Core Gold Provides Initial Response to Increased Takeover Bid Terms and Shareholder Lock-Up Agreements Announced by Titan Minerals

Titan has announced that it will improve the offer by increasing the consideration in the offer to 3.1 Titan ordinary shares for each 1 (one) Core Gold common share (the "Titan Increased Offer") from the original 2.5 Titan ordinary shares (the "Titan Original Offer").