TUCSON, Ariz., June 22, 2012 (GLOBE NEWSWIRE) -- Titan Iron Ore Corp. ("Titan") (OTCBB:TFER) today announced, that it has granted incentive stock options to acquire up to 800,000 common shares of Titan to Andrew Brodkey, President and CEO of Titan. This grant forms part of the remuneration package outlined in Mr. Brodkey's employment agreement. Titan also issued 200,000 options to Ronald Richman a director of Titan. These stock options were granted pursuant to the terms of the Titan's stock option plan and are exercisable at $0.20 per share for a period of ten years.
About Titan Iron Ore Corp.
Titan is based in Tucson, Arizona and trades on the OTC Bulletin Board under the trading symbol "TFER". Titan is focused on the acquisition and development of iron ore exploration and development mining properties located in regions that enjoy stable politics, sound economies and friendly business environments. Currently Titan has exercised its option to acquire the Wyomex Iron Complex project in Albany County, Wyoming, USA.
On Behalf of the Board,
TITAN IRON ORE CORP.
/s/ Andrew Brodkey
Andrew A. Brodkey
President and CEO