TVI Pacific Inc. Press Releases

TVI Pacific Announces Change to its Senior Leadership Team

Thu, 08 Jul 2010 08:30:00 -0400

CALGARY, ALBERTA--(Marketwire - July 8, 2010) - TVI Pacific Inc. (TSX:TVI) ("TVI") today announced that its Chief Financial Officer, Queenie Lung, has resigned from TVI effective July 23, 2010 to join a Canadian-based architectural, planning and interior design firm as the financial director of their senior management team.

"Ms. Lung has made many valuable contributions as a member of our management team" said Cliff James, President and CEO. "The board of directors and I wish her every success in her future endeavours."

Mr. Luis Santos, Vice President of Finance for TVI Resource Development (Phils.) Inc., TVI's Philippine affiliate, will assume the role of Interim Chief Financial Officer until a replacement is found. Mr. Santos and Ms. Lung will work together to ensure a seamless transition period. Ms. Lung will also assist in the search for a replacement CFO.

Caldwell Partners International has been engaged to lead the search for TVI's new CFO. Founded in 1970, The Caldwell Partners International Inc is a retained executive search firm specializing in recruiting "C-class" executives (chief executive, chief financial, chief information officers, as well as other senior executives) and their direct reports. With offices and partners in Vancouver, San Francisco, Los Angeles, Dallas, Calgary, Chicago, Atlanta, Toronto, Stamford, and New York City, the firm takes pride in delivering an unmatched level of service and expertise to its clients.

About TVI Pacific Inc. (TSX:TVI)

TVI Pacific Inc. is a publically traded, profitable copper producer focused on the exploration, development 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.

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
        403.233-6506
        rhonda.bennetto@tvipacific.com

        TVI Pacific Inc.
        Ian McColl
        Investor Relations Analyst
        403.233-6520
        ian.mccoll@tvipacific.com

        TVI Pacific Inc.
        Connect With Us www.tvipacific.com
        Follow us on Twitter www.twitter.com/tvipacific
        Be a Fan at www.facebook.com/tvipacific

Source: TVI PACIFIC INC.

TVI Pacific Announces $30.1 Million Debt Facility Paid in Full and Shifts Spending Towards Accelerated Growth Strategy

Mon, 28 Jun 2010 09:04:00 -0400

CALGARY, ALBERTA--(Marketwire - June 28, 2010) - TVI Pacific Inc. (TSX:TVI) ("TVI") today announced that its Philippine affiliate, TVI Resource Development Philippines, Inc. ("TVIRD") has completely repaid its $30.1 million Long Term Debt Facility.

On June 24th, 2010, TVI made the final loan payment for US$3.97 million. In addition to the principal prepayment amount of US$3.97 million, accrued interest, advisory fees and a premium for the right to make the prepayment brought the total cash payment made by TVIRD to US$4.58 million. Through negotiation with the lender, the Company was able to reduce the premium for the right to make the prepayment by half for this final payment.

In order to facilitate the timely repayment of the Term Facility, the Company has acquired an additional short-term loan from one of the top local Philippine banks bearing an interest rate of 4.5%, much lower than the original debt facility. Of the US$4.58 million paid, US$2.58 was from cash flow and US$2.0 was from the short-term loan.

Reduction of debt cost

"Operating efficiencies, rigid cost control, a dedicated operations group and favourable copper prices have enabled us to execute on one of our key strategies, that of decreasing interest costs" said Cliff James, President and CEO. "Reducing debt costs has enabled us to improve our balance sheet substantially, resulting in a significant improvement in our financial condition.

Shift gears to growth

"With the elimination of spending constraints outside of our control, we are now able to accelerate the shift in our spending directly to our growth strategy. Our primary focus is to extend the mine life at Canatuan, which we are doing by targeting exploration in near-mine areas. In addition to that, we are accelerating the program on our Balabag gold project and advancing our exploration initiatives at Tamarok."

For recent updates on our Greater Canatuan Exploration Project Read More Here

For updates to our shipping schedule, see our schedule here

For a recording of our Annual General Meeting listen to the AGM here

For details on other topics of interest, please visit our official Facebook Discussion Forum here

About TVI Pacific Inc. (TSX:TVI)

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.

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

        TVI Pacific Inc.
        Connect With Us: www.tvipacific.com
        Follow us on Twitter: www.twitter.com/tvipacific
        Be a Fan at www.facebook.com/tvipacific

Source: TVI PACIFIC INC.

TVI Pacific Announces Completion of Fifteenth Shipment of Copper Concentrates Produced at Canatuan

Fri, 25 Jun 2010 11:30:00 -0400

CALGARY, ALBERTA--(Marketwire - June 25, 2010) - - TVI Pacific Inc. (TSX:TVI) or (the "Company") announced today that its Philippine operating affiliate, TVI Resource Development (Phils.), Inc. ("TVIRD"), completed its fifteenth shipment of copper concentrates produced at the Canatuan Mine on June 22, 2010.

--  Gross revenue expected from fifteenth shipment US$7.2 million
--  Gross revenue year to date US$43.1 million
--  Copper concentrates shipped year to date 26,047 dmt

Copper production remains steady at Canatuan. Copper concentrate grade levels have been kept around 20 percent while zinc circuit commissioning continues. Current production plans call for maintaining production at these concentrate grade levels in preparation for the next shipment scheduled in approximately 6 weeks.

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$7.2 million from MRI for 5,247 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 fifteenth shipment, inventory of about 218 dmt remained in the warehouse.

About TVI Pacific Inc. (TSX:TVI)

IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

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

        TVI Pacific Inc.
        Connect With Us: www.tvipacific.com
        Follow us on Twitter: www.twitter.com/tvipacific
        Be a Fan at: www.facebook.com/tvipacific

Source: TVI PACIFIC INC.

TVI Pacific Provides Status Update on Greater Canatuan Tenement Exploration Project with JV Partner

Mon, 07 Jun 2010 11:00:00 -0400

CALGARY, ALBERTA--(Marketwire - June 7, 2010) - TVI Pacific Inc. (TSX:TVI) ("TVI") today announced that its Philippine affiliate, TVI Resource Development Philippines, Inc. ("TVIRD") and Joint Venture ("JV") partner DMC-CERI, a unit of Dacon Corporation, have finalized the initial work program leading to the exploration, development and production of mineral deposits in the Greater Canatuan Tenement ("Greater Canatuan") Area.

The JV partners have initiated three main activities under the work program:

--  Free Prior Informed Consent ("FPIC") process;
--  Airborne geophysical survey; and
--  Completion of required processes of the Exploration Permit Application
    ("EXPA").

TVIRD has successfully secured the endorsement of the local council and municipal authorities for the program. Once the FPIC process is completed, all requirements will have been fulfilled for the issuance of the Exploration Permit.

The FPIC process is a Philippine government regulatory requirement for proponent firms to inform affected indigenous communities of proposed exploration projects; to obtain and to document the consent of the affected communities; and to execute a Memorandum of Agreement embodying the agreements of the proponent, the communities and the Philippine National Commission on Indigenous Peoples ("NCIP"). This application has been tendered to the NCIP central office. Informal communications with indigenous people and identification of the relevant communities for formal consultation have begun. The FPIC process is estimated to take between three to five months, depending on government timetables.

Technical Program

TVIRD, as designated Operator of the JV, is in the final process of negotiating the contract with an international service provider to conduct an airborne Transient Electromagnetic and Magnetic ("TEM+mags") survey of the Greater Canatuan Project area. This survey will search for geophysical signatures of Volcanogenic Massive Sulphide ("VMS") style mineralization. The contiguous TVIRD-owned tenements covering TVIRD's operating Canatuan mine and surrounding areas (in excess of 35,000 hectares, including Greater Canatuan) will also be flown. TVIRD believes that this region has been underexplored for VMS style mineralization and that other deposits of similar attributes to the Canatuan orebody may exist within this greenstone belt.

In addition to the previously outlined VMS occurrences in EXPA 61, namely Tabingan, Matigdao and Palalian, the airborne surveys are expected to produce a number of geophysical conductors that will be subject to ground confirmation geophysical and prospecting surveys as soon as ground access becomes available (completion of the FPIC and EXPA application process).

Those occurrences that are confirmed as prospects by further evaluation will undergo grid-based systematic exploration such as rock/soil sampling, geological mapping, ground EM and magnetics surveys, and pitting and trenching. These activities will be followed by drilling as warranted.

TVIRD also plans to fly airborne Magnetics and Radiometrics surveys over the rest of its Zamboanga peninsula tenements and application areas in search of intrusive-related mineralization styles including porphyries, skarns and high-level epithermal deposits. These surveys are scheduled to be flown as soon as regulatory clearances are obtained and the equipment is mobilized into the country. Providing the permitting process goes as expected, the airborne program should begin mid Q3.

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.

IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

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

        TVI Pacific Inc.
        Connect With Us: www.tvipacific.com
        Follow us on Twitter: www.twitter.com/tvipacific
        Be a Fan at www.facebook.com/tvipacific

Source: TVI PACIFIC INC.

TVI Pacific Announces Results of Annual & Special Meeting of Shareholders

Thu, 27 May 2010 19:43:00 -0400

CALGARY, ALBERTA--(Marketwire - May 27, 2010) - TVI Pacific Inc. ("TVI" or "the Company") (TSX:TVI) announces that shareholders approved all resolutions brought before them at the Company's Annual & Special Meeting of Shareholders held on May 27, 2010. A total of 134,986,887 shares were represented in person or by proxy at the meeting, representing approximately 28.17% of the Company's outstanding shares.

The following Board members stood for election and were duly re-elected: Clifford M. James, Robert C. Armstrong, C. Brian Cramm, Jan R. Horejsi, and Peter C.G. Richards. These individuals will hold office until the next TVI annual meeting. Of the 134,986,887 votes cast, 98.63% were in favour of the election of the directors, while 1.37% were withheld.

PricewaterhouseCoopers LLP was re-appointed as the external auditor of TVI and will hold office until the next annual meeting at such remuneration as may be determined by the directors of the Company. Approximately 99.41% of the 134,986,887 votes cast supported the appointment of the auditors and 0.59% were withheld.

Shareholders approved TVI's Share Option Plan under which the number of common shares reserved for issuance are set at a fixed percentage of the number of common shares outstanding. Following the policies of the TSX, the Share Option Plan allows TVI to issue a number of options up to 10% of the total number of issued and outstanding common shares. Of the 134,986,887 votes cast, 97.48% were in favour of the Share Option Plan, while 2.52% were against.

In addition, shareholders approved an ordinary resolution respecting the existing Shareholder Rights Plan. The Shareholder Rights Plan ensures, to the extent possible, that all shareholders are treated equally and fairly in connection with any take-over bid or similar proposal to acquire common shares of the Company. 98.12% of the 134,986,887 votes cast supported the resolution and 1.88% were against.

"We thank all shareholders who attended the meeting in person or by proxy," said Cliff James, TVI's President and CEO. "It was our pleasure to provide an update regarding the production at the Canatuan Mine, the development drilling at Balabag, the mine life expansion opportunities near Canatuan and the planned exploration activities at Tamarok. We look forward to accelerating our production and development operations this year for the benefit of all stakeholders."

For those who were not able to listen to the live webcast of the corporate presentation on the day of the event, an archive webcast has been made available at:

http://www.gowebcasting.com/1671

About TVI Pacific Inc. (TSX:TVI)

IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

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

        Connect With Us www.tvipacific.com
        Follow us on Twitter www.twitter.com/tvipacific
        Be a Fan at www.facebook.com/tvipacific

Source: TVI PACIFIC INC.

TVI Pacific Maintains Strong Operational and Financial Performance Through Q1 2010

Thu, 13 May 2010 20:53:00 -0400

CALGARY, ALBERTA--(Marketwire - May 13, 2010) - TVI Pacific Inc. ("TVI" or "the Company") (TSX:TVI) today announced unaudited, consolidated financial and operational results for the three months ended March 31, 2010.

For the three months ended March 31, 2010

- Cash Balance                  $16.8 mm

- Operating cash flow           $14.8 mm

- Net income                    $8.4 mm

- Earnings per share            $0.018

- Production cash cost          US$0.56/Cu lbs eq

This press release should be read in conjunction with the interim consolidated financial statements and management's discussion and analysis for the quarter ended March 31, 2010, filed with certain securities regulators in Canada on May 13, 2010, and available on our web site (www.tvipacific.com) and SEDAR (www.sedar.com).

Key Financial Achievements Year Over Year

(in thousands of CDN dollars    Quarter Ended  Quarter Ended  % Change Year
 except per share information) March 31, 2010 March 31, 2009      over Year
                              ----------------------------------------------
Net revenue                            26,184          7,063            271%
Operating cash flow                    14,811         (7,881)           288%
Free cash flow(1)                      12,208         (3,433)           456%
Net income (loss)                       8,390         (2,014)           517%
EPS (basic)                             0.018         (0.005)           460%
Free cash flow per share(1)             0.025         (0.007)           457%

(1) See financial statements for the reconciliation from operating cash flow
    to free cash flow.


Key Production Achievements Year Over Year

                                Quarter Ended  Quarter Ended  % Change Year
                               March 31, 2010 March 31, 2009      over Year
Copper pound equivalent
 produced (m lbs)                       8,841          4,358            103%
 Copper produced (m lbs)                6,930          3,018            130%
 Gold produced (oz)                     2,321            866            168%
 Silver produced (oz)                 220,400        119,178             85%

The following table details some key operating statistics for the Canatuan Sulphide Mine for the three months ended March 31, 2009 and 2010.

                                               Quarter Ended  Quarter Ended
                                              March 31, 2010 March 31, 2009
                                            --------------------------------
Total tonnes processed                               203,480         89,884
Average tonnes processed per day                       2,261            999
Ore copper grade (%)                                    1.75           2.46
Copper recovery (%)                                    88.14          61.80
Concentrates produced (dry weight - t)                15,826          6,460
Average daily concentrates produced (dry
 weight - t)                                             176             72
Concentrate copper grade (%)                           19.86          21.20
Concentrate gold grade (g/t)                            4.56           4.17
Concentrate silver grade (g/t)                        433.15         573.86
Production cash cost per Cu lb eq (US$)(1)(2)           0.56           0.76
Total cash cost per Cu lb eq (US$2)                     0.94           1.09
Total cash cost per Cu lb eq, net of
 by-products (US$)(2)                                   0.32           0.56
Offtake
Copper concentrates shipped (dry weight - t)          15,514          5,351
Average copper price received (US$/lb)                  3.28           1.77

(1) Excludes selling expenses.
(2) Production cash cost per copper pound equivalent; Total cash cost per
    copper pound equivalent; and, Total cash cost per copper pound
    equivalent, net of by-products are non-GAAP measures. See MD&A for
    definition of these non-GAAP measures.

Q1 Highlights

- January 2010: TVI entered into a Heads of Terms Agreement with DMCI-CERI ("DMCI"), a subsidiary of DACON Corporation, toward the establishment of an unincorporated joint venture to conduct exploration, development and production of mineral deposits in the Greater Canatuan area.

- January 2010: TVI completed two payments under the five year term debt facility it entered into in early 2009. Subsequent to March 31, 2010, TVI completed three additional payments to reduce the original principal owing by 87% to US$4.0 million.

- February 2010: TVI resumed drilling at the Balabag epithermal gold project. The current 26 hole, 2,500 metre drill program is focused on the Tinago vein, the largest of three spatially related vein systems, and aims to define the area where the Tinago vein system is anticipated to extend to depth.

- March 2010: the Company had completed its thirteenth shipment of copper concentrates from the Canatuan Mine. A total of three shipments of copper concentrates occurred in the first quarter of 2010, generating gross revenue of US$26.2 million. Subsequent to the end of the quarter, a fourteenth shipment was completed to bring the total gross revenue for 2010 to US$35.3 million.

About TVI Pacific Inc. (TSX:TVI)

Connect With Us www.tvipacific.com

Be a Fan at www.facebook.com/tvipacific

IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

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
        www.tvipacific.com

Source: TVI PACIFIC INC.

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

Mon, 10 May 2010 06:30:00 -0400

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)

Connect With Us www.tvipacific.com

Be a Fan at www.facebook.com/tvipacific

IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

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
        www.tvipacific.com

Source: TVI PACIFIC INC.

TVI Pacific Inc. Affiliate Completes Two Additional Voluntary Prepayments Reducing Debt Facility by a Total of 87%

Fri, 07 May 2010 06:57:00 -0400

CALGARY, ALBERTA--(Marketwire - May 7, 2010) - TVI Pacific Inc. (TSX:TVI) ("TVI" or "the Company") announced today that its Philippine affiliate, TVI Resource Development (Phils.) Inc. ("TVIRD"), has made two additional voluntary prepayments totaling US$6.3 million under the five year term debt facility it entered into in early 2009, reducing the original principal owing by 87% from US$30.1 million to US$4.0 million.

On April 28 and May 7, 2010, TVI made two additional loan payments for US$3.3 million and US$3.0 million respectively for a total of US$6.3 million. In addition to the principal prepayment amount of US$6.3 million, accrued interest, advisory fees and a premium for the right to make the prepayment brought the total cash payment made by TVIRD to US$8.0 million.

In order to facilitate the timely repayment of the Term Facility, the Company has acquired short-term loans from one of the top local Philippine banks bearing an interest rate of 4.3%, much lower than the original debt facility. Of the US$8.0 million paid, US$1.7 was from cash flow and US$6.3 was from short-term loans.

This news release should be read in conjunction with the Omnibus Loan and Security Agreement entered into by TVIRD, the Company and others in January 2009, a copy of which has been filed with certain securities regulatory authorities in Canada and is available under the Company's profile at www.sedar.com.

About TVI Pacific Inc. (TSX:TVI)

IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

Certain information set out in this Press 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. 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.

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

        TVI Pacific Inc.
        www.tvipacific.com
        www.twitter.com/tvipacific
        www.facebook.com/tvipacific

Source: TVI PACIFIC INC.

TVI Pacific Provides Zinc Circuit Update and Details Regarding Annual General and Special Meeting

Thu, 22 Apr 2010 09:29:00 -0400

CALGARY, ALBERTA--(Marketwire - April 22, 2010) - TVI Pacific Inc. ("TVI" or "the Company")(TSX:TVI) will hold its Annual General and Special Meeting of Shareholders at 3:00 PM Mountain Time on Thursday, May 27, 2010 at The Calgary Petroleum Club, 319 - 5th Avenue S.W., Calgary, Alberta.

TVI invites shareholders to write in ahead of time with questions they would like answered at the Meeting by going to www.tvipacific.com and clicking on the link. Questions will be answered at the Meeting as well as posted for your information on the website after the meeting. The Meeting will also be available via webcast and will be archived on our website for 60 days.

Zinc Circuit Update

As previously announced on November 4, 2009, construction of the zinc circuit began on October 28, 2009, 3 months ahead of schedule and the majority of the components have been installed. Start-up is now expected to be the first week in May and, although the zinc circuit is designed to produce around 1,000 tonnes per month, production will ramp up during Q2 and into Q3. Copper concentrate production will continue at a rate of approximately 5,000 tonnes per month.

The Zinc Circuit is expected to monetize the zinc component of the deposit for an added revenue stream and off-take arrangements are currently being negotiated.

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)

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IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

Forward-looking statements regarding the completion of Zinc circuit construction and the length of the commissioning process are based upon the progress made to date on the construction of the infrastructure, advice received from third-party contractors with respect to the timing of various components, prior experiences of management with construction and commissioning 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 statements regarding the expected production rates from the Zinc and Copper circuits are based on the current development and operating plan for Canatuan, management's experience during the operation of the gossan and sulphide plants at the Canatuan mine site and the Company's current budget and overall strategy for Canatuan, 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.

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
        www.tvipacific.com

Source: TVI PACIFIC INC.

TVI Pacific Inc. Affiliate Completes Third Voluntary Prepayment Reducing Debt Facility by a Total of 66%

Wed, 07 Apr 2010 08:00:00 -0400

CALGARY, ALBERTA--(Marketwire - April 7, 2010) - TVI Pacific Inc. (TSX:TVI) ("TVI" or "the Company") announced today that its Philippine affiliate, TVI Resource Development (Phils.) Inc. ("TVIRD"), has made a third voluntary prepayment of US$6.0 million under the debt facility it entered into in early 2009, reducing the original principal owing by 66% to US$10.3 million.

In addition to the principal prepayment amount of US$6.0 million, accrued interest, advisory fees and a premium for the right to make the prepayment brought the total cash payment made by TVIRD to US$8.0 million.

"The cash flows generated from our Canatuan Mine have had a significant impact on reducing the Company's outstanding debt," said Cliff James, TVI's President and CEO. "Not only are we able to make this third payment comfortably, we also continue to fast-track development drilling at Balabag, pursue mine life expansion opportunities at Canatuan and advance plans to resume exploration activities at Tamarok".

About TVI Pacific Inc. (TSX:TVI)

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IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

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
        www.tvipacific.com

Source: TVI PACIFIC INC.