TTM Resources announces $9,000,000 financing



    /NOT FOR DISSEMINATION IN THE UNITED STATES OR VIA U.S. NEWSWIRE
    SERVICES/

    VANCOUVER, Oct. 19 /CNW/ - TTM Resources Inc. (TSX-V-TTQ, Frankfurt:T2U)
(the "Company") is pleased to announce a brokered private placement with
Canaccord Capital Corporation ("Canaccord" or the "Agent") of 4,000,000 Flow
Through Units (the "brokered FT Units") and a non-brokered private placement
of 2,000,000 Flow Through Units (the "non-brokered FT Units"). The brokered
and non-brokered FT Units are collectively called the "FT Units" and are
priced at $1.50 per FT Unit. A FT Unit will consist of one FT common share and
one-half of one transferable common share purchase warrant (a "Warrant"). Each
whole warrant will entitle the holder to subscribe for one additional common
share (a "Warrant Share") at a price of $1.75 for a period of 12 months from
the date of closing.
    As consideration for acting as Agent, Canaccord will be paid a commission
of 5% of the total proceeds raised in the brokered portion of the Offering
upon closing, payable in cash or Units at the discretion of the Agent, and
agent's warrants ("Agent's Warrants") equal to 6% of the securities issued in
the brokered portion of the Offering. Each Agent's Warrant will be exercisable
to acquire one common share for a period of 12 months from the closing at the
issue price. In addition, the Agent will receive a corporate finance fee paid
in Units.
    The use of proceeds raised from this issue will be used to fund continued
exploration at the company's Canadian assets. The flow through funds will be
used for exploration expenditures, which will constitute Canadian exploration
expenses (as defined in the Income Tax Act) and will be renounced for the 2007
taxation year.
    Completion of the placement is subject to the approval of the TSX Venture
Exchange.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    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.





For further information:

For further 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, (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, 49 (0) 12 12 544 71 04
62 (FAX), Email: afriedrich@small-cap-invest.com

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TTM Resources Inc.

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