A

ABCA

the Alberta Business Corporations Act

AFTA

Application for Financial and Technical Assistance: an application for an agreement between a company and the Government of the Philippines for the large-scale exploration, development and utilization of certain mineral deposits. An approved AFTA allows for up to 100% foreign ownership

Ag

Silver

AMSL

above mean sea level

APSA

Application for Production Sharing Agreement: an application for an agreement between a company and the Philippine Government under which the government grants to the company the exclusive right to conduct mining operations, such as smaller-scale exploration, development and utilization of mineral resources within the contract area, but title is reserved to the government

As

arsenic

Au

gold

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B

besshi

a type of massive sulphide deposit, of mainly copper-gold mineralogy and lacking significant lead and barite

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C

Canatuan Mine

the mine located near Siocan, Zamboanga del Notre, on the Island of Mindanao Philippines

Committee

the Company's Audit Committee

Common Shares

common shares in the capital of the Company

Company, Corporation, or TVI

TVI Pacific Inc., or its subsidiaries and affiliates as applicable

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D

DENR

Department of Environment and Natural Resources in the Philippines

dmt

dry metric tonnes

dmtpd

dry metric tonnes per day

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E

ECC

Environmental Compliance Certificate, under the laws of the Philippines

EDCO

Exploration Drilling Company, a wholly-owned subsidiary of TVI

EIA

Environmental Impact Assessment

EL

Exploration Licence

EMB

the Environmental Management Bureau of the Philippines

EPA

Exploration Permit Application

epithermal

a hydrothermal mineral deposit formed within about 1 km of the earth's surface and in the temperature range of 50 to 200oC, occurring mainly as veins; “EXPA” means Exploration Permit Application: an initial mode of entry allowing a Qualified Person to undertake exploration activities for mineral resources in certain areas of the country open to mining

EXPA

Exploration Permit Application: an initial mode of entry allowing a Qualified Person to undertake exploration activities for mineral resources in certain areas of the country open to mining

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F

FTAA

Financial or Technical Assistance Agreement: a contract with the government of the Philippines involving financial or technical assistance by a company for large-scale exploration and development of local mineral resources. Under this type of contract, the government is entitled to a share of the economic benefits accrued from the exploitation of the resource. The amount can take the form of an excise tax, income tax and/or duties and fees. Generally it will only be redeemed after a company has recouped its expenditures for exploration and development

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G

g

one gram or .0321507 oz troy

Gossan

soft, oxidized rock on surface

gpt

grams per tonne

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H

ha

one hectare, or 2.471 acres

HQ

diamond drilling coring size of 63.5 mm (2.5”)

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K

km

one kilometre

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M

m

one metre

massive

a mineral deposit characterized by a great concentration of ore in one place, as opposed to disseminated or vein deposit; also said of any rock that has a homogeneous texture or fabric over a wide area, with an absence of layering, foliation, cleavage, or any similar directional structure

MGB

the DENR Mines and Geology Bureau

MPSA

Mineral Production Sharing Agreement: an agreement between the government of the Philippines and a company in which the government grants a company the right to conduct smaller scale mining operations within the contract area in exchange for a share of final mine production. This is generally exercised as an excise tax. A MPSA allows for up to 40% foreign ownership

MRI

MRI Trading AG

Mt

million tonnes

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N

NI 43-101

National Instrument 43-101 – Standards of Disclosure for Mineral Projects

NSR

net smelter royalty

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O

Ou

copper

oz

one ounce troy measure, or 31.1035 grams

oz/t

one troy ounce per ton, or 34.286 grams per tonne

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P

Php

Philippine pesos

porphyry

an igneous rock that contains conspicuous phenocrysts in fine-grained or glassy ground mass

PQ

diamond drilling coring size of 85.0 mm (3.345”)

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Q

QA/QC

quality assurance/quality control

QP

Qualified Person

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R

RC

reverse circulation

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S

SDMP

Social Development Management Program

semi-massive

a rock unit containing a significant amount of sulphide minerals, without being massive

Sulphide

a mineral characterized by the linkage of sulphur with a metal or semi-metal

Sulphide Project

the Company's Sulphide Project

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T

ton

one short ton (2,000 pounds) or 907.2 kilograms

tonne

one thousand kilograms or 1.1023 short tons

tpd

tonnes per day

TSX

Toronto Stock Exchange

TVI

TVI Minerals Processing Inc

TVIML

TVI International Marketing Limited, an indirect wholly owned subsidiary of TVI

TVIRD

TVI Resource Development Phils, Inc., a corporation formed under the laws of the Philippines. TVI owns 40% of the shares of TVIRD through its indirect wholly owned subsidiary TVI International Marketing Limited. TVIRD owns and operates the Canatuan Mine and several exploration properties in the Philippines

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U

US$

United States dollars

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V

VMS

Volcanogenic Massive Sulphide

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Z

Zn

zinc

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