TTM Resources Inc. Closes Flow-Through Financing with MineralFields Group

TTM is pleased to announce that it has closed a non-brokered private placement with MineralFields Group (the "Private Placement") pursuant to which TTM issued 3,500,000 flow-through units at a price of $0.57 per unit for gross proceeds of $1,995,000. Each unit under the Private Placement consists of one flow-through common share and one transferable common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one additional non flow-through common share of the Company at an exercise price of $0.75 for the first 12 months following the closing of the Private Placement (the "Closing") and at an exercise price of $1.00 between 12 and 24 months following the Closing.

Limited Market Dealer Inc. ("LMDI") received a cash finder's fee of $99,750, representing 5% of the gross proceeds raised in the Private Placement, as well as a non-transferable option (the "LMDI Option") to acquire 350,000 units of the Company (the "LMDI Units"), equivalent to 10% of the total units sold in the Private Placement. The LMDI Option is exercisable into LMDI Units for a period of 12 months following the Closing at an exercise price of $0.57 per LMDI Unit. Each LMDI Unit will consist of one common share of the Company and one non-transferable share purchase warrant of the Company, and each such warrant will entitle the holder to purchase one common share of the Company at an exercise price of $0.75 for the first 12 months following the Closing and at an exercise price of $1.00 between 12 and 24 months following the Closing. In addition, LMDI received a cash due diligence fee of $59,850, plus GST, representing 3% of the gross proceeds from the Private Placement.

The proceeds of the Private Placement will be used primarily to fund geotechnical drilling on, and further exploration of, the Company's 100% owned Chu Molybdenum Project located 85 kilometres south of Vanderhoof, B.C.

About TTM Resources Inc.

TTM Resources Inc. is a Vancouver, British Columbia based Molybdenum Development and Exploration Company focused on the resource development of the Chu Molybdenum Project and two other molybdenum properties in British Columbia, Canada.