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Mexico Increasingly Attractive Option for FTTN as Country Seeks Outside Investment

LAS VEGAS, NV / ACCESSWIRE / April 4, 2016 / First Titan Corp. (OTCQB: FTTN) continues casting its eye southward in search of new revenue streams. And those southward glances are becoming more intense following news that Mexican state oil company Pemex is having to cut oil and gas investments, opening the possibilities for additional investments by U.S. firms to make up declining production.

Pemex will cut or defer $3.6 billion from its budget in an effort to stem losses from falling oil prices and declining revenue from slacking production. However, the cuts may force Mexico to further open its oil and gas sector to outside participation and investment to make up the large shortfall. The country has held several lease auctions open to foreign firms and plans another for later this year.

“Mexico’s oil sector needs help, so much help that they’ve actually started to import American oil,” said FTTN CEO Sydney Jim. “While that’s ironic for them, it’s a terrific opportunity for us to get in on the ground floor of what could be the next oil and gas boom when a recovery happens. We intend to look for other willing companies to join us in a number of ventures in Mexico and if successful, we expect this to produce strong revenues and place us in an enviable future market position.”

FTTN is building a competitive portfolio of oil and gas properties alongside companies such as Lucas Energy, Inc. (LEI), Earthstone Energy, Inc. (ESTE), Fieldpoint Petroleum Corp. (FPP) and Evolution Petroleum Corp. (EPM).

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.

Contact:
First Titan Corporation
Sydney Jim, 702-448-8148
President and CEO
info@firsttitanenergy.com

Source: First Titan Corporation

ReleaseID: 438398

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