Titan Oil and Gas Signs Green Project Acquisition Agreement Following Release of...

Titan Oil and Gas Signs Green Project Acquisition Agreement Following Release of Business Plan

Titan Has Signed an Acquisition Agreement for a Green Project
Which is Subject to the Pending Proxy Vote
AUSTIN, Texas--(Business Wire)--
Titan Oil and Gas, Inc. (Pink Sheets:TNOG) has signed an
acquisition agreement for an operational revenue-generating
closed-loop green project in the Pacific Northwest. Due to the nature
of the agreement, Titan will not be able to release extensive detail
or the name of the Company until the proxy has been approved. The
acquisition will include a merger into a Titan majority-owned
subsidiary (subject to acquisition) whereas additional working capital
will be raised.

The acquisition will include city contracts for delivery of bio
solids, several real estate properties where the nonpetroleum
fertilizer (bio solids) will be deposited, a trucking company which
currently has the city contracts to transport the bio solids, the
energy crops that were just harvested including Camelina which has
been contracted by British Petroleum (NYSE:BP), and the installation
of up to 138 wind mills on one of the properties to join the wind farm
already housed in the Columbia River Gorge. Assets currently booked by
the Company prior to the acquisition of the Trucking Company exceed
$1.7 M.

The release of Titan's revised business plan reflects its focus on
sustainable expansion regarding oil and gas as well as environmentally
friendly renewable projects. The plan's release was timed to coincide
with finalizing the letter of intent regarding this environmentally
friendly income-producing project. The project will need a final
positive vote for the creation of the preferred shares so that the
final terms of the agreement can be met by Titan Oil and Gas. The plan
describes the need for an expansion of authorized capital so that
Titan can follow through with this renewable energy project.

Business Plan Link:
http://www.titanoilandgas.com/docs/TNOG-Business-Plan-8-21-08.pdf

We will soon be making available the proxy to all of our
stockholders. The weight of your proxy will depend on the amount of
shares you hold as of the record date, 09/15/08. The proxy will be
made available on the homepage, www.titanoilandgas.com. If you have
any questions regarding the proxy or need to provide your contact info
to receive the proxy, please do not hesitate to contact management for
any clarifications.

ABOUT TITAN OIL AND GAS, INC.

Titan is an energy company with interests in oil and gas
development, drilling and production. Titan follows an aggressive
business model, focusing on redevelopment of oil and gas fields with a
history of production and, also, exploration of green projects and
businesses such as biodiesel and wind power. For further information
about Titan Oil and Gas, please visit our website at
http://www.TitanOilandGas.com or blog at
http://www.TitanOilandGas.com/wordpress.

Certain information included in this communication (as well as
information included in oral statements or other written statements
made, or to be made, by Titan Oil and Gas, Inc.) contains statements
that are forward-looking, such as statements relating to the future
anticipated direction of the Oil and Gas Industry, plans for
expansion, various business development activities, planned capital
expenditures, future funding resources, anticipated sales growth and
potential contracts. These forward-looking statements are subject to a
number of known and unknown risks and uncertainties that could cause
actual operations or results to differ materially from those
anticipated. Please read the full disclaimer here:
http://www.TitanOilandGas.com/disclaimer.

Titan Oil and Gas, Inc.
Brandon Toth, President, 1-888-831-TNOG (8664)
International: 512-897-1813
Info@TitanOilandGas.com
http://www.TitanOilandGas.com
Blog: http://www.TitanOilandGas.com/wordpress

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