TVI Pacific Inc.

TVI Pacific Inc.

August 16, 2007 16:04 ET

TVI Confirms Approval of Management Cease Trade Order by Alberta Securities Commission

CALGARY, ALBERTA--(Marketwire - Aug. 16, 2007) - TVI Pacific Inc. or the "Company" (TSX:TVI) today confirmed that the Alberta Securities Commission ("ASC") has approved TVI's application for a management cease trade order for the directors, officers and other insiders of the Company.

The action follows TVI's August 8, 2007 news release announcing that the Company was voluntarily planning to restate its consolidated financial statements for the year ended December 31, 2006 and for the three months ended March 31, 2007. The ASC has granted the Company sixty days to file the restated financial results.

"We are pleased that the Alberta Securities Commission has approved our application," said Clifford M. James, TVI President and CEO. "We believe the management cease trade order is an appropriate step in the circumstances, as we work to finalize our second-quarter financial statements and re-state our financials for the affected periods."

About TVI Pacific Inc.

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.

TVI Pacific trades on the Toronto Stock Exchange under the symbol "TVI".

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
    (403) 264-7028 (FAX)