TTM Resources Inc
		Symbol			TTQ
		Shares Issued			46,791,376
		Close 2008-01-29			C$ 1.14
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TTM Resources receives CHU resource estimates

2008-01-29 06:34 ET - News Release

Mr. W.K. Crichy Clarke reports

TTM CHU MOLYBDENUM INITIAL RESOURCE ESTIMATE; INDICATED RESOURCE - HIGH GRADE MO OF 57.1 MILLION TONNES OF .104% MO (0.08% CUTOFF) AS PART OF 235.3 MILLION TONNES OF 0.067% MO (0.040% CUTOFF)

TTM Resources Inc. has received the resource estimates from Giroux Consultants Inc., of Vancouver, B.C., for its 100-per-cent-owned CHU molybdenum project, 65 kilometres southwest of Vanderhoof, B.C., Canada. These estimates will be included in the National Instrument 43-101 report under preparation by Giroux Consultants Inc. and Eric Ostensoe, PGeo, and are expected soon.

At a cut-off grade of 0.04 per cent Mo, there are an estimated 235.3 million tonnes grading 0.067 per cent Mo (347.6 million pounds Mo) and 221.5 million tonnes grading 0.063 per cent (307.7 million pounds Mo) in the indicated and inferred categories respectively. Within these resources at a 0.08-per-cent Mo cut-off, there are an estimated 57.1 million tonnes grading 0.104 per cent Mo (131.0 million pounds Mo) and 44.4 million tonnes grading 0.100 per cent Mo (97.8 million pounds Mo) in the indicated and inferred categories respectively.

           Indicated resource                   Inferred resource              Tonnes                        Tonnes Mo          greater          Grade        greater             Grade Cut-off     than Cut    greater than cut  than cut     greater than cut %            mm       Mo %   mm lb Mo         mm       Mo %   mm lb Mo  0.04      235.3      0.067      347.6      221.5      0.063     307.70 0.05      168.3      0.076      282.1      145.5      0.072     230.90 0.06      114.8      0.087      220.3       90.5      0.083     165.60 0.07       81.2      0.096      171.9       60.0      0.093     123.10 0.08       57.1      0.104      131.0       44.4      0.100      97.80 0.09       37.3      0.115       94.6       29.6      0.107      69.70 0.10       24.6      0.126       68.4       17.4      0.115      44.10  CHU mineral resource estimates; mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, marketing or other relevant issues.      

Resource criteria

The mineral resources mentioned above are defined in terms of the National Instrument 43-101 regulations and their estimation was carried out using industry standard practices using ordinary kriging of blocks 20 metres by 20 metres by 10 metres high. The mineral resources are undiluted and a total of 15 assays were capped at 0.43 per cent Mo. Indicated mineral resource estimates were produced using a search ellipse with dimensions equal to one-half the semi-variogram range. A specific gravity based on 328 measurements of 2.69 was used for tonnage calculations. Assay results from 42 diamond drill holes totalling 21,144 metres were used. A total of 7,531 Mo assay intersections made up the resource database. Most of the resource estimated here is located between surface and a depth of 500 metres. The deposit is open to depth.

The company is very pleased with the results of these independent estimates and, subject to the conclusions and recommendations in the upcoming National Instrument 43-101 report, it will use this resource data as the basis for a preliminary assessment of the property.

Currently there are two drills operating on the CHU property engaged in resource expansion and resource category upgrading activities.

Additional information of the CHU property is provided on the company's website.

The company has in place a comprehensive quality assurance/quality control program including standards, blanks and duplicate samples that form part of the sampling protocol. In addition the laboratory has its own quality assurance program. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. The technical information provided in this press release was reviewed by Warren Robb, PGeo, a qualified person for the purposes of National Instrument 43-101.

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