BALABAG PROJECT UPDATE:

08/22/2008



TVI Pacific files Balabag Scoping Study

Drillers of Exploration Drilling Corporation (EDCO) set up a drill rig at Balabag in this file photo taken last year. The Management and Board of Directors of TVI Pacific Inc are encouraged by the Balabag Scoping Study, which supports their conclusion that the preparation of a comprehensive exploration and feasibility work program is warranted to further assess the resource and reserve models and to provide additional engineering, environmental, socio-political, and commercial site studies.

TVI Pacific Inc. (TVI), an affiliate of TVI Resource Development Philippines, Inc. (TVIRD), announced that it has filed on SEDAR (www.sedar.com) the comprehensive scoping study (prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects) respecting the Balabag epithermal gold project, which is located near the municipalities of Bayog, Zamboanga Del Sur, and Diplahan, Zamboanga Sibugay, in the Philippines. The study, entitled Scoping Study of the Balabag Project, was prepared by Genivar Limited Partnership of Montreal, Quebec, Canada (“Genivar”).

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