TVI Pacific Inc.

TVI Pacific Inc.

April 27, 2007 16:49 ET

TVI Announces Management Changes

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 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.

Contact Information

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