Titan Iron Ore Corp. announced that through a Binding Letter of Intent, Titan has agreed to purchase the Sunrise Iron Mining Complex from New Sunrise, LLC, for a price of $12 million. Sunrise is an iron project located in Platte County, Wyoming, consisting of fee land and patented mining claims aggregating approximately 1400 acres. The LOI provides that Titan will pay New Sunrise a non-refundable deposit of $25,000, and Titan shall have 180 days to conduct due diligence investigations of the property. The parties shall enter into a formal Purchase Agreement and Closing shall occur no later than 60 days after the end of the due diligence period. Closing is subject to financing and other customary conditions.

Titan Iron Ore Corp. filed its 10-K on Apr 01, 2013 for the period ending Dec 31, 2012. In this report its auditor, Manning Elliott, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Titan Iron Ore Corp. announced that it received an order from the Second Judicial District for the State of Wyoming denying Titan's petition under W.S. Section 1-26-507 for an order of immediate entry to use a road through the lands of DSS Holdings LLC. Titan had sought the Order to enable it to use the existing road to reach Titan's Iron Mountain minesite for initial reconnaissance and exploration activities.