TVI Pacific Inc.

TVI Pacific Inc.

December 18, 2007 19:19 ET

TVI Announces Management Changes

CALGARY, ALBERTA--(Marketwire - Dec. 18, 2007) - TVI Pacific Inc. (TSX:TVI) ("TVI" or the "Company") announced today that Mr. Joseph W. Bronneberg is no longer acting as Chief Financial Officer ("CFO") of the Corporation, effective December 18, 2007. Mr. Luis Santos Jr., CFO Asia for TVI will act as Interim CFO of the Company until such time a replacement is found.

Mr. Bronneberg served as the CFO of the Company since his appointment on July 23, 2007 and has resigned to accept another employment opportunity. Shortly after Mr. Bronneberg became CFO, the Company announced that it would be restating its consolidated financial statements for prior periods. Mr. Bronneberg was not involved in the preparation of any of the financial statements or other continuous disclosure filings made prior to his appointment.

Cliff James, the President and Chief Executive Officer of TVI noted, "We wish to thank Joe for his leadership and particularly for his commitment to remain with the Company until the accounting restatement was finalized."

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 Company since February, 2004.

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 the Philippines and other Asian countries. The Company's interest in the Canatuan Mine and its other Philippine assets are held through its affiliate, TVI Resource Development (Phils.) Ltd. ("TVIRD"). TVI's most advanced project, the Canatuan Mine, currently produces gold and silver dore.

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

Contact Information

  • TVI Pacific Inc.
    Clifford M. James
    President and CEO
    (403) 265-4356
    (403) 264-7028 (FAX)
    TVI Pacific Inc.
    Paul Moon
    Director, Corporate Communications
    (403) 265-4356
    (403) 264-7028 (FAX)