TVI Pacific Inc.

TVI Pacific Inc.

September 09, 2008 08:30 ET

TVI Pacific Announces Commissioning Activities at Canatuan Sulphide Project

CALGARY, ALBERTA--(Marketwire - Sept. 9, 2008) - TVI Pacific Inc. (TSX:TVI) or the ("Company") today provided an update concerning the Canatuan Mine, which is located in Southern Philippines and operated by the Company's affiliate, TVI Resource Development (Phils.) Inc ("TVIRD"). This news release should be read in conjunction with the Company's previous update on the Sulphide Project construction activities, which is dated September 2, 2008 and available at

Certain statements in this News Release constitute forward-looking statements, including statements respecting (i) the anticipated timing of commencement of mining and processing activities at the Canatuan Sulphide Project, (ii) the anticipated timing of completion or commissioning of various components of the Sulphide Project and (iii) the anticipated timing of first shipments of copper concentrates from Canatuan. Readers should refer to the cautionary statement that appears at the end of this News Release.

The Company confirmed that the commissioning of two important components of the Sulphide Project, the crushing circuit and upgraded assay laboratory, commenced on September 1, 2008, following completion of their construction. Construction of the overall project, now in its third month, is on-going, with expected production within the last quarter of 2008 and shipment of copper concentrates at the beginning of 2009. TVIRD reports that as of September 1, 2008, the project was approximately 60% complete.

The Project remains on an aggressive schedule for fourth quarter start-up and early January shipping, with cost savings and efficiencies achieved to date due in large part to TVIRD's utilization of its in-house construction crew. Further updates on construction and commissioning activities are expected to be provided prior to the start up of the Sulphide Plant.

Recent Sulphide Project commissioning highlights include the following (accompanying photos are available at:

Commissioning of Grinding Circuit

The motors for the crushing plant were successfully tested without a load on August 31, 2008. This was followed by the first ore loading and crushing test that was carried out on September 1, 2008. Both test were carried out according to the projected Company timeline.

Commissioning of the Updated Assay Laboratory

The Sulphide Project's assay laboratory was also commissioned after undergoing an extensive upgrade. The laboratory utlizes top-of-the-line equipment and is staffed by trained personnel. The laboratory provides important analytical services to the mine and mill operations.

As the Company shifts from gossan (gold-silver) to sulphide (copper-zinc) operations, analytical requirements for the mine and mill plant will increase. To address this need, the Company acquired modern equipment and expanded the building that houses the laboratory.

Due to the complexities involved in copper concentrate sample preparation, the Company fabricated a separate concentrate preparation room with its own dust collection system and working tables. Two new electronic controlled drying ovens were also installed to complement the concentrate sampling as copper concentrates require stringent temperature control during the drying process.

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. The Company's interest in the Canatuan Mine and its other Philippine assets are held through its affiliate, TVI Resource Development (Phils.) Inc.

Certain information set out in this News 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", "scheduled" 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. These factors include, but are not limited to, such things as the volatility of prices for precious metals and base metals, commodity supply and demand, fluctuations in currency and interest rates, inherent risks associated with the exploration and development of mining properties, ultimate recoverability of mineral reserves, timing, results and costs of exploration and development activities, availability of financial resources or third-party financing, new laws (domestic or foreign), changes in administrative practices, changes in exploration plans or budgets, and availability of equipment and availability of personnel.
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 information respecting (i) the timing of commencement of mining and processing activities at the Canatuan Sulphide Project, (ii) the anticipated timing of completion or commissioning of various components of the Sulphide Project and (iii) the anticipated timing of the first shipment of copper concentrates from Canatuan, is based upon progress made to date on the construction of the Infrastructure required to support mining and processing activities from the Sulphide zone at Canatuan, advice received from third-party contractors with respect to the timing of various components of the construction project, prior experiences of management with construction activities at Canatuan, the current development plan for Canatuan, the Company's current budget and overall strategy for Canatuan, which plans, budget and strategy are all subject to change and, in the case of first shipment of copper concentrates from Canatuan, progress made to date in negotiating offtake agreements for the purchase and sale of copper concentrates. 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 is exposed in the conduct of its business (including mining activities) are described in detail in the Company's Annual Information Form for the year ended December 31, 2007, which was filed on SEDAR on March 27, 2008 and is available under the Company's profile at 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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