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TVI Pacific Announces Fourteenth Shipment of Copper Concentrates and Zinc Circuit Update

May 10, 2010

CALGARY, ALBERTA--(Marketwire - May 10, 2010) - TVI Pacific Inc. (TSX:TVI) ("TVI" or the "Company") announced today that its Philippine operating affiliate, TVI Resource Development (Phils.), Inc. ("TVIRD"), completed its fourteenth shipment of copper concentrates produced at the Canatuan Mine on May 5, 2010.

--  Gross revenue expected from fourteenth shipment US$9.1 million
--  Gross revenue year to date US$35.3 million
--  Copper concentrates shipped year to date 20,799 dmt

As previously discussed, mining has progressed into the portion of the ore body containing increased amounts of zinc. In advance of the availability and commissioning of the zinc circuit, the mill encountered difficulties in increasing the copper grade in the copper concentrate being produced, without increasing the zinc content of the concentrate. Accordingly, the company elected to maintain the previous mill plan of producing larger quantities of copper concentrate at a grade of around 19-20% copper for this shipment, achieving roughly equivalent quantities of payable metal.

The concentrates were shipped from the TVIRD warehouse facility at Santa Maria Port in Siocon, Zamboanga del Norte, in accordance with the offtake arrangement previously entered into between TVIRD and MRI Trading AG ("MRI"). TVIRD expects to earn gross revenues of US$9.1 million from MRI for 5,285 dry metric tonnes ("dmt") of copper concentrates.

The offtake agreement provides that MRI will purchase all of the copper concentrates produced at Canatuan over the anticipated life of the sulphide operation. After the fourteenth shipment, inventory of about 1,300 dmt remained in the warehouse.

Zinc Circuit Update

The newly installed zinc flotation circuit was powered up on schedule on April 30 and is undergoing plant debugging as the first step in commissioning. Additional elements of the zinc separation and concentrate production process will be added in the coming weeks as the company continues with the zinc circuit commissioning. The company anticipates that the commissioning process could take up to three months as is typical in such operations and similar to the company's experience with the copper circuit.

In the meantime, the company's objective is to produce copper concentrate such that payable metal quantities will be constant and grade and shipment scheduling will be adjusted in accordance with zinc separation performance. The company's plan is to achieve an increase in copper concentrate grade to the 25% level as soon as practicable.

Additional information on the zinc circuit process can be found here http://bit.ly/6hvgJC on TVI's official Corporate Discussion Forum on Facebook.

About TVI Pacific Inc. (TSX:TVI)

TVI Pacific Inc. is a publically traded, profitable, low cost copper producer focused on the production, development, exploration and acquisition of precious and base metal mining projects 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.

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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 statements regarding the timing and composition of future shipments of concentrates from the Canatuan Mine are based upon management's experience with previous concentrate shipments, the current and expecting mining and processing activities at Canatuan, the current throughput of the sulphide plant and potential expansions in throughput, the anticipated throughput capacity of the zinc circuit, management's prior experiences with mining and processing at Canatuan and the Company's overall plans, budget and strategy, which are all subject to change. Forward-looking statements regarding the timing of the commissioning process for the zinc circuit at the Canatuan Mine are based upon management's experience with the commissioning of the copper circuit and the previous gossan plant, the anticipated throughput of the zinc circuit and the Company's overall plans, budget and strategy, which 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. 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, except as required by law.

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

FOR FURTHER INFORMATION PLEASE CONTACT:
        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
        tvi2014.q4web.com

Source: TVI PACIFIC INC.