First off, there is a very interesting link on TTM's Website I think you may want to take a look at. Go on our website www.ttmresources.ca and look under "IN THE NEWS and you can open it there. Here is the link what to look for. For those who never visited our website before you may want to take the time to read further.

June 23, 2008 through July 11, 2008
CEO clip airing on the Biography channel

Yes, TTM just purchased more land surounding the CHU. There has been some discussion about the reasons why they purchased the "neighbors". For one the price was right know doubt, one thing you can say about Crichy, he knows how to get the best deal! Potential for more moly, perhaps. The other reason perhaps overlooked by some is on future property/mine development. Such as the location of the tailings pond/s,etc.. This just gives us more options going forward on how and where to place infastructure etc.

The NPV report and what it means:

From what I have gathered it should be in our hands perhaps as early as next week. Then TTM will set up a board meeting to meet with the authors to discuss their findings.
The NPV is a crucial piece of information that TTM requires before anyone will take a "SERIOUS" look at us. It will use parameters to value the deposit as outlined in the 43-101. It will be in 43-101 format and basically it will tell the world "what the chu is worth",(at that point in time) given the specific guidelines we gave them, for example "to a depth of 500 meters and really only encompassing our two high-grade starter pits.

Also thought to be included will be, but not inclusive to:

-size of the mill required
-rate of ore processed in tonnes
-costs of extraction
-years to payback, etc

There are companies now awaiting this report as essentially it takes away alot of the risks involved in perhaps making an offer as now they will have a better understanding of the value (net present value) of what they are bidding on.

Keep in mind that his report will give us a "snapshot" of where we stand at that point in time. It will not include work we have already completed since the report was put together. It will not include all the work we still have to do such as:

-deep drilling on our two starter pits.
-further infilling on our starter pits. (Indicated to measured)
-At some point expand drilling on the starter pits, (keep in mind those two pits are still open in all directions).
-Further exploration on our other drill targets. etc.

TTM management has come an awful long way in basically 18 months. But there is still considerable work to be done. But this is a great start!

It must not be forgotten that all of the work already completed and work still slated to be completed in the immediate future all adds value to the CHU regardless what route we decide to take in the end, buyout, jv, or go it alone. Keep in mind that all of the work and future costs of development of the property all well funded to date. Futher dilution at this point for the work we still want to complete is not necessary.

This company is a "bee hive" of activity right now, if I get any more information I will pass it along.

BBOB