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 tvi2014.q4web.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)
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 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.
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.
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.