FTTN Eyes Acquisitions in Bakken Shale Arena as One Major Player Exits Stage

First Titan Corp. (OTCBB: FTTN), fresh off signing a letter of intent
(LOI) for
a West Texas property, has indicated it may be interested in
pursuing additional oil and gas leases in North Dakota’s famous Bakken
Shale region in the wake of Occidental
Petroleum’s fire sale there earlier this month.

“Our
prediction of liquidations is now coming to pass,” said FTTN CEO
Sydney Jim. “Earlier this year, we announced a
patient, far-reaching strategy to take advantage of the current
low-price environment to acquire prime, producing properties at a
discount. Occidental’s move may
open the gates for more sales as the majors race to cut costs. These
fire sales could prove quite advantageous to a small, aggressive company
like ours. We intend to take a long, hard look at what’s up for sale and
pursue properties we think will add value to our growing portfolio.”

Reports
suggest Oxy offered the leases last year at a total combined price
of $3 billion, but that now the sale price is far less - $500 million
for all.

FTTN continues to identify
promising acquisition targets and, as mentioned above, recently
signed an LOI for a property in the Cline Shale region of Texas. The
company has also attended industry
conventions to build its network of contacts and lay the groundwork
for potential future deals and partnerships.

FTTN is also currently pursuing
opportunities in Mexico and in enhanced
oil recovery.

For more information on FTTN’s oil and gas projects, please visit www.firsttitanenergy.com.

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.

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