🕐03.09.10 - 19:54 Uhr
TTM RESOURCES ACCEPTS RESIGNATION AND APPOINTS TO BOARD OF DIRECTORS
TSX-V Symbol: TTQ
Frankfurt Stock Exchange Symbol: T2U
US Clearing Symbol: TTMRF
Issued and Outstanding 51,940,489
PRESS RELEASE September 2, 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: web:
http://www.ttmresources.ca
TTM RESOURCES ACCEPTS RESIGNATION AND APPOINTS TO BOARD OF DIRECTORS
Vancouver, B.C., September 2, 2010 - W.K.
Crichy Clarke, President and CEO
of TTM Resources Inc.
(the "Company") announces the following amendments to
the Companys Board of Directors:
Effective September 1, 2010, the Board has accepted the resignation of Mr.
David McMillan from the Board and has appointed Mr.
Kevin Ogle of Calgary,
Alberta as his replacement.
The Company has, by mutual agreement with Mr.
McMillan, cancelled all of Mr.
McMillans outstanding options (130,000
options at $0.48 and 900,000 options at $0.40) and granted Mr.
McMillan
500,000 new stock options exercisable at $0.40 for a one year term.
The
Companys new Director, Mr.
Kevin Ogle, has been granted 500,000 options at
$0.40 expiring on October 7, 2014.
Mr.
Ogle has also bought a significant
free trading share position in the Company.
"David McMillan has been a Director of TTM since inception.
His
contribution has been invaluable from the early disappointments at Molygold
through our success at Chu.
His insight and experience have helped us
greatly in plotting our direction.
Dave is busy with his own principal
companies and investments.
We will continue to use Dave as a consultant and
a resource and we wish him all the luck and success in the future," says Mr.
Clarke.
"We are fortunate to find someone of Mr.
Ogles qualifications and passion.
Kevin has been involved in property management in Western Canada since 1978.
Since then he has worked for Southland Corporation, Edgecombe, and his own
company Peregrin Inc.
He is a member of various professional boards and
felt that an association with a public company would be beneficial to his
career and his understanding of public markets and different types of
project financings.
I, along with the Board, welcome his passion and his
vast knowledge of capital markets and applicable Funds.
Kevin and I are
both excited about the new possibilities he will bring to our Board and our
projects," says Mr.
Clarke.
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 Companys web site at
www.ttmresources.ca .
(signed) W.K.
Crichy Clarke
W.K.
Crichy Clarke
President & CEO
Contact:
TTM Resources Inc.
W.K.
Crichy Clarke, President & CEO
or Tom Brady
Phone: (604) 685-1144 or Toll Free: (877) 685-1144 Fax: (604) 685-9887
Website: www.ttmresources.ca/
Email:
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.
Neither
TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.