TTM to make a Normal Course Issuer Bid to purchase up to 2,500,000 shares of the company's outstanding shares



    
    TSX-V Symbol: TTQ
    Frankfurt Stock Exchange Symbol: T2U
    US Clearing Symbol: TTMRF
    Issued and Outstanding: 50,437,489
    

    VANCOUVER, Oct. 22 /CNW/ - TTM Resources Inc. (the "Company") (TSX
VENTURE:TTQ) (FRANKFURT:T2U) announces that it has today received approval
from the TSX Venture Exchange (the "Exchange") to make a Normal Course Issuer
Bid (the "Bid") to purchase for cancellation, from time to time, as it
considers advisable, up to 2,500,000 of the Company's issued and outstanding
Common Shares (being approximately 4.95% of the 50,437,489 Common Shares
outstanding at October 17, 2008). Purchases will not exceed 1,008,749 common
shares (being approximately 2% of the Company's issued and outstanding Common
Shares) in the 30 day period commencing October 27, 2008. Purchases will be
made in accordance with Exchange requirements, on the open market through the
facilities of the Exchange. Canaccord Capital Corporation will conduct the Bid
on behalf of the Company. The price that the Company will pay for any shares
purchased will be the prevailing market price of such shares on the Exchange
at the time of such purchase. The Company will spend up to an aggregate
maximum of $3,500,000 on the Bid, being approximately the amount of B.C.
Mining Tax Credit to be received by the Company for its two most recently
completed fiscal years.
    The Bid will commence on October 27, 2008 and will terminate on the
earlier of October 26, 2009, or the date on which the Company has acquired all
of the shares sought pursuant to the bid. Any shares acquired by the Company
pursuant to the bid will be cancelled. As required by Exchange policy,
purchases (other than purchases by way of a substantial issuer bid) will not,
when aggregated with the total of all other purchases in the preceding 30
days, exceed 2% of the total issued and outstanding common shares of the
Company at the time the purchases are made.
    The Board of Directors of the Company believe that the current and recent
market prices of the Company's shares do not give full effect to their
underlying value and that, accordingly, the purchase of shares will increase
the proportionate share interest of, and be advantageous to, all remaining
shareholders. The normal course purchases will also afford an increased degree
of liquidity to the Company's shareholders who would like to dispose of their
shares.

    About TTM Resources

    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 three other molybdenum properties in British
Columbia, Canada.
    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.

For further information:

For further information: TTM Resources Inc., 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@ttmresources.ca

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TTM Resources Inc.

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