November 5, 2009
[TSX: TVI]
Construction of Canatuan Zinc Circuit
Begins Ahead of Schedule
TVI Pacific Inc. (TSX: ?TVI? or ?the Company?) today announced that its Philippine affiliate, TVI Resource Development (Phils.), Inc. (?TVIRD?), has begun construction of an additional flotation circuit to process zinc ore at TVIRD?s Canatuan Mine in Siocon, Zamboanga del Norte, in the Southern Philippines.
?As we mine through the copper rich portion of the ore body and start getting into the copper-zinc zone as expected, the ability to separate and monetize the zinc will result in additional revenue? said Cliff James, TVI?s President and CEO. ?This will allow us to further accelerate two key target areas of our growth strategy, which include exploration and development activities at Canatuan and Balabag, and exploration projects at Tamarok.?
Three months ahead of schedule, construction of the Zinc Circuit began on October 28, 2009, and is expected to be fully operational by late April 2010. Copper concentrate production will continue at a rate of approximately 5,000 tonnes per month while the zinc circuit is designed to produce approximately 1,000 tonnes per month of zinc concentrate. Off-take arrangements for the zinc concentrate are currently being negotiated.
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 deposits 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.
Further Information: Investor Relations ? 403-265-4356 or tvi-info@tvipacific.com
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", ?scheduled?, "to be", "will be" and similar expressions. Forward-looking statements in this News Release are based upon the opinions and expectations of management of the Company as at the date of such statements. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, 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. 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.
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Website: http://www.tvipacific.com E-mail: tvi-info@tvipacific.com