1. NATURE AND CONTINUANCE OF BUSINESS Titan Iron Ore Corp. (the Company) (formerly Digital Yearbook, Inc.) was incorporated in the State of Nevada on June 5, 2007. Effective June 15, 2011, the Company completed a merger with its subsidiary, Titan Iron Ore Corp., a Nevada corporation, which was incorporated solely to effect a change in our name from ?Digital Yearbook Inc.? to ?Titan Iron Ore Corp.? effective becoming an exploration stage company. The Company?s principal business includes the acquisition, and exploration of mineral properties. Also effective June 15, 2011, the Company effected a 37 to one forward stock split of our authorized and issued and outstanding common stock. As a result, 5,151,000 shares of common stock outstanding increased to 190,587,000 shares of common stock. Subsequently, on June 20, 2011, the Company issued 2,100,000 common shares pursuant to a private placement unit offering, increasing the number of shares of common stock outstanding to 192,687,000. Effective June 30, 2011 and in connection with the acquisition of an option to purchase a mineral property, certain shareholders surrendered 142,950,000 common shares of the Company. As a result of the Company?s cancellation of these shares, the Company?s outstanding shares of common stock decreased to 49,737,000. During the year ended December 31, 2012 the Company issued 1,334,000 shares in a private placement, issued 550,000 shares for services received, issued 323,928 shares under an equity credit line financing, and issued 556,182 shares resulting from the exercise of warrants, bringing the total outstanding shares to 52,501,110. During the six months ended June 30, 2013 the Company issued 1,676,072 shares under an equity credit line financing, issued 203,333 shares in exchange for services, and issued 248,298 shares on note conversions, bringing the total outstanding shares to 54,628,813. The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which implies that the Company wou