LETTER FROM THE CHAIRMAN 29 March 2018 Dear Investor On behalf...

LETTER FROM THE CHAIRMAN

29 March 2018 Dear Investor

On behalf of the board of directors of Titanium Sands Limited (“Company”), I am pleased to present this Prospectus to you.
The Company has entered into an option agreement under which it has obtained the sole and exclusive option to acquire 100% of the issued share capital of Srinel Holdings Limited (“Proposed Acquisition”). Completion of the Proposed Acquisition will see the Company move away from its previous activities as a mineral exploration company in Western Australia to become a heavy mineral sands exploration company in Sri Lanka. The Proposed Acquisition was approved by Shareholders at the Company’s Annual General Meeting on 24 January 2018.

Srinel is an unlisted company registered in Mauritius which, via its subsidiaries, holds exploration licenses and applications for exploration licenses in various coastal districts of Sri Lanka that are prospective for mineral sands. Further details on the Sri Lankan Project are set out in section 3.3, the Independent Geologist’s Report in section 6, and the Legal Tenement Report in section 7.
In order to complete the Proposed Acquisition and fund further exploration and scoping studies in relation to the Sri Lankan Projects, the Company is undertaking an offer of Shares to the public under this Prospectus to raise $6,000,000 before costs. The Public Offer is made subject to the conditions set out in section 1.3.

Funds raised under the Public Offer will be used to fund exploration on the Sri Lankan Project and fund general working capital expenses.

Investors should note that Srinel has not commenced mining operations and is still in its exploration stage. Accordingly, any investment made in the Company should be considered highly speculative. An investment in the Company is subject to risks, including Company specific risks and general risks. Information about certain risks is set out in section 4, which I encourage you to read carefully.
We would like to thank our existing Shareholders for all of their support to date, and we look forward to welcoming new Shareholders who would like to participate in the future of the Company and Srinel.
Yours faithfully

Chairman

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