TVI Exploration Activities and Infill drilling at Balabag

07/31/2007



Produce further positive results

Most Recent Drilling Results Include:
o 5.40 m averaging 3.91 gpt Au, 259.08 gpt Ag or 8.38 gpt AuEq
o 4.00 m averaging 6.32 gpt Au, 106.37 gpt Ag or 8.16 gpt AuEq
o 2.70 m averaging 1.99 gpt Au, 40.23 gpt Ag or 2.68 gpt AuEq
o 2.65 m averaging 1.10 gpt Au, 52.55 gpt Ag or 2.01 gpt AuEq

Project Scoping Study Completion Anticipated In The Third Quarter Of
2007; Preliminary Results Expected In Early August

Newly Discovered Vein Exposures Potentially Extend Mineralized
Zones
o Orebody Appears Open Laterally And At Depth