VMS Vortex Metals Inc

TVI Pacific Inc. (TSX:TVI) ("TVI") today announced that its Philippine
affiliate, TVI Resource Development Philippines, Inc. ("TVIRD") and Joint
Venture ("JV") partner DMC-CERI, a unit of Dacon Corporation, have finalized the
initial work program leading to the exploration, development and production of
mineral deposits in the Greater Canatuan Tenement ("Greater Canatuan") Area.


The JV partners have initiated three main activities under the work program:



--  Free Prior Informed Consent ("FPIC") process; 
--  Airborne geophysical survey; and 
--  Completion of required processes of the Exploration Permit Application
    ("EXPA"). 



TVIRD has successfully secured the endorsement of the local council and
municipal authorities for the program. Once the FPIC process is completed, all
requirements will have been fulfilled for the issuance of the Exploration
Permit. 


The FPIC process is a Philippine government regulatory requirement for proponent
firms to inform affected indigenous communities of proposed exploration
projects; to obtain and to document the consent of the affected communities; and
to execute a Memorandum of Agreement embodying the agreements of the proponent,
the communities and the Philippine National Commission on Indigenous Peoples
("NCIP"). This application has been tendered to the NCIP central office.
Informal communications with indigenous people and identification of the
relevant communities for formal consultation have begun. The FPIC process is
estimated to take between three to five months, depending on government
timetables.


Technical Program

TVIRD, as designated Operator of the JV, is in the final process of negotiating
the contract with an international service provider to conduct an airborne
Transient Electromagnetic and Magnetic ("TEM+mags") survey of the Greater
Canatuan Project area. This survey will search for geophysical signatures of
Volcanogenic Massive Sulphide ("VMS") style mineralization. The contiguous
TVIRD-owned tenements covering TVIRD's operating Canatuan mine and surrounding
areas (in excess of 35,000 hectares, including Greater Canatuan) will also be
flown. TVIRD believes that this region has been underexplored for VMS style
mineralization and that other deposits of similar attributes to the Canatuan
orebody may exist within this greenstone belt. 


In addition to the previously outlined VMS occurrences in EXPA 61, namely
Tabingan, Matigdao and Palalian, the airborne surveys are expected to produce a
number of geophysical conductors that will be subject to ground confirmation
geophysical and prospecting surveys as soon as ground access becomes available
(completion of the FPIC and EXPA application process). 


Those occurrences that are confirmed as prospects by further evaluation will
undergo grid-based systematic exploration such as rock/soil sampling, geological
mapping, ground EM and magnetics surveys, and pitting and trenching. These
activities will be followed by drilling as warranted.


TVIRD also plans to fly airborne Magnetics and Radiometrics surveys over the
rest of its Zamboanga peninsula tenements and application areas in search of
intrusive-related mineralization styles including porphyries, skarns and
high-level epithermal deposits. These surveys are scheduled to be flown as soon
as regulatory clearances are obtained and the equipment is mobilized into the
country. Providing the permitting process goes as expected, the airborne program
should begin mid Q3.


About TVI Pacific Inc. (TSX:TVI) 

TVI Pacific Inc. is a publically traded, profitable, low cost copper producer
focused on the production, development, exploration and acquisition of precious
and base metal mining projects 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.


IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

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",
"schedule" 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
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.


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, except as required
by law.

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