Sulphide Project Update:

03/18/2008



TVIRD signs definitive US$15 million bridge financing agreement

TVI Resource Development (Phils.) Inc. has signed a definitive loan
agreement with LIM Asia Arbitrage Fund Inc. and LIM Asia Special Situations
Master Fund Limited, providing for a US$15 million bridge financing
facility. The ability of TVIRD to draw amounts under the Facility is
subject to perfection of the security interest comtemplated by the Omnibus
Loan and Security Agreement between TVIRD and the lenders.

For full details download pdf file