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Philippines Exploration Update: TVI Targets Expanded 2007 Philippine Exploration Program

March 01, 2007

- Adds Aerial Geophysical Survey for Canatuan Area

- Designed To Address Key Philippine Exploration Objectives:

-- Determine Whether Additional Resources Are Present near Canatuan in Sufficient Quantities to Enable TVI to Extend the Life of the Canatuan Mine

-- Determine If Minerals Are Present in Sufficient Quantities at Balabag to Support a Second Mine

-- Assess the Extent of Copper-Gold Mineralization on other Company- Controlled Tenements

- Exploration Activities Expected To Be Funded From Internally Generated Cash Flow


-- Determine If Minerals Are Present in Sufficient Quantities at Balabag to Support a Second Mine

-- Assess the Extent of Copper-Gold Mineralization on other Company- Controlled Tenements

- Exploration Activities Expected To Be Funded From Internally Generated Cash Flow-->

CALGARY, ALBERTA--(CCNMatthews - March 1, 2007) - TVI Pacific Inc. (TSX:TVI) ("TVI" or the "Company") today provided a review of its expanded Philippine exploration program for 2007, as recently approved by its Board of Directors. The Philippine Exploration Work Program to be carried out by TVI's affiliate, TVI Resource Development (Phils.), Inc. ("TVIRD") and funded by internally generated cash flow, targets the Company's main strategic exploration objectives within its current exploration areas of Canatuan, Balabag, North Zamboanga and in the greater Philippines.

The Company announced that an Aerial Geophysical Survey encompassing 371 km2 to be flown over the Canatuan Tenements, including the Canatuan mine area and the recently identified new prospects at Tabingan, Matigdao and Palalian, is expected to be added to the 2007 Program.

"TVI has created a platform of growth in the Philippines and we plan to capitalize on it," said Clifford James, TVI President and CEO. He added, "We believe the Canatuan area has the potential to become a long-term Mining Camp and TVI is reinvesting its cash flow to find out if we're right. The Aerial Survey adds an important element to the search."

Maps setting out additional information relating to the Exploration Work Program may be found on the Company's website at tvi2014.q4web.com. An explanation of Philippine Tenement Terms can also be found on the Company's website.

Certain information set out in this News Release constitutes forward-looking information, including information concerning exploration initiatives at Canatuan, Balabag, North Zamboanga and the greater Philippines, the funding of those initiatives, the timing of receipt of certain governmental approvals in the Philippines and the timing of preparation of an updated NI 43-101 report for Canatuan. Readers should carefully review the cautionary statement respecting forward-looking information that appears at the end of this News Release.

CANATUAN MINE

Determine Whether Additional Resources Are Present in the Vicinity of the Canatuan Mine

The following information should be read in conjunction with the New Release issued by the Company on January 18, 2007.

TVIRD completed a systematic infill and expansion drill program at Canatuan in late 2006 to determine whether additional mineral resources are present at Canatuan in sufficient quantities to enable TVI to replace depleting reserves and extend the life of the mine. The program involved 125 reverse circulation drill holes (an aggregate of 4,761 meters) and 72 diamond drill holes (an aggregate of 3,619 meters) for a combined total of 8,380 meters.

Information and assay data from this program are now being compiled. Management of TVI expects that an updated NI 43-101 mineral resource/reserve report for Canatuan will be completed in the near future.

During the first half of 2007, an aggressive Canatuan near mine exploration program, including infill test-pitting and channel sampling is scheduled. These multiple prospects are located within the Canatuan Mine's Mineral Production Sharing Agreement area ("MPSA"), on Application for Production Sharing Agreements ("APSA") License Nos. 23 and 39 and on Exploration License Application ("EXPA") License No. 42.

Tabingan, Matigdao-Palalian: Further Exploration of Potential New Gossan and Sulphide Prospects

The following information should be read in conjunction with the News Releases issued by the Company on February 13 and 15, 2007.

One of the key objectives of TVIRD's exploration program in the Canatuan area is to determine if additional ore bodies are present that can provide feedstock for both the current Gossan mill at the Canatuan mine and the Sulphide mill now under construction, which would allow TVIRD to extend the life-of-mine and enhance the profitability of the overall project.

TVIRD has identified a new copper-gold prospect called Tabingan, which is located approximately 10 aerial kilometres northeast of Canatuan. TVI's 2007 Exploration Program contemplates further evaluation of this sulphide body on a priority basis.

The Matigdao and Palalian prospects, where TVIRD has identified occurrences of gold, silver and copper mineralization, are located approximately five kilometres northeast of Tabingan. Six channel samples from one drift assayed an average 6.45 grams per tonne (gpt) Au and 264 gpt Ag, open along strike and at depth. Additional samples taken from test pits produced values of 3.63 gpt Au, 180 gpt Ag and 7.99% Cu.

Further exploration work, including systematic mapping, test-pitting, trenching and eventually drilling is planned to assess the potential of these prospects (located on EXPA License No. 61) as an alternative mill feed source for gossan and/or sulphide.

As previously announced, TVIRD has entered into the Free Prior Informed Consent (FPIC) process, which is a prerequisite to the signing of a Memorandum of Agreement (MOA) with the Indigenous People resident in the area. Once final approvals are received - anticipated later in 2007 - the Company expects to initiate a drilling program on these prospects utilizing TVI's drilling subsidiary, Exploration Drilling Corporation Inc.

Aerial Geophysical Survey

Most of the sulphide and gossan polymetallic occurrences found in the Canatuan district are associated with a specific quartz-sericite schist unit which has been mapped over 40 kilometres along strike. TVI tenements cover this unit.

A comprehensive aerial geophysical survey of the Canatuan tenements, covering approximately 371 km2, is scheduled for the first half of 2007. The survey is to be undertaken to investigate the prospective quartz-sericite schist horizon rapidly, to prioritize additional fieldwork, and to identify additional potential drill targets.

Balabag Project

Determine If Minerals Are Present in Sufficient Quantities to Support a Second Mine

The following information should be read in conjunction with the news release issued by the Company on February 27, 2007.

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.

TVIRD also reported encouraging metal values from its now completed 50-metre spacing exploration drilling program at Balabag. The results noted in the most recent assays include intercepts of 8.25 metre-thick veins averaging 29.79 gpt Au and 1,534.95 gpt Ag (incl. 103.92 gpt of Au and 5,234.30 gpt of Ag over approximately one metre); 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. A detailed summary of Balabag assay results was included in the Company's February 27, 2007 news release and readers are referred to that news release for additional details.

The Balabag Property is located approximately 75 km East-Northeast of the Canatuan Mine.

Assess the Extent of Copper-Gold Mineralization on other Company- Controlled Tenements

North Zamboanga Tenements: Tamarok and Tapisa - Longer Term Targets

The following information should be read in conjunction with the news release issued by the Company on February 7, 2007.

Recent reconnaissance surveys by TVIRD, involving semi-detailed geological mapping and sampling over portions of the Tapisa and Tamarok tenement applications in the Northern Zamboanga Peninsula, Philippines, support previously reported historical findings and have identified additional copper and gold prospective occurrences.

TVIRD has mapped 17.5 kilometers of drainage system and collected 314 rock/channel samples. Sampling results over this prospect yielded 38 meters averaging 0.705% Cu and 0.35gpt Au. Recent exploration work also identified a number of new occurrences. The nearby Silawa-Tigon Creek area prospect has more than 110 meters of nearly contiguous channel sampling of dioritic outcrops averaging 0.3% Cu. The results of assays undertaken over significant intervals on these prospects are considered encouraging by management of the Company.

The Tamarok APSA is located approximately 50 kilometres north-northeast of TVI's Balabag property. The Tapisa prospect (under Application for Financial Assistance Agreement - "AFTA" No. 13) is located immediately east of the Tamarok prospect.

The Tamarok and Tapisa tenement applications are being pursued on a priority basis. An exploration program consisting of fieldwork and 800 meters of drilling to test prospective targets is planned following receipt of governmental approvals.

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 at 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 2007 exploration program as described in this News Release. Mr. Caumartin has reviewed and approved this News Release and has verified the statements set out in this News Release.

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 and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information provided or disseminated by third parties is reliable, 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 events or 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 to 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 anticipated exploration activities in the Philippines is based upon the results of prior exploration activities and current exploration plans, which are, in turn, premised on such things as the prices for precious metals and base metals, commodity supply and demand, currency and interest rates, recoverability of mineral reserves, timing, results and costs of development activities, availability of financial resources or third-party financing, applicable laws (domestic or foreign) and development budgets. In certain cases, the anticipated timing of exploration activities is dependent upon the receipt of regulatory approvals from government authorities in the Philippines. The Company has no control over the timing of processing of applications for such regulatory approvals. Forward-looking information relating to the funding of the 2007 Exploration Work Program is based upon achievement of targeted production from the Canatuan mine and the continuance of existing commodity prices. Forward-looking information relating to the timing of completion of an updated NI 43 101 report for Canatuan is based upon the timing and results of prior exploration activities at Canatuan, timing expectations relating to completion of the next phase of the exploration program at Canatuan, prior experiences with similar reports involving Canatuan, 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 (NTD: Paul, any further factors or assumptions? Are the factors listed correct?). 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
(403) 264-7028 (FAX)

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