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 September 24, 2015 - 5:00 AM EDT
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Upcoming Mexican Oil Auctions Offer FTTN Possible Growth Opportunities

First Titan Corp. (OTCBB:FTTN) is intently watching the buildup for next week’s Mexican oil lease auction and is carefully weighing its options to join future rounds should September’s bidding process go more smoothly than the first auction last summer.

In July, Mexico put 14 offshore lease parcels up for auction. However, the results were disappointing as only two fields were awarded in surprisingly light bidding, causing the process to fall well short of its announced goal. As a result, Mexico has revisited the auction rules in an effort to pique international interest in outside participation in its struggling energy industry. These new rules have convinced companies like FTTN to give the process another look.

“The perception around the industry was that Mexico wasn’t as interested in reform as it had led everyone to believe,” said FTTN CEO Sydney Jim. “That hurt the bidding and kept companies away. With these new rule changes, the country now may be on the right track and we’ll be eagerly watching as we are considering taking part in future auctions. Mexico offers substantial growth and revenue potential not currently possible in the U.S. Should the September 30 bidding prove more successful, it would certainly raise our interest level.”

FTTN has been busy scouting potential asset acquisitions, both in the United States and in Mexico’s reforming energy sector. The company is also pursuing business opportunities in enhanced oil recovery, which also offers possibilities on either side of the border.

For more information on FTTN’s oil and gas projects, please visit

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.

First Titan Corporation
Sydney Jim, 702-448-8148
President and CEO

Source: Business Wire (September 24, 2015 - 5:00 AM EDT)

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