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TVI Initiates Balabag Scoping Study and Expands Gold Project Drill Program

October 25, 2010

CALGARY, ALBERTA -- (MARKET WIRE) -- 10/25/10 -- TVI Pacific Inc. (TSX: TVI)(OTCQX: TVIPF) ("TVI" or "the Company") today announced that its Philippine operating affiliate, TVI Resource Development (Phils.), Inc. ("TVIRD"), has initiated an internal scoping study(1) for "Bootstrap" mine development and is expanding the drilling program at the Balabag epithermal gold project.

--  Recent assay results from the initial 30 hole Phase 1 drill program,
completed in late July 2010, support continued drilling at Balabag to
further define the resources.

-- Based on these results, TVI has launched an internal scoping study(1)
and expects to come to a decision regarding a "Bootstrap" mine
development plan by Q1, 2011. Under the "Bootstrap", or phased
development concept, an initial "starter" plant would be constructed,
drawing ore feed from the core area, with the plant and mine being
expanded in stages from internal cash flow, to the extent that the
resource supports. The intent of the scoping study(1) is to evaluate the
engineering, the environmental and social requirements, the financial
viability and the overall feasibility of the starter operation.

-- Drilling under Phase 2 has been extended to approximately 55 new holes
(11 of which have been drilled since the initiation of Phase 2 in late
July). As the resource evaluation continues, more drill holes may be
required to support the scoping study(1) and development evaluation.

-- The Phase 2 program includes further infill drilling in the core area of
Tinago, where the initial 30 hole drill program was concentrated, and
step out drill holes in the downdip mineralized zones identified in
Phase 1. Phase 2 also includes infill drilling at Miswi and infill and
extension drilling at Lalab.

(1) The intent of the internal scoping study referred to in this press
release is to evaluate the feasibility of a "Bootstrap" operation
at Balabag and to make a development decision. An earlier study
was completed ("Scoping Study of the Balabag Project" filed August
20, 2008
, prepared by Genivar Limited Partnership) which evaluated
a full-scale operation.

Click here to view the Balabag Gold-Silver Project Drillhole Location Map

Program Going Forward

Environmental and Social Baseline Studies: The Company intends to accelerate the environmental and social baseline studies required to provide program and cost data for the scoping study and is preparing for subsequent regulatory approval applications. A substantial amount of work has already been done in this regard.

Tinago Vein System: About 20 new infill holes are planned to be drilled in the core area identified in Phase 1 in support of the scoping study. In addition, more than 20 step out holes are planned to test mineralization extension downdip.

Miswi and Lalab: At Miswi 10 infill holes are planned to reduce the spacing used in the resource evaluation (8 of which have been drilled since the initiation of Phase 2 in late July and 2 are in progress); and at Lalab, 2 step out holes are planned to test for an extension of the vein (1 has been completed and 1 is in progress). Assay results are pending.

TVI plans to update the 43-101 report in Q2, 2011, after receiving drilling results from the Phase 2 program which will allow an updated resource estimation, and after receiving scoping study results.

Cesar Medina, Exploration Manager of TVIRD, is acting as the Qualified Person in compliance with NI 43-101 reporting requirements with respect to this news release by virtue of Mr. Medina's membership of the Australasian Institute of Mining and Metallurgy (AusIMM) and the reciprocity rules covered under ROPO (Recognised Overseas Professional Organisations). He has prepared and or supervised the preparation of the scientific or technical information within this press release. TVIRD's exploration programs are designed and conducted under the supervision of Mr. Medina.

ALS Chemex (Brisbane, Australia) conducted third party check assays of TVIRD drill samples.

(i) A Scoping Study was completed on the Balabag Gold Project in 2007. This study was based on a full-scale development concept. The new Scoping Study being undertaken at Balabag currently is based on a "bootstrap" development concept.

About TVI Pacific Inc. (TSX: TVI)(OTCQX: TVIPF)

TVI Pacific Inc. is a publicly-traded copper producer focused on the production, development, exploration and acquisition of precious and base metal mining deposits 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.

Additional information regarding the Balabag indicated and inferred resources is available in the technical report titled, "43-101 Technical Report for the Mineral Resources at the Balabag Project of TVI Pacific Inc." filed August 9, 2007, and prepared by P.J. Lafleur Geo-Conseil Inc. Additional information regarding the Balabag scoping study is available in the technical report titled, "Scoping Study of the Balabag Project" filed August 20, 2008, and prepared by Genivar Limited Partnership. Both reports are available under TVI's profile on the SEDAR website at www.sedar.com.

Quality Assurance and Quality Control:

--  Analyses of Balabag drill core samples were completed by TVI's Canatuan
Mine
laboratory. The following methods were used for the analyses:
-- For Au: 30 gm charge fire assay with ICP-OES finish,
-- For Ag, Al, As, Au, B, Ba, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, Hg, K,
La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Se, Tl, Sr, Th, Ti, U, V,
W, Zn: 0.5gm Acid Digest ICP-OES analysis.
-- Strict QA/QC procedures are implemented in core handling and sampling at
Balabag. There are 3 types of QA/QC samples randomly included in a ratio
of 1:9 samples into the sample stream. These are:
-- Third party purchased certified reference materials of varying gold
assay values,
-- Duplicates,
-- Blank samples.
-- The QA/QC samples are strictly monitored and if the control parameters
pertaining to each of the individual QA/QC sample types are not
satisfied, the entire batch is re-assayed.
-- ALS Chemex, Brisbane, Australia analyzed approximately 13% of the total
2010 Balabag drill core samples being reported in this News Release.
These check samples, composed of coarse splits and pulverized pulps from
Balabag drill cores, were randomly selected by the resource consultant.

IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

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", "schedule" 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 received from 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 received from 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 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; changes in exploration plans or budgets; and availability of equipment and personnel. 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 nature and timing of the exploration program at Balabag and the Company's ability to define additional resources and reserves is based upon the previous exploration activities at Balabag, management's experiences with other exploration work programs undertaken in the Philippines and elsewhere, advice received from third-party advisors with respect to the various components of the exploration work program and the Company's current budget and overall strategy for Balabag, which plans, budget and strategy are all subject to change. Forward-looking information respecting the timing and nature of planned feasibility reports and work (including the resource table, consultant's report and resource estimate, and scoping study) at Balabag is based upon the exploration activities at Balabag, management's experiences with other feasibility work programs undertaken in the Philippines and elsewhere, advice received from third-party advisors with respect to various components of the feasibility work program and the Company's current budget and overall strategy for Balabag, which plans, budget and strategy are all subject to change. Forward-looking information concerning the nature and timing of development activities at Balabag (in the event a production decision is reached by the Company in respect of the project) is based upon management's experiences with other construction projects in the Philippines and elsewhere, advice received from third-party advisors with respect to the timing of various components of the construction project, and the Company's current budget and overall strategy for Balabag, 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 and its affiliates are exposed in the conduct of their business (including mining activities) are described in detail in the Company's Annual Information Form for the year ended December 31, 2009, which was filed on SEDAR on March 25, 2010, 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.

Contacts:
TVI Pacific Inc. Rhonda Bennetto Executive Director Investor Communications 403.265.4356 rhonda.bennetto@tvipacific.com TVI Pacific Inc. Ian McColl Investor Relations Analyst 403.265.4356 ian.mccoll@tvipacific.com TVI Pacific Inc. Connect With Us tvi2014.q4web.com Follow us on Twitter www.twitter.com/tvipacific Be a Fan at www.facebook.com/tvipacific