TUCSON, AZ--(Marketwire - Nov 1, 2012) - Titan Iron Ore Corp. ("Titan," the "Company") (
Consultant William MacKellar has a Bachelors of Engineering in Metallurgy from McGill University, thirty years of experience in steelmaking at National Steel Corporation, and has been working as a steel industry consultant since 1994. He will provide the Company with his knowledge of the blast furnace steel-producing market, the secondary electric-arc furnace (mini-mill) market, and his expertise in iron ore, steel, and hot-rolled products, including downstream, semi-steel products and processes.
Consultant Wayne Potocic worked for Arcelor Mittal Dofasco from 1974 to 2010 focusing on steel by-product sales throughout North America. He holds a degree in Industrial Engineering from Ryerson Polytechnical Institute, and is also a member of the National Slag Association. Mr. Potocic will bring his experience with North American steel markets and the feed requirements of blast furnace and other steel producers.
Andrew Brodkey, CEO of Titan Iron Ore Corp., stated, "Bill MacKellar's and Wayne Potocic's vast experience in the steel and related industries and marketing knowhow will be vital as the Company looks to develop its Iron Mountain property and potentially place run-of-mine titaniferous iron ore with steel industry consumers."
About Titan Iron Ore Corp.
Titan is based in Tucson, Arizona and trades on the OTC Bulletin Board under the trading symbol "TFER". The Company is focused on the acquisition and development of iron ore exploration and development mining properties located in regions that enjoy stable politics, sound economies and friendly business environments.
On Behalf of the Board,
TITAN IRON ORE CORP.
/s/ Andrew Brodkey
Andrew A. Brodkey
President and CEO
Forward Looking Statements
This news release contains forward-looking statements. Forward looking information in this news release include that the Company will potentially place run-of-mine titaniferous iron ore with steel industry consumers. There can be no certainty regarding the ability of the Company to achieve these results. Factors which may delay or prevent these results from coming to fruition include our inability to raise sufficient financing, weather and access impediments; inability of consultants to complete the exploration programs, and that results may be substantially different than expected. As well, results may differ as a result of geological data resulting in changed plans for exploration, the Company's potential inability to contract equipment and labor or finance its plans, current economic conditions and the state of mineral exploration and mineral prices in general. Even if results on the property are positive, the mineralization may not be sufficiently economic for commercialization. As a result, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws. Readers should also refer to the risk factors of junior mining exploration companies as disclosed on EDGAR to understand the many risks facing our company.