CALGARY, ALBERTA --(CCNMatthews - Jan. 16, 2007) - TVI Pacific Inc.
(TSX:TVI) ("TVI" or the "Company") is pleased to announce that Robert C.
Armstrong, Ph.D., has been appointed as the Lead Director of the
Company's Board of Directors. Dr. Armstrong joined the Board on June 23,
1998 and has served as an independent director on both the Governance,
Compensation & Nomination Committee and the Safety, Health &
Environment Committee.
Dr. Armstrong's skills and leadership include 40 years of experience
as a professional in the mining industry. Prior to joining the board,
he worked in senior and executive positions for several mining companies
including Cominco Ltd. and Echo Bay Mines Ltd. In these positions he
had responsibility for mineral exploration and mining activities, both
foreign and domestic. He currently serves as the President of Armstrong
and Associates International LLC. (Denver, Colorado), a private company
involved in the mineral exploration industry, and as the Chairman of
Pitchstone Exploration Ltd, a public mining company, the shares of which
are listed on the TSX Venture Exchange.
"We are very pleased that Bob has agreed to take an even more active
role in TVI," commented Cliff James, TVI's Chairman and CEO. "Bob's
many years of experience in the mining industry have served TVI
extremely well in the past, and I'm confident that his increased
involvement in TVI will continue to help improve the Company, especially
during its crucial transition phase during 2007."
About TVI Pacific Inc. (TSX:TVI)
TVI Pacific Inc. is a publicly-listed 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 in
nearly four decades) began mining and milling operations in mid-2004,
producing gold and silver dore. Mill throughput is currently averaging
1,900 dmtpd, generating an average of approximately 160 AuEqOz per day
from a gossan/oxide zone. In 2006, TVI received a completed NI 43-101
feasibility study on the Canatuan Sulphide project prepared by Norwest
Corporation (which has been filed with certain securities regulatory
authorities in Canada and is available at the SEDAR website.) The
Norwest study addresses the copper-zinc bearing massive sulphide zone,
or lower portion of the Canatuan Deposit. Planning for construction of
the Sulphide Project at Canatuan is nearly complete and a positive plant
production decision is anticipated in the near future after further
project optimization work has been completed. In addition, TVI 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 TVI's resource base and to
find new deposits, and at Balabag, and 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 A.R. 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 Division consisting of Exploration Drilling
Corporation ("EDCO"), a wholly-owned subsidiary of TVI Pacific Inc.
based in the Philippines, and Hunan Pacific Drilling ("HPD"), a division
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.