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Titan Oil & Gas Announces Completion of Reserve Assessment for Leaman Property


December 22, 2011 - LAS VEGAS, NV

Titan Oil and Gas Inc. (OTCBB: TNGS) is pleased to report the completion of a reserves assessment and evaluation of its Leaman property located in Alberta, Canada.

Titan commissioned Alberta based GLJ Petroleum Consultants to prepare an independent evaluation of its oil and gas reserves effective of March 31, 2011. The evaluation was initiated in July 2011 and completed in November 2011.

The complete evaluation can be found on Titan's website at www.titanoilinc.com.

Titan Oil & Gas, Inc. (OTCBB: TNGS) is a producing US-based company aggressively exploring and acquiring land in key petroleum-producing regions of Alberta. Its projects are located in areas of excellent infrastructure and high drilling activity, and the company plans on using the most current and proven cost effective technologies to generate long-term reserves and production while maximizing shareholder value. For more information on Titan Oil & Gas, please visit http://www.titanoilinc.com.

This presentation includes certain "forward-looking statements" within the meaning of applicable securities legislation. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained herein due to changes in economic, business, competitive and/or regulatory factors.

Titan Oil & Gas Inc. is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. The Reader is cautioned not to place reliance on forward-looking statements.

The information set forth in this document contains "forward-looking statements." Statements in this document, which are not purely historical, are forward-looking and include statements regarding beliefs, plans, expectations or intentions regarding the future. Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as "estimate," "anticipate," "believe," "plan," "intend," "expect," "may" or "should" or similar statements are forward-looking statements. Risks and uncertainties for the Company include, but are not limited to, the risks associated with the impact of general economic conditions in countries in which the Company conducts business, the impact of competitive products and pricing, product demand and market acceptance, new product development, the continuation and development of key customer and supplier relationships, and the availability of high quality, qualified personnel and management. Other risks include but are not limited to factors affecting development and expansion activities generally including access to capital to meet all of the Company's financial requirements, and the Company's ability to control costs. There can be no assurance that the Company's efforts will succeed and the Company will ultimately achieve sustained commercial success. These forward looking statements are made as of the date of this document, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this document are reasonable, there can be no assurance those beliefs, plans, intentions will be accurate. The information contained in this document has been prepared by management of the Company who takes full responsibility for its contents. This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company in any jurisdiction.

Contact:

Investor Relations
702-562-4315
info@titanoilinc.com
www.titanoilinc.com

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