Titan Iron Ore Announces Consulting Agreements With Steel Industry
Marketing and Production Experts
TUCSON, AZ -- (Marketwire) -- 11/01/12 -- Titan Iron Ore Corp.
("Titan," the "Company") (OTCQB: TFER) is pleased to announce it has
entered into consulting agreements with William MacKellar and Wayne
Potocic, experts in marketing and production within the steel
Consultant William MacKellar has a Bachelors of Engineering in
Metallurgy from McGill University, thirty years of experience in
steelmaking at National Steel Corporation, and has been working as a
steel industry consultant since 1994. He will provide the Company
with his knowledge of the blast furnace steel-producing market, the
secondary electric-arc furnace (mini-mill) market, and his expertise
in iron ore, steel, and hot-rolled products, including downstream,
semi-steel products and processes.
Consultant Wayne Potocic worked for Arcelor Mittal Dofasco from 1974
to 2010 focusing on steel by-product sales throughout North America.
He holds a degree in Industrial Engineering from Ryerson
Polytechnical Institute, and is also a member of the National Slag
Association. Mr. Potocic will bring his experience with North
American steel markets and the feed requirements of blast furnace and
other steel producers.
Andrew Brodkey, CEO of Titan Iron Ore Corp., stated, "Bill
MacKellar's and Wayne Potocic's vast experience in the steel and
related industries and marketing knowhow will be vital as the Company
looks to develop its Iron Mountain property and potentially place
run-of-mine titaniferous iron ore with steel industry consumers."
About Titan Iron Ore Corp.
Titan is based in Tucson, Arizona and trades on the OTC Bulletin
Board under the trading symbol "TFER". The Company is focused on the
acquisition and development of iron ore exploration and development
mining properties located in regions that enjoy stable politics,
sound economies and friendly business environments.
On Behalf of the Board,
TITAN IRON ORE CORP.
/s/ Andrew Brodkey
Andrew A. Brodkey
President and CEO
Forward Looking Statements
This news release contains forward-looking statements. Forward
looking information in this news release include that the Company
will potentially place run-of-mine titaniferous iron ore with steel
industry consumers. There can be no certainty regarding the ability
of the Company to achieve these results. Factors which may delay or
prevent these results from coming to fruition include our inability
to raise sufficient financing, weather and access impediments;
inability of consultants to complete the exploration programs, and
that results may be substantially different than expected. As well,
results may differ as a result of geological data resulting in
changed plans for exploration, the Company's potential inability to
contract equipment and labor or finance its plans, current economic
conditions and the state of mineral exploration and mineral prices in
general. Even if results on the property are positive, the
mineralization may not be sufficiently economic for
commercialization. As a result, readers are advised not to place
undue reliance on forward-looking statements or information. The
Company does not undertake any obligation to release publicly
revisions to any "forward-looking statement," to reflect events or
circumstances after the date of this news release, or to reflect the
occurrence of unanticipated events, except as is required under
applicable securities laws. Readers should also refer to the risk
factors of junior mining exploration companies as disclosed on EDGAR
to understand the many risks facing our company.
For further information please go to the Titan Iron Ore Corp. website:
Stephen D. Axelrod, CFA or Adam Lowensteiner
Wolfe Axelrod Weinberger Associates, LLC
60 East 42nd Street, Suite 2534
New York, NY 10165
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