TVI Pacific Inc.
TSX : TVI

TVI Pacific Inc.

December 03, 2009 06:00 ET

TVI Pacific Inc.: Permit to Advance Tamarok Copper-Gold Project Approved

CALGARY, ALBERTA--(Marketwire - Dec. 3, 2009) - TVI Pacific Inc. (TSX:TVI) ("TVI" or the "Company") announced today that the Mineral Production Sharing Agreement ("MPSA") encompassing the Tamarok copper-gold project of its Philippine affiliate, TVI Resource Development Philippines, Inc. ("TVIRD"), has been formally approved by the Secretary of the Department of Energy and Natural Resources of the Philippines. The MPSA has been granted to the original claim holder, with whom TVIRD has a contract to acquire full rights to the MPSA at the Company's election.

The approval of the 486 hectare MPSA at Tamarok will allow TVIRD to advance exploration activities including geophysical surveys, systematic detailed geological investigations, and the delineation of drill targets. A scout drilling program will test subsurface continuity of outcropping porphyry copper-gold mineralization at Malachite Hill; where in an initial exploration program a 38 metre continuous channel sample produced an average of 0.71% copper and 0.35 grams per tonne gold. Detailed sample data can be found in the news release dated February 7, 2007 titled "Tamarok-Tapisa Results Indicate Potential for Extensive Copper-Gold Mineralization System" and in the Annual Information Form for the year ended December 31, 2008. Both documents can be found on SEDAR and on the Company's website.

The Tamarok project is located approximately 115 kilometres northeast of TVIRD's Canatuan producing copper mine. 

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 deposits 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 forward-looking statements of the Company contained in this News Release are expressly qualified, in their entirety, by this cautionary statement. Various risks to which the Company and its affiliates are exposed in the conduct of their business (including mining activities) are described in detail in the Company's Annual Information Form for the year ended December 31, 2008, which was filed on SEDAR on March 26, 2009, and is available under the Company's profile at www.SEDAR.com. 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.

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

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