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Balabag Exploration Update: TVI Commences Infill Drilling at 25 Metre Spacing at Balabag

February 27, 2007

- Infill Program (25-Metre Spacing) Commences on Continued Encouraging Drill Results

- Most Recent Drilling (50-Metre Spacing) at Tinago-Miswi-Lalab Veins Yields Values including:

-- 29.79 gpt Au and 1,534.95 gpt Ag average over 8.25 m

--- Includes 103.92 gpt Au and 5,234.30 over 1 m

-- 11.34 gpt Au and 661.83 gpt Ag average over 8.05 m

-- 6.71 gpt Au and 130.05 gpt Ag average over 8.52 m

-- 4.80 gpt Au and 139.10 gpt Ag average over 6.80 m

- Project Scoping Study Anticipated in Mid-2007


--- Includes 103.92 gpt Au and 5,234.30 over 1 m

-- 11.34 gpt Au and 661.83 gpt Ag average over 8.05 m

-- 6.71 gpt Au and 130.05 gpt Ag average over 8.52 m

-- 4.80 gpt Au and 139.10 gpt Ag average over 6.80 m

- Project Scoping Study Anticipated in Mid-2007-->

CALGARY, ALBERTA--(CCNMatthews - Feb. 27, 2007) - TVI Pacific Inc. (TSX:TVI) (or the "Company") announced today that its Philippine affiliate, TVI Resource Development (Phils) Inc. ("TVIRD") has moved to infill drilling at 25-metre spacing on the Tinago-Miswi-Lalab veins at its Balabag Property - located in the Zamboanga Peninsula in Southern Philippines - to delineate the local epithermal gold vein system further and to determine the consistency of reported mineral values. A preliminary scoping study to assess the Tinago-Miswi-Lalab mineralized zone is expected to be completed in mid-2007.

Certain statements in this News Release constitute forward-looking statements, including statements respecting the timing of a scoping study to assess the Tinago-Miswi-Lalab mineralized zone. Readers should refer to the cautionary statement that appears at the end of this News Release.

TVIRD also reported encouraging metal values from its now completed 50-metre spacing exploration drilling program in Balabag: ranging up to 103.92 grams per ton (gpt) of gold (Au) and up to 5,234.30 gpt of silver (Ag) over approximately one metre. These metal values were reported from assay laboratory results on samples collected from the exploration program since the Company's January 9, 2007 news release.

The Balabag Property is located approximately 75 km East-Northeast of TVIRD's producing Canatuan Mine.

To date, a total of 63 holes (at 50-metre spacing) with a total aggregate meterage (total depth of holes) of 8,060.90 metres have been drilled into the Tinago-Miswi-Lalab veins. The new data reported in this News Release includes the results of the most recent 19 holes for which assay results have been returned to TVIRD. The results noted in the assays include intercepts of 8.25 metre-thick veins averaging 29.79 gpt Au and 1,534.95 gpt Ag; 8.05 m averaging 11.34 gpt Au and 661.83 gpt Ag; and 8.52 m averaging 6.71 gpt Au and 130.05 gpt Ag. The most recent drilling results are summarized in the Assay Table set out below in this News Release.

The infill drilling program currently deploys four drills provided by TVI's Drilling Subsidiary, EDCO Drilling Corporation.

"Company Management considers these results encouraging as we move the Balabag Property forward in our overall portfolio", said TVI President and CEO Clifford M. James. "They support our initial confidence in the area and have prompted us to move to the next phase of exploration at Balabag, which involves infill drilling at 25-metre spacing. The Infill Program is necessary to enable completion of a Scoping-level Evaluation of the Tinago-Miswi-Lalab system, which will be required to assist us in determining whether we wish to proceed to a Mining Feasibility Study."

Maps indicating Balabag hole locations and setting out additional information relating to trenches, tunnels and schematic vein structures are made available as an accompaniment to this News Release on the Company's website at tvi2014.q4web.com. Recent photographs of the exploration program at the Tinago-Miswi-Lalab vein system are also provided.

ADDITIONAL INFORMATION

Technical Review - Tinago-Miswi-Lalab Vein System

The Balabag prospect is centred on a 1.5 km by 1 km structurally controlled area consisting of a series of vein structures occurring in tuffaceous agglomerate and andesitic rocks, bordered to the north and south by NW-SE regional faults displaying sinistral displacement and inducing dilational jogs along a proheminent fracture set. Data collected to date suggests an en echelon system of sigmoidal veins that are stacked together running east-westerly and gently dipping to the north. At Balabag, gold mineralization mainly occurs within quartz carbonate ferrigenous veins hosted in the tuffaceous agglomerate. This volcanic assemblage lies some 3 km to the east of a local dioritic intrusive where copper anomalies have been reported in the past. Such intrusives are often associated with epithermal gold deposits around the Pacific Rim.

The Tinago vein appears to be the largest and more strongly mineralized structure. The mineralization appears to remain notably strong from section 4E to 4W (some 400m along strike) where the vein swell is greatest, yet appears to decrease progressively further west. The Tinago vein remains open to the east. The Miswi-Lalab twin vein system is smaller and thinner and appears somewhat like a smaller version of the Tinago vein.

The latest drilling results suggest the continuation of the Lalab Vein at depth and the extension of the Tinago vein system towards Unaw-Unaw farther to the east. The Lalab vein is inferred to be the western extension of the Miswi vein, however, this has to be validated by further drilling. The Tinago-Unaw-Unaw vein appears to remain open down dip and to the east.

Drilling Status

The initial 50-m interval drilling program consisting of 63 drill holes (BDDH-05-01 to 06-57, BDDH-07-60,07-62,07-63,07-66, 07-68 and 07-71) with a total aggregate meterage of 8,060.90 meters was completed on schedule on February 18, 2007. Infill drilling at 25-m spacing commenced January 9, 2007. To date, 10 infill drill holes (BDDH-07-58, 07-59, 07-61, 07-64, 07-65, 07-67, 07-69, 07-72 to 07-74) have been completed and 3 holes are currently drilling (BDDH-07-70, 07-75, and 07-76) with an estimated total meterage of 664.65 meters.

Concession Status

TVIRD holds an option on the Balabag property which was granted under an agreement with Zamboanga Minerals Corporation ("ZMC"). Balabag lies approximately 75 km east-northeast of the TVIRD's gold-silver mining operation at Canatuan and immediately adjacent to the extensive tenement applications filed by TVIRD in early 2005, which cover an area of 1,257.12 km2. The Mineral Production Sharing Agreement ("MPSA") under which ZMC obtained its rights to the Balabag property covers an area of 47.79 km2. The agreement between TVIRD and ZMC provides TVIRD with an exclusive period, ending in May 2008, to assess the mineral potential of the property. Should TVIRD so elect, the property may be purchased for US$350,000 with ZMC retaining a 2.5% net smelter royalty on the property.

Latest Assay Results

---------------------------------------------------------------------------
From To Interval Au Ag
DDH_ID (m) (m) (m) (gpt) (gpt)
---------------------------------------------------------------------------
BDDH-06-36 111.20 112.20 1.00 1.809 16.50
BDDH-06-37 46.55 48.30 1.75 2.315 30.80
BDDH-06-37 52.35 59.40 7.05 4.850 109.50
BDDH-06-37 118.95 127.95 9.00 0.056 1.30
BDDH-06-37 148.70 151.70 3.00 5.941 21.00
BDDH-06-37 154.65 156.20 1.55 0.242 2.70
BDDH-06-38 28.75 29.95 1.20 0.788 10.60
BDDH-06-38 34.00 37.45 3.45 1.457 19.083
BDDH-06-39 No Samples Sent
BBDH-06-40 38.25 46.50 8.25 29.785 1534.945

BBDH-06-40 74.30 82.35 8.05 11.336 661.832
BBDH-06-41 no significant intercepts
BBDH-06-42 no significant intercepts
BBDH-06-43 37.20 37.67 0.47 3.832 4.900
BBDH-06-44 89.75 91.50 1.75 0.627 29.800
BBDH-06-44 97.50 108.15 10.65 1.025 50.282
BBDH-06-44 128.35 129.00 0.65 0.680 30.500

BBDH-06-45 39.35 44.35 5.00 2.086 15.835

BBDH-06-46 38.55 41.35 2.80 0.919 8.975
BBDH-06-46 48.15 55.80 7.65 2.668 17.137

BBDH-06-46 67.00 73.80 6.80 4.795 139.096
BBDH-06-47 41.60 44.35 2.75 1.745 25.900
BBDH-06-48 152.70 153.65 0.95 2.931 162.900
BBDH-06-48 156.80 158.60 1.80 0.639 12.117
BBDH-06-49 no significant intercepts
BBDH-06-50 40.00 47.30 7.30 0.861 8.168
BBDH-06-50 53.75 56.10 2.35 6.783 125.038

BBDH-06-50 100.65 112.10 11.45 1.767 19.038
BBDH-06-51 no significant intercepts
BBDH-06-52 no significant intercepts
BBDH-06-53 45.70 46.70 1.00 1.025 3.400

BBDH-06-54 89.20 97.72 8.52 6.714 130.046
BBDH-06-54 116.30 117.80 1.50 0.773 24.200
BBDH-06-55 9.80 10.30 0.50 2.391 5.450

---------------------------------------------------------------------------
Aueq
($550 Au
DDH_ID $9.50Ag) Target Remarks
---------------------------------------------------------------------------
BDDH-06-36 2.09 Lalab
BDDH-06-37 2.85 Miswi
BDDH-06-37 6.74 Miswi
BDDH-06-37 0.08 Miswi
BDDH-06-37 6.30 Miswi
BDDH-06-37 0.29 Miswi
BDDH-06-38 0.971 Tinago
BDDH-06-38 1.786 Tinago
BDDH-06-39 Tinago
inc. 1.00 m. of 43.98 gpt Au
and 5234.30 gpt Ag and 1.25
m. of 103.92 gpt Au and
BBDH-06-40 56.298 Miswi 2926.40 gpt Ag
inc. 3.8 m. of 22.98 gpt Au
BBDH-06-40 22.768 Miswi and 1342.34 gpt Ag
BBDH-06-41 Tinago
BBDH-06-42 Lalab
BBDH-06-43 3.917 Tinago
BBDH-06-44 1.142 Lalab
BBDH-06-44 1.894 Lalab
BBDH-06-44 1.207 Lalab
inc. 0 .65 m. of 9.36 gpt Au
BBDH-06-45 2.360 Tinago and 66.05 gpt Ag
inc. 1.0 m. of 10.29 gpt Au
BBDH-06-46 1.074 Lalab and 32.75 gpt Ag
BBDH-06-46 2.964 Lalab
inc.1.0 m. of 12.68 gpt Au
BBDH-06-46 7.198 Lalab and 756.85 gpt Ag
BBDH-06-47 2.192 Tinago
BBDH-06-48 5.745 Lalab
BBDH-06-48 0.848 Lalab
BBDH-06-49 Lalab
BBDH-06-50 1.002 Miswi
BBDH-06-50 8.943 Miswi
inc. 1.4 m. of 17.85 gpt Au
BBDH-06-50 2.096 Miswi and 484.30 gpt Ag
BBDH-06-51 Lalab
BBDH-06-52 Lalab
BBDH-06-53 1.084 Unaw-Unaw
inc. 2 m. of 10.44 gpt Au and
BBDH-06-54 8.960 Tinago W 231.2 gpt Ag
BBDH-06-54 1.191 Tinago W
BBDH-06-55 2.485 Unaw-Unaw
For the purpose of calculating gold equivalent values a gold price of US$ 550 per oz and silver US$ 9.50 per oz were used. Au and Ag equivalent calculations reflect gross metal content and have not been adjusted for metallurgical recoveries. True widths are approximately 85% of the reported lengths.

A technical report (prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")) setting out additional details relating to the prior sampling program at Balabag was filed (on SEDAR) with certain securities regulatory authorities in Canada on September 27, 2005. Additional information concerning the geology, mineral occurrences and nature of mineralization found at Balabag is also set out in the September 27, 2005 report.

About TVI Pacific Inc. (TSX:TVI)

TVI Pacific Inc. is a publicly traded Canadian mining company focused on exploring for and producing precious and base metals within district scale systems in Asia.

In the Philippines, TVI's most advanced project, the Canatuan Mine (the first foreign-invested, new, mining project in the Philippines since the passage of the Philippine Mining Act of 1995) began mining and milling operations in mid-2004, producing gold and silver dore. In 2006, TVI received a completed NI 43-101 feasibility study on the Canatuan Sulphide project prepared by Norwest Corporation. The report has been filed with certain securities regulatory authorities in Canada and is available on the SEDAR website at www.sedar.com. The Norwest study addresses the copper-zinc bearing massive sulphide zone, or lower portion of the Canatuan Deposit. Construction of the Sulphide Project at Canatuan is now underway. In addition, TVI holds a 2.5% NSR on the Philippine-based Rapu Rapu project operated by Lafayette Mining Ltd. Exploration in the Philippines is being conducted at Canatuan, in an effort to expand TVI's mineral resource base and to find new deposits, at Balabag and at other areas which management of TVI view as compelling exploration properties.

In China, TVI's wholly-owned Chinese subsidiary, Hunan Pacific Geological Exploration Inc. ("HPGEI"), was the first foreign mining company to be granted both WOFE status and a Qualified Explorer License. The exploration program in China is focused primarily within the Golden Triangle area, a highly prospective metallogenic region in China's south-western provinces of Yunnan, Guizhou and Guangxi Autonomous Region and prospective areas in the Tibet Autonomous Region. HPGEI has 2,394 sq kms of land under application in China in the Golden Triangle and in the Tibet A.R.

TVI also has a Drilling Segment consisting of Exploration Drilling Corporation ("EDCO"), a wholly-owned subsidiary of TVI Pacific Inc. based in the Philippines, and Hunan Pacific Drilling ("HPD"), a segment of HPGEI based in China, which generates revenue from contract drilling.

Carl L. Caumartin BSc, P.Eng., MBA, Vice President, Exploration of TVI Pacific Inc. is serving as TVI's "Qualified Person" (as contemplated by National Instrument 43-101 (Standards of Disclosure for Mineral Projects)), for purposes of the Balabag exploration project. Mr. Caumartin has reviewed and approved this news release and has verified the data, including sampling, analytical and test data, set out in this news release. McPhar Laboratory of Manila, Philippines, an ISO 9001/2000 accredited laboratory, performed the sample preparation and assaying for the current sampling phase of the exploration project at Balabag. Gold analysis was by 50 gm fire assay fusion; where gold values were greater than 3 ppm assay values were by gravimetric finish and by AAS where the values were less than that threshold. Silver was determined by AAS after an HCL-HNO3-HClO4 digest. Pulp and coarse duplicate results were included in the analytical report. A blank and a standard sample were included for each batch of 50 samples for quality control. A replicate assay was done on every 20th sample and certified reference materials were used in every 20 samples. In addition to the laboratory's internal QA/QC, TVIRD independently inserted blanks and standards randomly, but on average every 20th sample.

Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. Forward-looking statements are based upon the opinions and expectations of management of the Company, as at the effective date of such statements. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that those expectations will prove to have been correct.

Forward-looking statements are subject to certain risks and uncertainties (known and unknown) that could cause actual outcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include, but are not limited to, such things as the volatility of prices for precious metals and base metals, commodity supply and demand, fluctuations in currency and interest rates, inherent risks associated with the exploration and development of mining properties, ultimate recoverability of mineral reserves, timing, results and costs of exploration and development activities, availability of financial resources or third-party financing, new laws (domestic or foreign), changes in administrative practices and changes in exploration plans or budgets. Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this News Release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes. Forward-looking information relating to the timing of completion of the scoping study to assess the Tinago-Miswi-Lalab mineralized zone is based upon the timing and results of prior exploration activities at Balabag, timing expectations relating to completion of the next phase of the exploration program at Balabag, prior experiences with scoping studies undertaken in respect of Philippines exploration properties, the current exploration plan developed by the Company and the Company's current budget and overall strategy for exploration in the Philippines, which plans, budget and strategy are all subject to change. The forward-looking statements of the Company contained in this News Release are expressly qualified, in their entirety, by this cautionary statement. Various risks to which the Company is exposed in the conduct of its business (including exploration activities) are described in detail in the Company's Annual Information Form for the year ended December 31, 2005, which was filed on SEDAR on March 30, 2006 and is available under the Company's profile at www.SEDAR.com. Subject to applicable securities laws, the Company does not undertake any obligation to publicly revise the forward-looking statements included in this News Release to reflect subsequent events or circumstances.

The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

For more information, please contact

TVI Pacific Inc.
Clifford M. James
President and CEO
(403) 265-4356

or

TVI Pacific Inc.
Paul Moon
Director, Corporate Communications
(403) 265-4356
(403) 264-7028 (FAX)
Email: tvi-info@tvipacific.com
Website: tvi2014.q4web.com