CALGARY, ALBERTA--(CCNMatthews - April 27, 2007) - TVI Pacific Inc.
(TSX:TVI)(the "Company")announced today that Mr. John Adkins is no
longer acting as Chief Financial Officer ("CFO") of the Corporation,
effective April 27, 2007. Mr. Adkins has served as the CFO of the
Corporation since May, 2004 and has agreed to a consulting arrangement
during which he will make himself available for a three-month
transitional period. Mr. Luis Santos Jr., CFO Asia for TVI will act as
Interim CFO of the Corporation until such time a replacement is found.
Mr. Santos Jr. is a Certified Public Accountant with 15 years of
experience in financial management, control, asset protection and
treasury management in the transportation, property and mining
industries. He has been with the Corporation since February, 2004. Luis
will work closely with senior management of TVI, the Audit Committee and
the Company's auditors in the areas of financial reporting, as well as
assist in the Company's growth prospects.
Cliff James, the President and Chief Executive Officer of TVI noted,
"John has served the Company as a senior officer over an exciting
period of its development, during which its operations and the demands
on the senior financial officer have grown dramatically. We thank John
for his efforts on behalf of TVI, and we are hopeful that the
transitional arrangements we have agreed to with John will place only
modest demands upon his time that will not prevent him from enjoying a
well-earned break."
About TVI Pacific Inc. (TSX:TVI)
TVI Pacific Inc. is a publicly traded Canadian mining company
focused on exploring for and producing precious and base metals within
district scale systems in Asia.
In the Philippines, TVI's most advanced project, the Canatuan Mine
(the first foreign-invested, new, mining project in the Philippines
since the passage of the Philippine Mining Act of 1995) began mining and
milling operations in mid-2004, producing gold and silver dore through
its affiliate TVI Resource Development (Phils.) Ltd. ("TVIRD"). In 2006,
TVIRD received a completed NI 43-101 feasibility study on the Canatuan
Sulphide project prepared by Norwest Corporation. The report has been
filed with certain securities regulatory authorities in Canada and is
available at the SEDAR website at www.sedar.com.
The Norwest study addresses the copper-zinc bearing massive sulphide
zone, or lower portion of the Canatuan Deposit. Construction of the
Sulphide Project at Canatuan is now underway. In addition, TVIRD holds a
2.5% NSR on the Philippine-based Rapu Rapu project operated by
Lafayette Mining Ltd. Exploration in the Philippines is being conducted
at Canatuan, in an effort to expand TVIRD's mineral resource base and to
find new deposits, at Balabag and at other areas which management of
TVI view as compelling exploration properties.
In China, TVI's wholly-owned Chinese subsidiary, Hunan Pacific
Geological Exploration Inc. ("HPGEI"), was the first foreign mining
company to be granted both WOFE status and a Qualified Explorer License.
The exploration program in China is focused primarily within the Golden
Triangle area, a highly prospective metallogenic region in China's
south-western provinces of Yunnan, Guizhou and Guangxi Autonomous Region
and prospective areas in the Tibet Autonomous Region. HPGEI has 2,394
sq kms of land under application in China in the Golden Triangle and in
the Tibet A.R.
TVI also has a Drilling Segment consisting of Exploration Drilling
Corporation ("EDCO"), a wholly-owned subsidiary of TVI Pacific Inc.
based in the Philippines, and Hunan Pacific Drilling ("HPD"), a segment
of HPGEI based in China, which generates revenue from contract drilling.
The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.