Chu Phase 2 program intersects additional High Grade Mo



    
             HOLE CHU W005 INTERCEPTS 146.3 METERS OF 0.094% Mo
             HOLE CHU W004 INTERCEPTS 139.1 METERS OF 0.071% Mo
              HOLE CHU E006 INTERCEPTS 50.9 METERS OF 0.101% Mo

        TTM COMMISSIONS RE

SOURCE ESTIMATE AND NI 43-101 REPORT FOR CHU PROJECT TSX-V Symbol: TTQ Frankfurt Stock Exchange Symbol: T2U US Clearing Symbol: TTMRF Issued and Outstanding 46,868,876 VANCOUVER, Jan. 17 /CNW/ - W. K. Crichy Clarke, President and CEO of TTM Resources Inc. ("TTM" or the "Company") is pleased to announce additional assay results from the Phase 2 drill program at its 100% owned Chu Molybdenum Project 65 Km Southwest of Vanderhoof, British Columbia, Canada. These holes were drilled to determine grades and widths of the quartz-molybdenum stockwork zone between the High Grade West and East Zones, and to test the near surface molybdenum mineralization of the east zone. HOLE CHU W004 and W005 were drilled from the same location at an azimuth of 210 degrees and dip angles of -50 degrees and -65 degrees respectively to test the eastern boundary of the WEST high grade zone. CHU W004 reported intervals of 0.071% Mo over 139.1 meters (160.6-299.7m) and 0.097% Mo over 14 meters (363-377m). CHU W005 returned 655.3 meters grading 0.051% Mo (207.0-862.3m) including 146.3 meters grading 0.094% Mo (207.0-353.3m). HOLE CHU E005 was drilled at an azimuth of 210 degrees and a dip of -50 degrees to further test the western limits of the EAST High Grade Zone and reported 0.055% Mo over 307.2 meters (126.8-434.0m) including intervals averaging 0.062% Mo over 92.1 meters (257.2-349.3m) and including 0.082% Mo over 18 meters ( 315.0-333.0m). HOLE CHU E006 and E007 were drilled from the same location at an azimuth of 210 degrees and dip angles of -49 degrees and -65 degrees respectively to test the eastern part of the EAST high grade zone and near surface mineralization as it extends upwards from the mineralization encountered in holes CH-06-12 and CH-07-15. CHU E006 reported intervals of 0.101% Mo over 50.9 meters (199.1-246.9m) within a longer interval of 265.9 meters grading 0.063% Mo (13.3-279.2m). CHU E007 returned intervals of 34.4 meters grading 0.093% Mo (68.0-102.4m) and 0.070% Mo over 44.2 meters (321.8-366.0m) within a longer interval of 405.7 meters grading 0.053% Mo (7.6-405.7m). The Company is very pleased with the width and consistency of mineralization demonstrated by these drill holes. RE

SOURCE ESTIMATE AND NI 43-101 REPORT The Company has commissioned Eric Ostensoe (P.Geo.) to prepare an NI 43-101 compliant independent report on the CHU property. Mr Ostensoe has extensive experience with this type of mineral deposit and has managed exploration programs on the CHU property for previous operators. The report will include a Resource Estimate by Mr. Gary Giroux MASc., P.Eng.. The results of the Resource Estimate will be made available when received in the next few weeks and the completed N1 43-101, including this estimate, will be released once received. Analyses of samples from the current program are completed at Eco-Tech Laboratories in Kamloops, BC. Quoted intercepts are based on analytical analyses for molybdenum. Full assays for molybdenum were run on any molybdenum analyses that exceeded 500ppm. 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, P.Geo., a qualified person for the purposes of NI 43-101. For further information visit the Company's web site at www.ttmresources.ca TTM RE

SOURCES INC. TTM RE

SOURCES 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.

For further information:

For further information: Main: W.K. Crichy Clarke, President & CEO, Tom
Brady, (604) 685-1144 or Toll Free: (888) 685-1144, Fax: (604) 685-9887,
Website: www.ttmresources.ca, Email: ir@ttmresources.ca; Europe: Small Cap
Invest Ltd, Alexander Friedrich, 49 (0) 69-24 24 93 49, 49 (0) 12 12 544 71 04
62, Email: afriedrich@small-cap-invest.com

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