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)

    Inferred Resource - High Grade Mo of 44.4 Million Tonnes of 0.100 % Mo
    (0.08% cutoff) as part of 221.5 Million Tonnes of 0.063% Mo (0.04% Mo
    cutoff)

    TSX-V Symbol: TTQ
    Frankfurt Stock Exchange Symbol: T2U

    VANCOUVER, Jan. 29 /CNW/ - W. K. Crichy Clarke, President and CEO of TTM
Resources Inc. ("TTM" or the "Company") is very pleased to announce that the
Company has received the resource estimates from Giroux Consultants Inc., of
Vancouver, B.C. for its 100% owned Chu Molybdenum Project 65 Km Southwest of
Vanderhoof, British Columbia, Canada. These estimates will be included in the
NI 43-101 report under preparation by Giroux Consultants Inc. and Eric
Ostensoe (P.Geo.) and is expected soon.
    At a cutoff grade of 0.04% Mo there are an estimated 235.3 million tonnes
grading 0.067% Mo (347.6 million lbs. Mo) and 221.5 million tonnes grading
0.063% (307.7 million lbs. Mo) in the indicated and inferred categories
respectively. Within these resources at a 0.08% Mo cutoff, there are an
estimated 57.1 million tonnes grading 0.104% Mo (131.0 million lbs. Mo) and
44.4 million tonnes grading 0.100% Mo (97.8 million lbs. Mo) in the indicated
and inferred categories respectively.

    
    -------------------------------------------------------------------------
                INDICATED RE

SOURCE INFERRED RE

SOURCE ------------------------------------------------------------------------- Tonnes Tonnes Mo greater Grade greater Grade Cutoff than Cut greater than Cut than Cut greater than Cut ------------------------------------------------------------------------- (%) MM Mo % MM lbs Mo MM Mo % MM lbs 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. MM = million Resource Criteria; The mineral resources mentioned above are defined in terms of the NI 43-101 regulations and their estimation was carried out using industry standard practices using ordinary kriging of blocks 20 x 20 x 10 m high. The mineral resources are undiluted and a total of 15 assays were capped at 0.43 % Mo. Indicated Mineral Resource estimates were produced using a search ellipse with dimensions equal to 1/2 the semivariogram range. A specific gravity based on 328 measurements of 2.69 was used for tonnage calculations. Assay results from 42 diamond drill holes totaling 21,144 meters 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 meters. The deposit is open to depth. The Company is very pleased with the result of these Independent estimates and, subject to the Conclusions and Recommendations in the upcoming NI 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 at http://www.ttmresources.ca/img/chu/explore_map.pdf 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. "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. %SEDAR: 00022200E

For further information:

For further information: Main: W.K. Crichy Clarke, President & CEO, Tom
Brady, (604) 685-1144 or Toll Free: (877) 685-1144, Fax: (604) 685-9887,
Website: www.ttmresources.ca, Email: ir@urg.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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