TVI Pacific Inc.

TVI Pacific Inc.

November 09, 2011 13:46 ET

TVI Pacific Inc. Sells Alaska Oil Assets

CALGARY, ALBERTA--(Marketwire - Nov. 9, 2011) - TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF) ("TVI" or the "Company") is pleased to announced that the Transaction to sell all of its leasehold interests in Alaska is now complete.

On November 7, 2011, TVI announced that the Company's wholly-owned subsidiary, TG World Energy, Inc., entered into a definitive agreement to sell all of its leasehold interests in Alaska. The transaction closed on November 9, 2011.

About TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF)

TVI Pacific Inc. is a publicly-traded Canadian company that is focused on the production, development, exploration and acquisition of resource projects in the Philippines. TVI produces copper and zinc concentrates from its Canatuan mine, is developing its Balabag gold-silver project and is carrying out an exploration program at its Tamarok copper-gold property. TVI also has an interest in an offshore Philippine oil property.

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