TSX-V : TVI

Stock Quote: VSE

Price 0.03$

Change (+0%) +0.00

Volume 200,000

Today's Open 0.03$

Previous Close 0.03$

Intraday High 0.03$

Intraday Low 0.03$

52 Week High 0.04$

52 Week Low 0.02$

Apr 19, 2024 03:22 PM Pricing delayed 20 minutes

OTCQX : TVIPF

Stock Quote: OTC

Price 0.02$

Change (+33.56%) +0.00

Volume 40,000

Today's Open 0.02$

Previous Close 0.01$

Intraday High 0.02$

Intraday Low 0.02$

52 Week High 0.03$

52 Week Low 0.01$

Apr 17, 2024 03:20 PM Pricing delayed 20 minutes
Corporate
Presentation
Corporate Presentation Find out more about TVI through our latest Corporate Presentation GO TO CORPORATE PRESENTATION
The Balabag
Gold-Silver
Project
The Balabag Gold-Silver Project Find out more about the Balabag Gold-Silver Project WATCH VIDEO
The Canatuan
Experience
The Canatuan Experience Click here to review TVI's history of success at the Canatuan project GO TO THE CANATUAN EXPERIENCE

Email UpdatesSign up to receive email updates.

Email Address *

 
Enter the code shown above.

TVI Disappointed With Rights & Democracy Report

May 30, 2007

Rights & Democracy Human Rights Impact Assessment Methodology and Execution Problematic

Flawed Execution Results in Flawed Information & Conclusions

- TVI co-operated with Rights & Democracy; supports the Rights & Democracy mission and the development of the Human Rights Impact Assessment Methodology (HRIA)

- But criticizes "flawed execution" - through the use of biased, anti-mining organizations as the Philippines "research team"; instead of impartial observers or community representatives

- Disappointed that Rights & Democracy failed to honour commitment to a consultative process

- Philippines case study included in the Report is substantially incorrect/distorted in fact and interpretation rendering its conclusions/recommendations questionable

CALGARY, ALBERTA--(CCNMatthews - May 30, 2007) - TVI Pacific Inc. (TSX:TVI) ("TVI" or the "Company") announced today that, while it applauds the mission and objectives set out in the recently published Rights & Democracy Report, entitled "Human Rights Impact Assessments for Foreign Investment Projects", the Company is very critical of the flawed execution of the Philippines Case Study contained in the Report.

TVI Pacific voluntarily participated in the Philippines Case Study, as the Company is proud of its achievements in advancing human rights in the communities in which it is active in the Philippines. The Company believes that further progress in relation to human rights and the development of indigenous peoples is attainable with the benefit of an open dialogue involving interested parties and constructive input from objective third parties. TVI Pacific is supportive of the Rights & Democracy goal to develop and test a methodology for human rights impact assessments for foreign investment projects and proposes to adopt a modified Human Rights Impact Assessment Methodology to augment the existing Social Impact Assessment approach for project scoping and development.

However, the Philippines Case Study included in the Report is, in the Company's view, seriously flawed and factually incorrect in a number of important respects. The Case Study was prepared not directly by Rights & Democracy, but rather by a "research team", which consisted of well-known opponents of the mining industry in general and TVI Pacific's Canatuan project in particular. Predictably, the Case Study evidences a biased view of TVI Pacific's operations in the Philippines and completely ignores the positive effects of its numerous initiatives to improve the well-being and standard of living of the indigenous population in the area surrounding its Canatuan mine and its efforts to minimize the environmental impact of mining operations at Canatuan.

"We expect it is more than simple coincidence that the conclusions and recommendations set out in the Philippines Case Study coincide with positions advocated by members of the "research team" over the past decade", noted Cliff James, the President and Chief Executive Officer of TVI Pacific. "Those organizations have consistently taken positions adverse to TVI Pacific over an extended period of time and the Philippines Case Study included in the Report provided them with another forum to propagate their agenda. A central feature of that agenda is the prevention of new foreign financed mining projects in the Philippines, such as TVI's Canatuan project, and the repeal of the Philippines Mining Act, which certain of the members of the "research team" unsuccessfully challenged before the Philippines courts. Not surprisingly, the "research team" largely ignored the very positive benefits that our presence in the Philippines has produced in the areas of human rights, health, education, security, employment, standard of living, culture, housing and freedom of association, all of which would be adversely affected if we were to suspend our operations at Canatuan as they wish. In the Report, Rights & Democracy indicated that it is not in a position to verify the facts stated in the case studies and disclaimed responsibility for the accuracy, completeness or usefulness of the information set out in those case studies. Having regard to the ideological and economic agendas of the groups comprising the Philippines "research team", a biased approach to the Philippines Case Study was foreseeable and we are disappointed that Rights & Democracy did not take steps to ensure a balanced, objective approach."

A more objective review of the human rights impact of the project would have included an assessment of the following initiatives introduced by TVI in the following areas:

Right to Health: Including the provision of a hospital; Operation Smile (that repaired a widespread harelip affliction); prevention of maternal and infant mortality; sanitation programs; and many more

Right to Education: Nine Company paid teachers teaching in six schools; 19 college scholars; 12 students receiving educational assistance; have provided schools and classrooms, and school supplies, computers and other instructional materials and equipment, continuing Indigenous People capacity building

Right to Life and Security: The security force has served as a deterrent to attacks from armed groups operating in the area making residents more mobile and safe even at night

Right to Work: Reference the large number of Subanons in active employment; the employment multiplier in the area; the on-the-job and pre-employment training

Right to an Adequate Standard of Living - In addition to wages and employment: the livelihood programs, the entrepreneurial developments, the provision of water, electricity, sanitation, transportation, and more

Right to Culture: Reference the program of Subanon cultural promotion, art workshops, youth camp focusing on cultural promotion, community museum

Right to Self-determination: The representatives of the majority of the indigenous community, supported by the majority, entered into a Memorandum of Agreement that provides a Royalty of 1% of gross revenues and many other benefits and rights

Right to Housing: The Company is constructing the new Tanuman village and other housing projects

Respect for the Right of Freedom of Association: Recognition of both new and traditional institutions and the dignity of the indigenous leaders: the Council of Elders, the Siocon Subanon Association Inc., the Siocon Subanon Women's Association Inc., the Community Youth Achievers

It is also important, from a human rights perspective, that the presence of TVI has intensified and is continuing to increase the presence of government and government services in a location where the State was previously absent. Among the mechanisms to achieve this goal has been a partnership of TVI and the local government to deliver a number of joint projects for the benefit of the community, including a spillway to facilitate transportation to the Municipality, and the promotion of sports and community projects.

Readers are invited to review the companion document to this News Release, available on the Company's website at tvi2014.q4web.com, for a more detailed critique of the Philippines Case Study and a review of the positive impact on human rights contributed by the Company.

Readers are also invited to consult the web site of TVI Pacific's Philippines affiliate, TVI Resource Development (Phils.) Inc. ("TVIRD") at www.tviphilippines.com for extensive coverage of the programs contributing to the improved enjoyment of human rights in stakeholder communities as described above.

"That said," Mr. James added, "our activities are a work-in-progress and we have made significant advances since the time of the study. Our interaction with the Canadian team from Rights and Democracy has strengthened our implementation of rights sensitive programming. In addition, we share the sensitivity of all right-thinking people to the issue of conflict and armed security in Mindanao; we are working to implement the principles of the Voluntary Principles on Security and Human Rights; and we are working in a number of ways to contribute to demilitarization of the region - from the provision of economic development and jobs, to rethinking security management."

Among other things, TVIRD recently appointed a Vice President of Social Commitment, Ms. Feliece I. Yeban, who was previously a Professor of Human Rights Education and was once Deputy Chair of Amnesty International Philippines. Ms. Yeban has complete responsibility for all of TVIRD's social development and community relations initiatives in the Philippines. The Company's Social Commitments program is being fashioned within a human rights paradigm in keeping with the Norms on the Responsibilities of Transnational Corporations and Other Business Enterprises with regard to Human Rights (the "UN Norms for Business").

TVI Pacific noted that its disappointment with the Report also extends to a failure on the part of Rights & Democracy to uphold its commitment to TVI to provide a draft copy of the Report to the Company for comment, and to arrange a meeting with the Philippines "research team" for discussion, prior to finalization of the Philippines Case Study. Allowing interested parties to comment on a draft report is also identified as an essential component of the methodology described by Rights & Democracy in the Report. Step 7 of that methodology, as set out in the Report, reads, in part, as follows: "The draft report will be circulated for comment among all parties. The nature of unresolved disputes and should be clearly articulated and included in the final report, but the research team maintains responsibility for the final content." Despite repeated requests, TVI Pacific was not provided with a draft copy of the Report for comment, but rather received a copy of the final report on Monday, May 28, 2007.

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 through its affiliate TVI Resource Development (Phils.) Ltd. ("TVIRD"). 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 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, TVIRD 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 TVIRD'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 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.

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