TTM Completes $8,682,750 Private Placement

Nov 15, 2007 12:21:00 PM

Copyright Business Wire 2007

VANCOUVER--(BUSINESS WIRE)--

W. K. Crichy Clarke, President & CEO of TTM Resources Inc. (TSX Venture: TTQ) (Frankfurt:T2U) (the "Company") is pleased to announce, further to its news releases of October 19 2007, that it has completed the brokered private placements with Canaccord Capital, issuing an aggregate of 3,953,500 flow-through units at a price of $1.50 per unit and a non-brokered private placement issuing an aggregate of 1,835,000 flow-through units at a price of $1.50 per unit for aggregate gross proceeds of $8,682,750. Each flow-through unit consists of one flow-through common share and one-half of one share purchase warrant. Each whole warrant is exercisable for a period of 12 months at a price of $1.75 per share.

The Company paid a cash commission of 5% to the Agent for units placed as part of the brokered financing, and issued 237,210 Broker warrants exercisable at a price of $1.50 for 12 months. The Agent also received a Corporate Finance fee for corporate finance services rendered. The Company may pay cash commission of up to 5% on portions of the non brokered financing in accordance with the TSX Venture Exchange guidelines.

All securities issued with respect to the closing of the Private Placement are subject to a hold period expiring March 16, 2008.

The above placement is subject to the final approval of the TSX Venture Exchange

    For further information visit the Company's web site at
 www.ttmresources.ca.
    TTM RESOURCES INC.
    TTM RESOURCES INC.
    "Crichy Clarke"
    W.K. Crichy Clarke
    President & CEO

This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Source: TTM Resources Inc.