TVI Pacific Inc.

TVI Pacific Inc.

August 30, 2011 07:00 ET

TVI Pacific Provides Update on Niger Exploration Program

CALGARY, ALBERTA--(Marketwire - Aug. 30, 2011) - TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF) ("TVI" or the "Company") announced today that the operator of the Ténéré Block in Niger, Chinese National Petroleum Corporation International Ténéré Ltd. ("CNPCIT"), has advised that the Facai-1 well was plugged and abandoned on August 23, 2011.

CNPCIT started drilling the Facai-1 well on June 13, 2011 and reached a total depth of 3,861 metres (12,667 feet). The well encountered two small gas shows during drilling; however, wireline logs indicated no zones worth testing. The Facai-1 well is the third and final well of a three well carried program for TVI in the Ténéré Block in Niger. The well also fulfills the first exploration period work program commitment on the Ténéré Block.

Once the final well data and reports are received from CNPCIT, TVI will analyze those reports prior to making any final conclusions and will provide an update at that time.

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

TVI Pacific Inc. is a publicly-traded resource company 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 property for anticipated production in the second half of 2012 and is carrying out an exploration program at its Tamarok copper-gold property. TVI also has oil interests in various stages of discovery, drilling and exploration in Alaska, Niger and off-shore Philippines.

Connect With Us

Follow us on Twitter

"Like" us at

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

Contact Information