Canatuan Mine Operations Update:

08/16/2007



TVI Releases Second Quarter Operating Results For Canatuan Mine

•Metal Production of 15,437 Ounces – 16% Increase from First Quarter
•Record Mill Throughput – 10% Higher than First Quarter; 46% Increase
From Q2 2006
•Record Gold Recovery Of 91.1%
•Silver Recovery Approaching Target Of 60.0%

TVI Pacific Inc. (TSX: “TVI” or the “Company) today released
second quarter operating statistics for the Canatuan Mine, located in the southern
Philippines, which is owned by its affiliate, TVI Resource Development (Phils)
Inc. (“TVIRD”). The Canatuan mine significantly improved its operating
performance compared with the first quarter, setting records for gold recovery
and mill throughput.