TTM Resources Inc.
TSX VENTURE : TTQ
FRANKFURT : T2U

TTM Resources Inc.

December 14, 2006 00:15 ET

TTM Resources Inc. Announces Commencement of Up to 3000 Meters of Diamond Drilling on Its Chu Molybdenite Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 14, 2006) - TTM Resources Inc. (TSX VENTURE:TTQ)(FWB:T2U) -

The Company is pleased to announce that it has signed all drill contracts with Falcon Drilling of Prince George, BC and has reached an Agreement in Principle with Allnorth Consultants Limited of Prince George, for project management of its planned drilling program on the Chu property near Vanderhoof, BC. Drilling is expected to commence this week and up to 3 holes are planned before the Christmas break. The direction and priority of future holes will be determined by Allnorth and the Company once results of the first phase of drilling are received in early January, 2007.

Drilling of some 5600 meters at the CHU property west of Prince George, BC has indicated that the mineral zone "is an inclined irregular tabular mass with apparent dimensions of 840 meters in length, 180 meters in thickness, and up to 250 meters in depth and is open in terms of expansion," and has "well in excess of 50 million tones with a grade of 0.12 to 0.16% molybdenite"(1). Another report(2) estimates 135 million tones grading 0.08% molybdenite(3). Both of these reports are non-compliant with NI 43-101 standards and these resources viewed as 'historical'.

The current drill program will focus on obtaining significant indications of increases in grade and/or tonnage. These include:

- Drilling step-out holes on both of the defined mineralization

- Drilling of an untested - the soil anomaly

- Drilling the deep 'feeder' target

- Drilling a mineralized monzonite dike

(1) Erik A. Ostensoe (1992) Report and Work Proposal Chu Property.

(2) James W. McLeod (1995) Review and Recommendations Chutanli Lake Project Area.

(3) The conversion factor for molybdenite to molybdenum is 60%.

The Company is excited about the opportunities of this new program and will keep its Shareholders advised of its progress.

TTM Resources Inc. has in place a rigorous QA/QC program consistent with National Instrument 43-101 and is using best industry practice. Echo Labs of Kamloops, BC are responsible for all the TTM Resources Inc. assays for this project

Bob Sibthorpe (B. Sc. Geol. & MBA) and Charles Ikona (P.Eng) are the Company's qualified persons on the project as required under NI 43-101 and have reviewed the technical information contained in this press release.

The above is subject to approval by the TSX Venture Exchange.

On behalf of the Board of Directors,

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.

Contact Information

  • TTM Resources Inc.
    W.K. Crichy Clarke
    President & CEO
    (604) 685-5851 or Toll Free: 1-888-685-5851
    or
    TTM Resources Inc.
    Tom Brady
    (604) 685-5851 or Toll Free: 1-888-685-5851
    Fax: (604) 685-7349 (FAX)
    Email: ir@urg.ca
    Website: www.ttmresources.ca
    or
    Small Cap Invest Ltd. - Europe
    Alexander Friedrich
    49 (0) 69-24 24 93 49 or 49 (0) 12 12 544 71 04 62
    Email: afriedrich@small-cap-invest.com