FTTN Explores Mergers & Acquisitions as a New Expansion Strategy

FTTN Explores Mergers & Acquisitions as a New Expansion Strategy

BRADENTON, Fla.--(BUSINESS WIRE)-- With two new oil wells scheduled to begin producing in the coming weeks, 2013 is set to be a year of major growth for First Titan Corp. (OTCBB: FTTN). The company announced today that it is now pursuing new asset acquisitions and corporate mergers to facilitate additional expansion this spring.

"While we continue to build our oil and gas asset base, we are evaluating ancillary assets such as transportation infrastructure, marketing platforms and technological innovations that would further compliment the FTTN portfolio," said CEO Harvey S. Bryant. "We're particularly interested in working with individuals and companies who own oil and gas assets who would benefit from our development assistance and access to the public markets."

First Titan is currently evaluating several oil and gas asset acquisitions in Texas as potential additions to the working interests that FTTN currently owns. Drilling preparations are now underway at the company's lease near South Lake Charles, La., and its horizontal well prospect in Logan County, Okla., is rigged up and ready for completion. FTTN expects to dramatically increase its deal activity in the coming weeks as these projects begin to pay off for the company.

FTTN is dedicated to continuing development of energy assets throughout the country, alongside companies such as Continental Resources, Inc. (NYS: CLR) , Chesapeake Energy Corp. (NYS: CHK) , SandRidge Energy Inc. (NYS: SD) and Ultra Petroleum Corp. (NYS: UPL) .

For more information on FTTN's oil and gas projects, please visit www.firsttitanenergy.com/investors.html.

About First Titan Corp.

First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.

For more information about First Titan Energy, please visit www.firsttitanenergy.com. Follow us on Twitter at www.twitter.com/firsttitancorp.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

First Titan Corporation
Harvey S. Bryant, 850-269-7267
President and CEO

KEYWORDS: United States North America Florida


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