Titan Iron Ore Corp announce that it has delivered notice of its decision to exercise its option to purchase the Strong Creek and Iron Mountain mineral claims located in Albany County, Wyoming. The Wyoming Iron complex consists of mineral leases and unpatented mining claims aggregating approximately 683 acres and is wholly owned by Wyomex LLC a Wyoming limited liability company.

The Company has concluded its Phase I drilling program on the Strong Creek portion of the Wyoming property on December 7th, 2011. Assaying of core is currently underway and results on the 3 holes are expected shortly.

Titan announced that effective June 30 2011 it had enter into the option agreement with the exclusive right and option to acquire a 100% undivided legal and beneficial interest in the property. The purchase price is USD 7,000,000 payable over time and consists of a 4.5% gross metal value royalty, payable prior to production as a minimum advance of $62,500 every 6 months and upon commercial production from the property, a minimum of USD 150,000 per year. Once the full USD 7,000,000 has been paid to Wyomex, the GMV royalty reduces to 1.5% on metals production. The Company expects to take title to the property by entering into and closing a definitive Asset Purchase Agreement early 2012.