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Metal matrix composites can produce mechanical and physical properties better than those of the monolithic metal. Titanium alloys are widely used matrix materials as they can offer outstanding specific strength, corrosion resistance and other advantages over its competitors, such as aluminium, magnesium and stainless steel. In past decades, titanium matrix composites served in broad areas, including aerospace, military, automobile and biomedical industries. In this project, a revised powder metallurgy method, which contains cold isostatic pressing and hot isostatic pressing, was adopted to refine the microstructure of monolithic titanium. It was also used to manufacture titanium matrix composites. TiH2 powder was selected as the starting material to form Ti matrix and the reinforcements were sub-micron and nano-metric TiB particles. Mechanical properties and microstructure of commercial titanium composites exhaust valves from Toyota Motor Corporation have been studied as the reference of properties of titanium composites manufactured in this project. It has been shown that tensile strength and hardness of exhaust valves increase about 30% than those of similar matrix titanium alloys. Examination on powder starting materials of this project was also carried out, especially the dehydrogenation process shown in the DSC result. Mechanical properties and microstructures of titanium matrix composites samples in this project, as related to the process parameter, have also been investigated. The density of these samples reached 96% of theoretical one but cracks were found through out the samples after sintering. Fast heating rates during the processing was suspected to have caused the crack formation, since the hydrogen release was too fast during dehydrogenation. Hardness testing of sintered samples was carried out and the value was comparable and even better than that of commercial exhaust valves and titanium composites in literature. Microstructure study shows that the size of reinforcements increased and the size of grains decreased as the increasing amount of TiB reinforcements. And this condition also resulted in the increasing amount of the acicular alpha structure.