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TVI Pacific announces court approvals relating to class-action proceedings

July 03, 2009

    (TSX: TVI)

    CALGARY, July 3 /CNW/ - TVI Pacific Inc. (TSX: "TVI" or the "Company")
announced today that the Settlement Agreement previously entered into by the
Company in relation to the class-action proceedings commenced in Ontario by
Joe Marcantonio and in Qu&eacute;bec by Florent Audette has been approved by the
courts in Ontario and Qu&eacute;bec. Approval of the Settlement Agreement was granted
by the Ontario Superior Court on June 17, 2009 and by the Qu&eacute;bec Superior
Court effective June 22, 2009.
    This news release should be read in conjunction with the Company's prior
news release on April 22, 2009, announcing the Settlement Agreement and with
the Notice of Class Actions and Proposed Settlement issued on May 13, 2009,
both of which have been posted on the Company's website at tvi2014.q4web.com.
    As noted in the Company's April 22, 2009, news release and in the Notice
of Class Actions and Proposed Settlement, the settlement does not represent an
admission of liability, wrongdoing or fault on the part of any of the
defendants (including TVI Pacific and its current directors). All of the
defendants have denied, and continue to deny, the allegations made against
them in the class-action proceedings.

    About TVI Pacific Inc. (TSX: TVI)
    ---------------------------------
    TVI Pacific Inc. is a publicly traded Canadian mining company focused on
exploring for, developing 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.) Inc.

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


For further information: Investor Relations, (403) 265-4356 or
tvi-info@tvipacific.com