ITME Announces Signing of Contract to Develop the Mega West Project

DALLAS &mdash (BUSINESS WIRE) &mdash October 20, 2006 &mdash International TME Resources, Inc., (OTC:ITME &mdash News) is pleased to report that it has signed a definitive Earn-In Agreement with joint venture partners. The lead partner, Trinity Sands Energy LLC, et al, include a professional staff of geologists and petroleum engineers with extensive experience in heavy oil projects.

The J.V.Group brings substantial capital and professional management expertise to the MEGA WEST PROJECT. Previously announced joint venture partner, Flair Petroleum, Inc. has withdrawn from the joint venture due to funding delays.

A joint venture to develop a heavy oil and natural gas project in Southwest Texas was formed by ITME. A total of 17,200 acres of land, more or less, has been acquired in the prospect MEGA WEST AREA. The Group has approved an additional lease budget of one million dollars.

The prospect is projected to contain more than 48 Million Barrels of Oil, recoverable per each 640 acres. A 60% recovery factor is projected for the Trinity Sands. The projected recoverable reserves for the current acreage block is, 1.29 Billion Barrels of Oil.

Cores will be taken in the Trinity Oil Sands through the entire sand section. These cores will provide an update to previous old cores that verify the existence of the Trinity Oil Sands. The sands measured 65% oil saturation, 30% porosity and permeabilities of 40,000 to 50,000 millidarcys.

ITME currently earns a carried 30% net profit interest in the project and manages lease acquisition. Additional leases are currently being acquired.

For the Board

Allen White, President

International TME Resources Inc.
6370 L.B.J. FRWY., Suite 174
Dallas, TX 75240
972.458.7013

Symbol: ITME
Web: www.tmeresources.com

This document contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ for reasons that include but are not limited to political and economic conditions in the countries in which the Company does or intends to do business, regulatory action, product pricing, change in drilling schedules and competitive market conditions. These forward-looking statements represent the Company's best judgment at the date of this document and any changes in assumptions or external factors could produce significantly different results.