programs with the aim of increasing and converting additional resources from the inferred resource to a greater category indicated resource and to undertake feasibility studies, environmental and social/economic impact studies and progress mining lease applications.

The Company advises that it will also issue 25,000,000 free attaching options to investors that participated in the Placement completed on 30 September 2020 and 40,000,000 options at an issue price of $0.00001 per option to CPS Capital Group Pty Ltd (and/or their nominee) as announced on 22 September 2020. These Options will be exercisable at $0.10 and expire on 17 November 2023 and will be issued pursuant to the Prospectus, expected to be on or about 17 November 2020.

The Board of Directors of Titanium Sands Ltd authorised this announcement to be given to ASX.

Further information contact: James Searle Managing Director T: +61 8 9481 0389 E: james.searle@titaniumsands.com.au