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04-06-2010 TITAN AMERICA RECEIVES MINING PERMIT

Norfolk, Va. - Tarmac America, a subsidiary of Titan America LLC, was recently issued a permit from the US Army Corps of Engineers to mine in the Lake Belt area of Miami-Dade in Florida. The new permit was issued to implement the U.S. Army Corps of Engineers (ACE) Record of Decision (ROD) published on February 1, 2010. The ROD followed a Federal-Court-mandated Supplemental Environmental Impact Study (SEIS), issued for public comment in May 2009. The permit has a 20 year tenure and provides specific requirements for operating the mine.

Limestone operations in the Lake Belt region are guided by the Lake Belt Plan which supports Everglades’ restoration and protects the Everglades from encroaching development while maintaining the numerous economic benefits of Florida’s limestone industry. Under this Plan, Lake Belt limestone companies pay special fees that have generated $30 million and will ultimately generate $120 million to acquire, restore and preserve a two-mile buffer and protects the Florida Everglades as well as help fund other important environmental projects.

Titan America LLC, headquartered in Norfolk, Va., is the premier heavy building materials producer in the eastern United States. Titan America’s products include cement, aggregates, ready-mixed concrete and fly ash beneficiation. Its parent company, Titan Cement Company, S.A., headquartered in Athens, Greece, is a signatory to the UN Global Compact, a group of companies committed to sustainable and socially responsible business practices.