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Canatuan Mine Operations Update: TVI's Sulphide Project Process Engineering Progressing; Gossan Operations Cleanup And Conversion Continue

May 14, 2008

    (TSX: TVI)

    -   Sulphide Project Moving Ahead
    -   Gossan Facilities Cleanup And Conversion On Track
    -   Gossan Project Q1 Performance Reported

    CALGARY, May 14 /CNW/ - TVI Pacific Inc (TSX: "TVI" or the "Company")
today provided an update for the Canatuan Mine, which is located in Southern
Philippines and operated by the Company's affiliate, TVI Resource Development
(Phils.) Inc ("TVIRD"). This news release should be read in conjunction with
the Company's interim consolidated Financial Statements and Management's
Discussion and Analysis for the period ending March 31, 2008, which have been
filed with certain securities regulatory authorities in Canada and are
available on SEDAR (www.sedar.com) and on the Company's website
(tvi2014.q4web.com).

    Certain statements in this News Release constitute forward-looking
statements, including statements respecting the timing of commencement of
construction of the next segment of the sulphide dam at Canatuan, completion
of the gossan cleanup phase and the time frame for ongoing environmental
rehabilitation activities at Canatuan. Readers should refer to the cautionary
statement that appears at the end of this News Release.

    Sulphide Project Advancing

    The Company reported that activities are onging in relation to the
engineering, development and construction of a copper-zinc flotation plant to
process ore from the lower, sulphide portion of the Volcanogenic Massive
Sulphide deposit located at Canatuan. The sulphide portion of the ore body
underlies the oxidized, gossan zone, which has now successfully been mined at
the TVIRD Canatuan site.
    TVIRD has contracted an Australia-based engineering and management firm,
Intermet Engineering, to assist in finalizing and optimizing the process
design and engineering specifications for its Sulphide Project production
facilities at Canatuan. New senior personnel have been recruited to oversee
the engineering, development and construction of the sulphide plant, the
improvement of the road leading to and from the port and the construction of
port facilities to support the shipment of copper and zinc concentrates.
    TVIRD procured an additional ball mill in 2007, which, when added to the
existing equipment at Canatuan, brings the initial capacity of the milling
equipment sourced for the sulphide project to 1,300 dry metric tonnes ("dmt")
per day. Completed works include an additional warehouse and, most
importantly, the foundation of the sulphide dam for the copper-zinc tailings.
Construction of the next segment of the dam (required to bring it to initial
operating height) is scheduled to commence shortly.
    On the social and community side, TVIRD has extended its
information-education-communication campaign among the residents of
communities in and around Canatuan to provide additional information about the
project.

    Cleanup Of Gossan Facilities And Conversion For The Sulphide Project

    Since grinding operations concluded on April 9, 2008, TVIRD has conducted
an extensive cleanup of its gossan facilities, harvesting residual metal from
all circuits. The last dore shipment was made on April 24, 2008.
    As well, the operations team has stepped up its efforts to convert
gossan-related facilities to sulphide operations. The cleanup and conversion
activities include, among other things, the refurbishment of the crushing
plant and the conveying system, the relining and refurbishment of the ball
mills and the overhauling and conditioning of conveyance equipment for use in
the processing of sulphide ore. The cleanup phase is expected to be completed
by the middle of May 2008.
    Environmental rehabilitation activities, which began in 2004 when TVIRD
commenced its gossan operations, continue to be undertaken, and are scheduled
to be sustained through 2013. These activities consist primarily of
revegetation, reforestation and structure improvements. TVIRD has planted over
100,000 trees in Canatuan since 2004.
    TVIRD has determined that the Sulphide Project will require a smaller
organization and a different set of skills than the Gossan Project.
Accordingly, effective April 18, 2008, TVIRD initiated a major reduction of
manpower by 168 personnel; those who occupied positions that are not needed
during the transition period and when the sulphide operations begin.

    Gossan First Quarter 2008 Operations Performance

    The Canatuan Project processed more ore in the first quarter of 2008
vis-a-vis the same period in the previous year. It processed 176,101 dmt in
Q1, 2008 versus 172,129 in Q1, 2007. However, due to expected lower metal
grades and recoveries, the project produced 5,067 gold equivalent ounces
("AuEqOz") in the first quarter of 2008, down 38% from the 13,308 AuEqOz in
the same quarter last year. Production in the first quarter consisted of 4,466
ounces of gold ("Au") and 32,128 ounces of silver ("Ag"), compared with 8,930
Au and 214,282 Ag in the first three months of 2007. Additional information on
Q1,2008 performance can be found on the Company's website at
tvi2014.q4web.com.
    "The Gossan Project performed better in the first quarter of 2008 than we
had anticipated as a consequence of successful mining practices and
appropriate cost reductions," said Clifford M. James, TVI President and CEO.
"We had expected our gossan operations to cease by the end of March, but were
able to extend the extraction of gold and silver to the second week of April
as a result of clean up operations. The additional period of operations
generated incremental metal production and cash flow. Looking forward, in
addition to the construction of the Sulphide Project, we have begun to
consider the possibility of using the heap leaching technique of metal
recovery, a low-cost method of processing ore, for the remaining low-grade ore
at Canatuan. We believe that this process could be viable, given the current
price of precious metals."

    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. The Company's interest in the Canatuan Mine and
its other Philippine assets are held through its affiliate, TVI Resource
Development (Phils.) Ltd.

    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
respecting the timing of commencement of construction of the next segment of
the sulfide dam at Canatuan, is based upon progress made to date on the
construction of the foundation for the sulfide dam, advice received from
third-party contractors with respect to the timing of various components of
the construction project, prior experiences of management with construction
activities at Canatuan, the current development plan for Canatuan and the
Company's current budget and overall strategy for Canatuan, which plans,
budget and strategy are all subject to change. Forward-looking information
concerning the completion of the gossan cleanup phase at Canatuan is based
upon progress made to date in relation to the gossan cleanup initiative, the
current development plan for Canatuan and the Company's current budget and
overall strategy for Canatuan, which plans, budget and strategy are all
subject to change. Forward-looking information respecting the timeframe for
ongoing rehabilitation activities at Canatuan are based upon rehabilitation
activities carried out to date at Canatuan, the current rehabilitation plan
for Canatuan and the Company's current budget and overall strategy for
environmental rehabilitation at Canatuan, which plans, budgets 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, 2007, which was filed on SEDAR on March 27, 2008 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 further information: Clifford M. James, President and CEO, TVI
Pacific Inc.; Paul Moon, Director, Corporate Communications, (403) 265-4356