• MPSA granted for Tamarok

• Pre-drilling exploration underway

• Potential for large-scale porphyry copper-gold mineralization system

• Exploration supports historical findings and has discovered new prospects

• Free, prior and informed consent received from local community for Tamarok

• Geological mapping, geophysical surveys and drilling program planned for 2010

High Impact Exploration - Tamarok

The Tamarok property is located 50 kilometres southwest of Dipolog, Zamboanga del Norte, on the island of Mindanao in the Philippines. The property is part of TVIRD’s extensive 1,240 km² North Zamboanga tenements package. The Tamarok property is wholly-owned by TVIRD.

TVIRD has carried out significant surface exploration, geological mapping and rock/channel sampling over the Tamarok area. Assay results from channel samples are consistent with, and have extended the historical results of, previous operators. Recent exploration work has also identified a number of new occurrences of interest. The results of assays taken over significant intervals on the property indicate the potential for a sizeable porphyry copper-gold system.

Due to the prospective nature of the occurrences at Tamarok, discussions have been carried out with the local indigenous communities. TVIRD has received free prior informed consent authorizing further exploration. TVIRD expects to be able to carry out additional geological mapping and geophysical surveys, as well as initial drilling operations, over the most prospective areas soon.

Tapisa

Immediately east and adjacent to the Tamarok property is the 345 km² Tapisa property. The tenement area is wholly owned by an affiliate of TVI. Tapisa has been subjected to significant surface exploration, geological mapping and rock/channel sampling. Tapisa is expected to be a priority exploration area for TVIRD and discussions are underway to secure free prior informed consent from the local indigenous communities.