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Iran Oil Spike Emboldens FTTN's U.S. Drilling Plans

Gen. Ataollah Salehi, Iran's army chief, warned an American aircraft carrier not to return to the Persian Gulf this morning. The tough talk is the latest drama in Iran's feud with the U.S. over new sanctions that have sparked rising oil prices. After the threat was issued, oil prices jumped nearly 3 percent today before easing to $101.07 a barrel, up 2.3 percent.

This political flap is a prime example of why oil companies large and small are increasingly seeking new supplies in stable, developed nations like the U.S., said FTTN CEO Robert Federowicz.

"The more crude that's produced in the U.S., the less likely it is that Middle Eastern politics can trigger these supply fears that drive up oil prices," he said. "There is far less risk in producing oil in the U.S. than in geopolitical hotspots like the Middle East, Venezuela and Russia."

Political tensions, especially in the Middle East, could continue to increase the profitability of U.S. drilling by keeping oil prices trending upward. Many analysts say that crude oil will rise for the fourth year in a row to a new record average price in 2012.

"Global demand for hydrocarbons continues to grow," Federowicz said. "First Titan is working diligently to help meet that demand with resources produced here in the U.S. There has never been a better time to expand into the oil and gas industry."

First Titan is working to develop new energy solutions to compete in a booming global industry alongside Continental Resources, Inc. (NYSE: CLR), Chesapeake Energy Corp. (NYSE: CHK), SandRidge Energy Inc. (NYSE: SD) and Ultra Petroleum Corp. (NYSE: UPL).

For more information on FTTN's unconventional resources initiative, please visit www.firsttitanenergy.com/investors.

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.

For more information about First Titan Energy, please visit www.firsttitanenergy.com. Follow us on Twitter at www.twitter.com/firsttitancorp.

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.

First Titan Corporation
Robert Federowicz, 941-753-4889
President and CEO
info@firsttitancorp.com