FTTN: Lifting Oil Export Ban Could Give Boom for Smaller Producers

First Titan Corp. (OTCBB:FTTN) believes the recent U.S. House of
Representatives vote to
lift the longstanding ban of exports of American crude oil could
prove quite beneficial for smaller producers like itself. The company is
now intently tracking the legislative scene in Washington and making
appropriate strategic plans should the Senate follow the House’s lead
and send a final bill to President Obama.

The U.S. banned oil exports 40 years ago during the height of the 1970s
oil crisis. The goal was to protect the domestic economy and aid the
national push for energy independence. However, with oil prices low and
independence nearly achieved, many in the industry and in the political
world believe
the ban has outlived its usefulness.

Instead of helping the economy, businesses and consumers, the
ban is actually hurting all three. One leading economist has
predicted lifting the ban will
make the market more efficient while another analyst says the ban
discourages investments.

“Lifting the ban would greatly help smaller companies like ours because
it would give us an expanded marketplace for our oil,” said FTTN CEO
Sydney Jim. “Right now, we’re limited in what we can do. With the ban
gone, we could easily move oil to places more willing to pay a fair
price. Free trade is always good business. The domestic oil and gas
industry needs this legislation – it would go a long way to easing the
current slump and making us more competitive, as well as greatly aiding
our revenue stream.”

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.

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.

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