Dear Karolina Domenech,
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December 18, 2007
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TVI ANNOUNCES MANAGEMENT CHANGES
TVI Pacific Inc. (TSX: "TVI" or the "Company")
announced today that Mr. Joseph W. Bronneberg is no longer acting as
Chief Financial Officer ("CFO") of the Corporation, effective
December 18, 2007. Mr. Luis Santos Jr., CFO Asia for TVI will act
as Interim CFO of the Company until such time a replacement is found.
Mr. Bronneberg served
as the CFO of the Company since his appointment on July 23, 2007 and has
resigned to accept another employment opportunity. Shortly after
Mr. Bronneberg became CFO, the Company announced that it would be
restating its consolidated financial statements for prior periods. Mr.
Bronneberg was not involved in the preparation of any of the financial
statements or other continuous disclosure filings made prior to his
appointment.
Cliff James, the
President and Chief Executive Officer of TVI noted, "We wish to
thank Joe for his leadership and particularly for his commitment to
remain with the Company until the accounting restatement was
finalized."
Mr. Santos Jr. is a
Certified Public Accountant with 15 years of experience in financial
management, control, asset protection and treasury management in the
transportation, property and mining industries. He has been with the
Company since February, 2004.
About
TVI Pacific Inc. (TSX: TVI)
TVI Pacific Inc. is a
publicly traded Canadian mining company focused on exploring for and
producing precious and base metals within district scale systems in the
Philippines and other Asian countries. The Company's interest in the
Canatuan Mine and its other Philippine assets are held through its
affiliate, TVI Resource Development (Phils.) Ltd.
("TVIRD"). TVI's most advanced project, the Canatuan
Mine, currently produces gold and silver dor�.
-30-
Further Information:
Clifford M. James, President and CEO
Paul Moon, Director, Corporate Communications (403) 265-4356
The Toronto Stock
Exchange has neither approved nor disapproved of the information
contained herein.
2000, 736 - 6 Avenue S.W. Calgary, Alberta T2P
3T7
Tel: (403) 265-4356 Fax: (403) 264-7028
Website:
http://www.tvipacific.com E-mail:
tvi-info@tvipacific.com
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