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TVI Pacific Announces Partnership to Explore the Greater Canatuan Tenement Area

January 11, 2010

CALGARY, ALBERTA--(Marketwire - Jan. 11, 2010) - TVI Pacific Inc. ("TVI") (TSX:TVI) today announced that its Philippine affiliate, TVI Resource Development Philippines, Inc. ("TVIRD") has entered into a Heads of Terms Agreement (the "Agreement") with DACON Corporation ("DACON") toward the establishment of an unincorporated joint venture (the "Joint Venture") to conduct exploration, development and production of mineral deposits in the area covered by TVIRD's Application for Exploration Permit No. 61 Project ("EXPA 61" or the "Project"), otherwise known as The Greater Canatuan Tenement.

The project area is immediately north of TVIRD's producing copper-zinc mine at Canatuan and mineable ore deposits discovered in the area will be transported to TVIRD's Canatuan plant for processing. TVI previously announced the identification of mineral deposits at Tabingan, Matigdao and Palalian, under EXPA 61, after completing initial mapping, channel and geochemical sampling. This partnership with DACON provides the opportunity to extend the mine life at Canatuan by further evaluating these already identified deposits and possibly locating new ones.

"We are extremely pleased to be entering into this partnership with DACON. We view this as a first step in establishing a long-term relationship with an important Filipino conglomerate," said Cliff James, President and CEO of TVI. "In addition to having an important presence in the Zamboanga Peninsula, our new partner has a number of mineral properties around the country for which our combined talents could prove mutually beneficial over the longer term."

Under the Agreement, TVIRD and DACON agree to form the Joint Venture within 90 days from the execution of the Agreement. The Joint Venture interest will be 70% TVIRD and 30% DACON, with TVIRD acting as the operator. The joint venture partners will fund an exploration program in The Greater Canatuan Tenement for a period of two years amounting to a maximum of US$2 million, to be shared in accordance with their interests in the Joint Venture.

Next Steps



--  Exploration Permit approval - currently underway
--  Drill Targets - previously identified and presently being defined
--  Expedited exploration drilling program

DACON is part of the DMCI Group of Companies reputed for its extensive holdings in general construction, coal mining, power generation, infrastructure and real estate development and manufacturing in the Philippines. For more information, please visit http://www.dmciholdings.com/index.php

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 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.

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IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

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.

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

FOR FURTHER INFORMATION PLEASE CONTACT:
        TVI Pacific Inc.Rhonda BennettoExecutive Director Investor Communications
        403.265.4356
        Rhonda.bennetto@tvipacific.comTVI Pacific Inc.Ian McColl
        Investor Relations Analyst
        403.265.4356
        ian.mccoll@tvipacific.comtvi2014.q4web.com

Source: TVI PACIFIC INC.