PMEA Blog

CALGARY, ALBERTA–(CCNMatthews - Feb. 15, 2007) - TVI Pacific Inc. (TSX:TVI) (”TVI” or the “Company”) today announced that its affiliate, TVI Resource Development (Phils.), Inc. (”TVIRD”), has identified occurrences of Gold (Au), Silver (Ag) and Copper (Cu) mineralization at two sites, Matigdao and Palalian, which are located approximately 15 kilometres northeast of the Canatuan Mine, on the Zamboanga Peninsula, Mindanao. The Matigdao and Palalian sites are one kilometre apart, and lie within TVIRD’s Exploration Permit Application (EXPA-00061-IX), approximately five kilometres from the recently announced Tabingan Prospect.

Certain statements in this News Release constitute forward-looking statements, including statements respecting additional exploration activities at Matigdao/Palalian and the timing of receipt of regulatory approvals from Government authorities in the Philippines. Readers should refer to the cautionary statement that appears at the end of this News Release.

The Matigdao and Palalian samples were recovered from test pits and channels located in areas previously worked by artisanal miners who are no longer present. They included banded to semi-massive sulphides and gossan occurrences. Six channel samples from one drift assayed an average 6.45 grams per tonne (gpt) Au and 264 gpt Ag, open along strike and at depth. Additional samples taken from test pits produced highs of 3.63 gpt Au, 180 gpt Ag and 7.99% Cu.

Management of the Company believes that the occurrences are consistent with a Volcanogenic Massive Sulphide (”VMS”) style of mineralization and resemble the schist formation known to host the Canatuan ore bodies and most other known mineral occurrences in the district. VMS ore bodies such as the one present at Canatuan have often been accompanied, in other locations around the world, by similar ore bodies nearby.

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