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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

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Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

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Message: Updated resource estimate

TSX-V Symbol: TTQ

Frankfurt Stock Exchange Symbol: T2U

US Clearing Symbol: TTMRF

Issued and Outstanding 52,730,989

PRESS RELEASE July 15, 2010

Corporate Office:

202 – 750 West Pender St

Vancouver, BC Canada V6C 2T7

Tel: (604) 685-1144 Fax: (604) 685-9887

Toll Free: (877) 685-1144 email: [email protected] web: http://www.ttmresources.ca

TTM RESOURCES INC. RECEIVES NI 43-101 REPORT ON CHU MOLYBDEUM PROJECT

TTM Resources Inc. is pleased to announce the filing of the NI 43-101 compliant report entitled “Report and Resource Estimation on the Chu Molybdenum Property” written by G.H. Giroux P.Eng MASc. Gary Hawthorn P. Eng and E. Ostensoe P.Geo. on its wholly owned Chu Property near Vanderhoof, BC. The Report describes methods employed to outline the previously announced Resource Estimate (see May 21, 2010 News Release). The results are summarized below. (Full NI 43-101 Report)

CHU PROJECT - MEASURED PLUS INDICATED RESOURCE

Mo Cutoff

Tonnes> Cutoff

Grade > Cutoff

(%)

(tonnes)

Mo %

Cu (%)

Million lbs Mo

Million lbs Cu

0.02

795,040,000

0.043

0.034

753.8

596.0

0.03

568,830,000

0.050

0.035

627.1

439.0

0.04

370,640,000

0.059

0.035

482.2

286.0

0.05

219,720,000

0.068

0.036

329.4

174.4

0.06

129,060,000

0.078

0.036

222.0

102.4

0.07

74,880,000

0.088

0.037

145.3

61.1

0.08

43,170,000

0.098

0.038

93.3

36.2

0.09

25,010,000

0.108

0.040

59.6

22.1

0.10

14,260,000

0.118

0.042

37.1

13.2


CHU PROJECT - INFERRED RESOURCE

Mo Cutoff

Tonnes> Cutoff

Grade > Cutoff

(%)

(tonnes)

Mo %

Cu (%)

Million lbs Mo

Million lbs Cu

0.02

969,050,000

0.035

0.032

747.9

683.8

0.03

531,590,000

0.043

0.034

504.0

398.5

0.04

256,560,000

0.052

0.036

294.2

203.7

0.05

113,320,000

0.062

0.037

154.9

92.5

0.06

52,160,000

0.072

0.039

82.8

44.9

0.07

23,950,000

0.080

0.042

42.2

22.2

0.08

9,910,000

0.088

0.048

19.2

10.5

0.09

3,080,000

0.098

0.052

6.7

3.5

0.10

910,000

0.109

0.052

2.2

1.0

Highlights and Recommendations of the Authors

  • The Chu property has been explored by geochemical and geophysical surveys and by more than 75,000 metres of diamond drilling. This work has demonstrated the presence of a substantial body of molybdenite and copper mineralization in an apparent modified "quartz veinlet stockwork" hosted by hornfelsed fine-grained sandstone and granodioritic intrusive rocks.

  • The Report recommends the further expenditures on the designed pit area with the principal objective being to increase the drill hole density to enable upgrading of the classification of resources from “indicated” to “measured” and from “inferred” to “indicated”, and to complete the geo-technical drilling required in this area.

  • Update the Preliminary Economic Assessment "scoping" study, that will conceptualize the placement of an open pit or pits, and offer some forecasts of possible mining methods, capital costs, operating costs, markets for and marketability of products, environmental concerns, and social issues.

  • Continue with environmental studies, mine and process plant design work, water, power and transportation options, marketing strategies, community involvement and First Nations negotiations as required by the Company for the Environmental Assessment Certificate

W.K.Crichy Clarke, President and CEO states “We are pleased that we continue to make progress on all fronts. Moose Mountain Technical Services is finalizing our updated Preliminary Economic Assessment Report and we will release it when received.. The initial Preliminary Economic Assessment Report used Measured and Indicated Resources and is now being revised to include Inferred Resources. A Pre-Feasibility Report is expected to be completed this fall. We will continue our drill program once the Preliminary Economic Assessment Report is received from Moose Mountain. in order to carry out their recommendations”

The Company will continue to update shareholders on drill results and corporate developments.

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. For further information visit the Company’s web site at www.ttmresources.ca

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. COO and Director of TTM Resources Inc. a qualified person for the purposes of NI 43-101.For further information visit the Company’s web site at www.ttmresources.ca

W.K. Crichy Clarke

President

Contact:

TTM Resources Inc.

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: [email protected]

 

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.

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