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TVI Releases Second Quarter Operating Results for Canatuan Mine

August 16, 2007

- Metal Production of 15,437 Ounces - 16% Increase from First Quarter

- Record Mill Throughput - 10% Higher than First Quarter; 46% Increase From Q2 2006

- Record Gold Recovery Of 91.1%

- Silver Recovery Approaching Target Of 60.0%

CALGARY, ALBERTA--(Marketwire - Aug. 16, 2007) - TVI Pacific Inc. (TSX:TVI) ("TVI" or the "Company) today released second quarter operating statistics for the Canatuan Mine, located in the southern Philippines, which is owned by its affiliate, TVI Resource Development (Phils) Inc. ("TVIRD"). The Canatuan mine significantly improved its operating performance compared with the first quarter, setting records for gold recovery and mill throughput.

During the second quarter, the Canatuan mine produced 15,437 gold equivalent ounces ("AuEqOz") of metal, an increase of 16% from the first quarter of 2007 and comparable to the same period during 2006. On a year-to-date basis, the Canatuan Mine has increased production to 28,745 AuEqOz of metal compared with 27,278 AuEqOz produced during the first half of 2006. Production during the second quarter consisted of 10,587 ounces of Gold (Au), up 19% from the first quarter, and 243,296 ounces of Silver (Ag), up 14% from the first quarter.

As a result of the changing feed grade and the higher mill throughput, the Canatuan Mine produced significantly more silver compared with prior periods, thereby offsetting the decrease in gold production. For the second quarter, the Canatuan Mine produced 243,296 oz of silver, an increase of 57% from the same quarter in 2006, while gold production decreased 16% compared with the prior year.

Certain information set out in this News Release constitutes forward-looking information, including information relating to the anticipated timing of production of copper and zinc concentrates from the sulphide zone underlying the gossan reserve. Readers should review the cautionary statement respecting forward-looking information that appears at the end of this News Release.

"We are very pleased with the continued performance improvements at the Canatuan mine," said Clifford M. James, TVI President and CEO. "Our goal is to implement further productivity improvements and achieve significant cost reductions in the coming months as we continue to position the mine to begin producing copper and zinc concentrates from the underlying massive sulphide reserves in mid-2008."



The following table summarizes the Canatuan Mine's operating statistics
since the beginning of 2006.

% chg
over
Q1/06 Q2/06 Q3/06 Q4/06 Q1/07 Q2/07 Q1/07
----------------------------------------------------------------------------
Mill throughput (dry
metric tonnes):
Total ore processed 114,199 129,758 165,394 181,829 172,129 189,813 10%
Average daily
throughput 1,269 1,426 1,798 1,976 1,913 2,086 9%
Feed grade (grams per
tonne):
Gold (Au) 3.09 3.39 2.68 2.04 1.85 1.90 3%
Silver (Ag) 72.24 60.96 42.85 40.52 76.59 67.46 -12%
Production volume
(ounces):
Gold (Au) 9,148 12,613 12,730 10,719 8,930 10,587 19%
Silver (Ag) 140,727 154,838 157,550 155,392 214,282 243,296 14%
Gold equivalent
ounces (AuEqOz) 11,641 15,636 15,698 13,904 13,308 15,437 16%
Recoveries:
Gold (Au) 80.56 89.17 89.45 89.76 87.39 91.08 4%
Silver (Ag) 53.06 60.89 69.14 65.6 50.55 59.10 17%
----------------------------------------------------------------------------


During the second quarter, the Canatuan Mine set a production record for mill throughput, averaging 2,086 dry metric tonnes per day (2,000 dry metric tonnes on a year-to-date basis). Compared with the prior year, the Canatuan Mine has increased mill throughput by nearly 50%. The Canatuan Mine plans to continue optimizing mill production and is targeting to exceed 2,200 dry metric tonnes per day by the end of 2007.

Feed grade during the second quarter of 2007 was 1.90 grams per tonne ("gpt") of gold and 67.46 gpt of silver, compared with 3.39 gpt of gold and 60.96 gpt of silver during the second quarter of 2006. Gold content has been relatively stable over the past three quarters and the silver content during the first six months of 2007 was higher than during 2006. Over the past year, the feed grade has changed because the chalcocite and sulphide content of the gossan ore increases as mining operations approach the massive sulphide zone underlying the gossan reserves. By increasing mill throughput volumes, and by blending gossan ore from different areas within the current pit, TVI has been able to optimize and sustain metal production levels (on a gold equivalent basis) in response to these changes in the feed grade.

Gold recovery reached a record high, averaging 91.08%, and silver recovery averaged 59.10% during the second quarter compared with gold recovery of 89.17% and silver recovery of 60.89% during the same period last year. Both gold and silver recoveries have improved compared with the first quarter of 2007 and the Canatuan Mine is targeting to further improve silver recovery in the near term.

For additional information on the Canatuan Mine, please refer to the National Instrument 43-101 ("NI 43-101") technical report prepared by Geostat Systems International Inc. ("Geostat"), which was filed with certain securities regulatory authorities in Canada on August 21, 2006 and is available on the SEDAR website at www.sedar.com. The Geostat report assesses the gossan mineral reserves and resources at the Canatuan deposit.

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 the Philippines and other Asian countries. The Company owns the Canatuan Mine and its other Philippine assets through its affiliate, TVI Resource Development (Phils.) Ltd. ("TVIRD"). TVI's most advanced project, the Canatuan Mine, currently produces gold and silver dore.

In 2006, TVIRD 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 through the SEDAR website at www.sedar.com. The Canatuan sulphide project includes a copper-zinc bearing massive sulphide zone underlying the gossan zone currently being mined at Canatuan. Construction of the sulphide project is underway and TVI plans to be in production in mid-2008. The Company is currently arranging financing for the sulphide project.

TVIRD also holds a 2.5% net smelter royalty on the Philippine-based Rapu Rapu project operated by Lafayette Mining Ltd. as well as other significant land positions in the Philippines. TVIRD is focusing its exploration efforts on expanding the mineral resource base near the Canatuan Mine and on the Balabag project, for which the Company recently released a resource estimate that has been filed on SEDAR.

Through a wholly-owned Chinese subsidiary, the Company has 2,394 km2 of land under application in China in the Golden Triangle and in the Tibet Autonomous Region.

TVI's drilling business operates a fleet of 21 drill rigs, providing contract drilling services to the Company's exploration projects and to third parties. The drilling business provides the Company with priority access to drilling equipment at low costs and the opportunity to generate cash flow from third party contracts.

Andrew Bradfield BSc, P.Eng., Vice President, Operations of TVI Pacific Inc., serves as TVI's "Qualified Person" (for purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Deposits) on the Canatuan project and has reviewed 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 obtained from third party sources 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 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 respecting the anticipated timing of production of copper and zinc from the sulphide zone underlying the gossan reserves at Canatuan, is based upon the status of negotiations concerning financing of the sulphide project, the status of TVIRD's program to source equipment for the expansion of the Canatuan mine, progress made to date in the construction of the sulphide plant at Canatuan, management's experiences with the construction of the gossan processing facility at Canatuan, the current business plan developed by the Company and the Company's current budget and overall strategy for the Canatuan mine, 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 are described in detail in the Company's Annual Information Form for the year ended December 31, 2006, which was filed on SEDAR on March 29, 2007 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