Overview Founded in 1979, Titan Logix Corp. (“Titan” or “the Company”) is a high technology company specializing in Research and Development (R&D), manufacturing and marketing of advanced technology fluid management solutions, particularly for use in mobile tanker applications. The Company's world class Guided Wave Radar (GWR) solutions are currently used in the oil and gas, waste collection and aviation industries. These technologies and their derivatives under development are applicable to a variety of additional markets which Titan plans to expand into at the appropriate time. A common practice in many of these markets is the use of manual methods for measurement and control. However, due to safety considerations, the rising cost of many fluids, awareness and concerns about the environment and technological advancements enabling better operational efficiencies, we are experiencing an increased demand for our advanced technology products. We anticipate this demand will continue as we pursue expansion into other markets. The products we manufacture are part of a complete asset management solution. The full solution consists of our own market-leading products integrated with best-in-class third party solutions to enable our customers to benefit from complete fluid management, throughout each stage of their fluid handling processes. This is captured by our slogan “Advanced Technology Fluid Management Solutions: In the Field, On the Road, In the Office”™. •In the Field: "In the Field" refers to Titan's solution offerings for storage tanks and process vessels. •On the Road: "On the Road" refers to Titan's solution offerings for mobile tanker trucks and trailers. •In the Office: "In the Office" refers to Titan's solution offerings that enable customers to monitor their fluid assets from the convenience of their dispatch center or other back office environment through a wired or wireless connection. History and Evolution Titan Logix Corp. has an established operating infrastructure and a range of related specialty products. Originally called Marilyn Gold Mines Inc., the company was incorporated in the province of British Columbia on February 26, 1979. Later named Titan Resources Ltd., we moved away from the development of natural resources into the technology sector in the early 1990's by acquiring established and reputable companies. These include: •Grimes Manufacturing Ltd., a manufacturer of level measurement and control products which was acquired in 1988 •Nagy Burner Control, an industrial burner control specialist was acquired in 1998 and •Sherrex Systems, an industrial instrumentation and controls manufacturer was acquired in 2001. With these acquisitions, we evolved into a manufacturing, sales and product support business. We primarily serve the Western Canadian oil and gas as well as the chemical and transportation industries. Vision Our vision is to be the global market share leader in advanced mobile tank level measurement, control and asset management while growing our market interests in burner management and level gauging. Core Values In support of our vision, our mission is a company wide commitment to building rewarding, long-term, ethical relationships with the four pillars of our company. We recognize that customers, suppliers, investors and employees are key stakeholders. Our goal is to strengthen these relationships and provide them with rewards that meet or exceed their expectations. Our vision and values provide an important framework within which we endeavor to meet our objectives and execute our business strategy. Financials: TSX-V: TLA, Page 1 of 3 Titan Logix Corp. Reports Financial Results for Fiscal 2013 First- Quarter, the Granting of Incentive Options and New Vice President Edmonton, Alberta, January 23, 2013 – Titan Logix Corp., (TSX Venture: TLA) ("Titan" or the "Company"), an advanced technology industrial instrumentation and controls company today reported its unaudited financial results for the first quarter of its fiscal 2013, ended November 30, 2012. Summary of Sales Revenue, Gross Profit and Net Earnings: Sales for the first quarter ended November 30, 2012 were $4,009,955, an increase of 18% from sales of $3,389,692 in the first quarter of fiscal 2012. Gross profit in the three month period was $2,036,577 (51%) compared to $1,579,893 (47%) in the comparable period of the previous fiscal year. Net earnings and comprehensive income was $1,058,560 before tax and $781,257 after tax ($0.03 per diluted share) compared to $630,086 before tax and $622,237 after tax ($0.02 per diluted share) in the same quarter of the previous fiscal year. The increase is tied to the increase in sales for the period. Income tax expense for the previous year’s first quarter was minimal compared to fiscal 2013 as the Company had unrecognized deferred tax assets available to reduce income tax expense. Financial results for the first three months of fiscal 2013 reflect Titan Logix Corp’s successful execution of its strategic plan, its continued operational strength and the continued customer demand for its oilfield fluid transport products. Summary of Operating Expenses: Total expenses for the first three months of fiscal 2013 were $989,218 compared to $951,945 in the same period a year ago. General and administration expenses were $471,564, compared to $450,698 recorded in the same period of the previous fiscal year. Engineering and development expense was $124,023 compared to $194,107. During the three months ended November 30, 2012, Titan recorded an increase to capitalized product development costs of $143,471 compared to $67,565 in the three months of the previous fiscal year. This increase is a result of additional resources being allocated to new product development rather than sustaining engineering in comparison to the previous year’s first quarter. Marketing and sales expense increased from $353,553 in the previous fiscal year’s first three months to $404,892 for the first three months of fiscal 2013. As a percentage of sales, operating expenses are 25% for the three month period ended November 30, 2012 compared to 28% for the same period of fiscal 2012. The reduction of operating expenses as a percentage of sales is primarily due to the increase in revenues and also the continued focus on controlling of operating costs. Working Capital: At November 30, 2012, working capital was $9,514,113 compared to the August 31, 2012 year-end balance of $8,557,406. Cash and cash equivalents and short term investments were $6,899,143 compared to $5,760,318 at the end of fiscal 2012. Titan does not have any debt except for trade and accrued payables. TSX-V: TLA, Page 2 of 3 Business Outlook: The customer activity in our primary market has decreased from the peak levels of the previous fiscal year. Sales for this most recent quarter ending November 30, 2012, are lower than the previous three quarters (second, third and fourth quarter of fiscal 2012). This market correction is expected to continue to have an impact on our sales into the next quarter. We plan to address this correction by continuing to focus on increasing our market share. Additional Information: Titan Logix Corp.’s unaudited financial statements and management’s discussion and analysis for the first quarter of fiscal 2013 as well as its audited financial statements and management’s discussion and analysis for its fiscal year ended August 31, 2012 are available on SEDAR at www.sedar.com and on the company’s website, www.titanlogix.com Titan also announces that on January 18th, 2013 the Board of Directors appointed Jeff Langford as Vice President of the Burner Management System business unit of Titan Logix Corp. As previously announced Mr. Langford will lead this new business unit and comes to Titan with over 20 years of burner and combustion experience. In addition at Titan’s Annual General Meeting held on January 18, 2013, shareholders re-elected R.W. (Bob) Logan, Dave Kastelic, Matthew Marquardt, W. Douglas Frame and Greg McGillis to the Board of Directors of Titan. The Board of Directors approved incentive stock options for the directors of an aggregate of 80,000 shares which are exercisable over a five year period ending January 18, 2018 at a price of $0.63 per share. The Board of Directors also approved incentive stock options for Mr. Langford of 50,000 shares at a price of $0.63 per share which are also exercisable over the five year period ending January 18, 2018, following a one year vesting period. All options were granted in accordance