MINE DEVELOPMENT ASSOCIATES

MINE ENGINEERING SERVICES

775-856-5700 210 South Rock Blvd.

Reno, Nevada 89502

FAX: 775-856-6053

Technical Report

Titan Project

Ontario, Canada

Prepared for

November 7, 2006

Revised February 12, 2007

Ownership Revised February 26, 2010

Neil Prenn, P. Eng.

MINE DEVELOPMENT ASSOCIATES

MINE ENGINEERING SERVICES

775-856-5700 210 South Rock Blvd.

Reno, Nevada 89502

FAX: 775-856-6053

C O N T E N T S

1.0 SUMMARY .................................................................................................................................... 1

1.1 Introduction .......................................................................................................................... 1

1.2 Geology and Mineralization ................................................................................................. 1

1.3 Mineral Processing and Metallurgical Testing .................................................................... 2

1.4 Mineral Resource Estimate .................................................................................................. 2

1.5 Conclusions and Recommendations .................................................................................... 5

2.0 INTRODUCTION AND TERMS OF REFERENCE ..................................................................... 6

2.1 Introduction .......................................................................................................................... 6

2.2 Terms of Reference .............................................................................................................. 6

2.3 Definitions ............................................................................................................................ 7

3.0 RELIANCE ON OTHER EXPERTS .............................................................................................. 8

4.0 PROPERTY DESCRIPTION AND LOCATION ........................................................................... 9

4.1 Location ................................................................................................................................ 9

4.2 Land Area and Mining Property Description ....................................................................... 9

4.3 Agreements and Encumbrances ......................................................................................... 10

4.4 Environmental Liability ..................................................................................................... 10

5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND

PHYSIOGRAPHY ........................................................................................................................ 13

5.1 Access ................................................................................................................................ 13

5.2 Climate ............................................................................................................................... 13

5.3 Local Resources and Infrastructure .................................................................................... 13

5.4 Physiography ...................................................................................................................... 13

6.0 HISTORY ...................................................................................................................................... 14

6.1 Historic Resource Estimates .............................................................................................. 14

7.0 GEOLOGIC SETTING ................................................................................................................. 16

7.1 Regional Geology ............................................................................................................... 16

7.2 Property Geology ............................................................................................................... 16

8.0 DEPOSIT TYPES ......................................................................................................................... 19

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9.0 MINERALIZATION ..................................................................................................................... 20

10.0 EXPLORATION ........................................................................................................................... 21

10.1 Historic Exploration ........................................................................................................... 21

10.2 Randsburgs Exploration .................................................................................................... 22

11.0 DRILLING .................................................................................................................................... 23

12.0 SAMPLING METHOD AND APPROACH ................................................................................. 25

13.0 SAMPLE PREPARATION, ANALYSES AND SECURITY ...................................................... 27

13.1 Check Assays ..................................................................................................................... 27

13.2 Sample Statistics ................................................................................................................ 28

14.0 DATA VERIFICATION ............................................................................................................... 33

15.0 ADJACENT PROPERTIES .......................................................................................................... 34

16.0 MINERAL PROCESSING AND METALLURGICAL TESTING ............................................. 35

17.0 MINERAL RESOURCE ESTIMATE .......................................................................................... 37

17.1 Specific Gravity ................................................................................................................. 37

17.2 Resource Estimate .............................................................................................................. 37

18.0 OTHER RELEVANT DATA AND INFORMATION ................................................................. 43

19.0 INTERPRETATION AND CONCLUSIONS .............................................................................. 44

20.0 RECOMMENDATIONS .............................................................................................................. 45

21.0 REFERENCES .............................................................................................................................. 46

22.0 CERTIFICATE OF AUTHOR ...................................................................................................... 48

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T A B L E S

Table 1.1 Randsburg Drilling Summary .................................................................................................... 2

Table 1.2 Titan Inferred Resource ............................................................................................................. 4

Table 6.1 Historic Indicated and Inferred Resource Estimate ............................................................. 15

Table 11.1 Randsburg Drilling Summary ................................................................................................. 23

Table 11.2 Extent of Drilling ..................................................................................................................... 23

Table 12.1 Mineralized Intervals ............................................................................................................... 25

Table 13.1 Metallurgical Test Composite vs Drill Hole Analysis ............................................................ 27

Table 13.2 Drill Hole Statistics ................................................................................................................. 28

Table 16.1 Altairnano Metallurgical Test Composites .............................................................................. 35

Table 17.1 Density Testing of Mineralized Materials ............................................................................... 37

Table 17.2 Statistics of Materials Inside and Outside the Mineralized Zones .......................................... 39

Table 17.3 Titan Inferred Resource ........................................................................................................... 42

F I G U R E S

Figure 4.1 Location of the Titan Project .................................................................................................. 11

Figure 4.2 Claims of the Titan Property with Location of Inferred Resource ......................................... 12

Figure 7.1 Regional Geology .............................