TVI Pacific Inc.

TVI Pacific Inc.

December 20, 2006 13:18 ET

TVI Pacific Regretfully Announces the Passing of Director

CALGARY, ALBERTA--(CCNMatthews - Dec. 20, 2006) - TVI Pacific Inc. (TSX:TVI) ("TVI" or the "Company") is deeply saddened to announce the passing away of one of its earliest directors, Wilfrid A. Loucks.

Mr. Loucks (BSc. in Geological Engineering) was an independent businessman who had been involved in the natural resource sector for over 50 years. Previously, he had held the positions of Managing Director of Norcen International, an oil and gas company, President of Coleman Colliers, a coal producing company, and Vice President of Norcen Energy Resources Ltd., a major Canadian resource company.

"We are deeply saddened by Wilf's passing," said Cliff James, TVI's CEO. "Wilf contributed in a very positive way to the Company's development over many years, and his contribution and friendship will be missed in the future."

The Board of Directors, management and staff of TVI Pacific Inc. extend to Wilfrid's family their deepest sympathies.

On behalf of the Board of Directors:

Clifford M. James, Chairman and CEO

Robert C. Armstrong, Director

C. Brian Cramm, Director

Jan R. Horejsi, Director

Peter C.G. Richards, Director

About TVI Pacific Inc. (TSX: TVI)

TVI Pacific Inc. is a publicly-listed 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 in nearly four decades) began mining and milling operations in mid-2004, producing gold and silver dore. Mill throughput is currently over 1,800 dmtpd, generating an average of approximately 160 AuEqOz per day from a gossan/oxide zone. TVI has received a completed NI 43-101 feasibility study on the Canatuan Sulphide project prepared by Norwest Corporation (which has been filed with certain securities regulatory authorities in Canada and is available at the SEDAR website.) The Norwest study addresses the copper-zinc bearing massive sulphide zone, or lower portion of the Canatuan Deposit. Planning for construction of the Sulphide Project at Canatuan is nearly complete and a positive plant production decision is anticipated in the near future, after further project optimization work has been completed. In addition, TVI 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 TVI's resource base and to find new deposits, and at Balabag and other areas which management of TVI view as compelling exploration properties.

In China, TVI's wholly-owned Chinese subsidiary, Hunan Pacific Geological Exploration Inc., is 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 Division consisting of Exploration Drilling Corporation ("EDCO"), a wholly-owned subsidiary of TVI Pacific Inc. based in the Philippines, and Hunan Pacific Drilling ("HPD"), a division 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.

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