ALERT TVI

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Marketwire


TVI PACIFIC INC.

October 7, 2010 - 08:08:32 AM

TVI Pacific Acquires Rights to Exploration Property Near Canatuan Mine,

Including Drill-Ready Prospects

CALGARY, ALBERTA--(Marketwire - Oct. 7, 2010) - TVI Pacific Inc.

(TSX:TVI)(OTCQX:TVIPF) ("TVI" or "the Company") today announced the

acquisition of rights to explore and subsequently acquire a highly prospective

Copper-Zinc-Gold (Cu-Zn-Au) property on the Zamboanga Peninsula, Mindanao

Island, Philippines. TVI's Philippine operating affiliate, TVI Resource

Development (Phils.), Inc. ("TVIRD"), has signed two agreements that cover a

total of 2,000 hectares (4,900 acres) both areas being located within MPSA No.

076-97-IX granted to Siennalynn Gold Mining Corp. (SGMC).

A reinterpretation of previous exploration data on the property from programs

conducted by major international mining companies, together with recent field

work conducted by TVIRD, has identified two types of exploration targets:

near- surface showings that could provide material for immediate trucking to

the Canatuan mill site; and deeper, potentially major hydrothermal deposits.

These targets could add additional ore sources and extend and expand TVI's

mining operations at Canatuan.

Click here to view Property Map and Location of Prospects

Immediate Benefits of the Acquisition

- Samples taken recently from small scale mine workings at the Pinili Prospect

show grades of up to 3.62% copper (Cu), 15.59% zinc (Zn) and 2.40g/t gold

(Au);

- Exploration data, including airborne and ground geophysical data acquired

along with the property, have been re-interpreted by geophysical consultants

and TVIRD geologists. Several immediately drillable prospects; namely, Pinili,

Nanao West and Nanao East lie within a short trucking distance of about 25

kilometers (15.5 miles) from TVI's operating mine at Canatuan; and

- The primary prospect, the Pinili Prospect, where small scale, high-grade

copper mining has taken place, has been identified for immediate drilling.

Exploration Plan

Drilling of the property is planned in two stages:

- Stage 1: a total drill program of about 1,200 metres (3,900 feet) will begin

in October 2010 to assess the extent and quality of the near-surface

mineralization.

-- 7 holes for a total of 500 metres (1,600 feet) at the Pinili Prospect; and

-- 1 hole each at the Nanao West and Nanao East Prospects for a total of 700

metres (2,296 feet).

- Stage 2: By mid-2011, approximately 3,000 meters (9,842 feet) of exploratory

drilling will be carried out on prospects that could host deeper hydrothermal

porphyry copper targets. These prospects include Bailos, Abueva, Tatfu, and

Rodrige.

Property Acquisition Summary

- The properties were acquired from SGMC and YZ Summit Mining Corp, ("YZ"), a

small-scale operator who had entered into an Operating Agreement with SGMC on

a portion of the Siennalyn MPSA and over the past two years was engaged in

mining for the purposes of direct shipping copper ore to China from two small

adits on the Pinili Prospect.

- TVIRD acquired the exploration rights over the property for an initial

consideration of US$1.2 million in cash, with the right to acquire a 100%

interest in the property at a subsequent time, in the event of a decision to

develop a mine.

Geology

The property is underlain by volcanic intrusive rocks which contain epithermal

and mesothermal auriferous quartz-sulphide veins. These veins have been the

target of small-scale gold operators over the past few years.

Near Surface Targets for Immediate Drill Program

Clast-supported hydrothermal breccias containing copper-zinc-lead (Cu-Zn-Pb)

sulphides and gold (Au) within areas of low-temperature alteration are exposed

in historical excavations at Siennalynn. Grades of up to 3.62% Cu, 15.59% Zn

and 2.40g/t Au in the breccia lodes located in the northern part of the

property have been identified as possible near-term feed for the Canatuan

plant. This area, called the Pinili Prospect area will be the subject of the

immediate drill program.

TVIRD mapping recently completed at the Pinili Prospect Adit 2 revealed that

the main mineralized breccia lode strikes WNW with steep dip directions

swinging from NE to SW. It is exposed for at least 85 meters (278 feet) along

the drift of Adit 2. The breccia lode is a structurally-emplaced body at least

2 meters (6.5 feet) wide where mapped, but the full width is not exposed in

Adit 2 and may therefore be greater. A low grade mineralized alteration halo

also exists around the main breccia lode. Where it was exposed at a crosscut

within Adit 2, an 8 metre (26 feet) thick zone grading 0.22% Cu (with trace

gold and zinc) was encountered. Drilling will allow determination of true

width and strike continuity of the Pinili breccia lode.

Potential Deeper Hydrothermal Deposits

Evidence of additional, larger and deeper mineralized targets of porphyry

mineralization is being identified using reprocessed geophysical data combined

with ground prospecting recently completed by TVIRD. Mineralization is

extensive but outcrop exposure is limited requiring further follow-up. These

prospects are Bailos, Abueva, Tatfu, Rodrige, Nanao West and Nanao East.

Previous airborne magnetic survey data outlined a large alteration zone of

quartz-clay-sulphide-iron oxide in the central part of the project area.

Reprocessing of this magnetic survey data revealed a core alteration zone 2

Kilometres by 1.5 Kilometres (1.2 miles by 1 mile) of low magnetic intensity

surrounded by magnetic volcanic rocks. Surface mapping of this alteration zone

has outlined several mineralized areas of quartz-sulphide breccias and

hematitic altered rocks.

Soil geochemical anomalies coincident with ground IP and magnetic survey

anomalies from previous investigations occur along the margin of the

alteration core. Ground prospecting follow-up by TVIRD has identified several

potential drill targets; namely, Bailos, Abueva, Tatfu and Rodrige. Of these

prospects, Bailos has been traced over 1 kilometer (0.6 miles) in length.

Further exploration including trenching, mapping and sampling will be carried

out to better pinpoint the drill targets.

Cesar Medina, Exploration Manager of TVIRD, is acting as the Qualified Person

in compliance with NI 43-101 reporting requirements with respect to this news

release by virtue of Mr. Medina's membership of the Australasian Institute of

Mining and Metallurgy (AusIMM) and the reciprocity rules covered under ROPO

(Recognized Overseas Professional Organizations). He has prepared and/or

supervised the preparation of the scientific or technical information in this

document and confirms compliance with NI 43-101 requirements. TVIRD's

exploration programs are designed and conducted under the supervision of Mr.

Medina.

Peter Swiridiuk of AIMEX Geophysics, Gold Coast, Australia and Graeme Mackee

of Geo Discovery Group Pty. Ltd., Brisbane, Australia have been engaged by

TVIRD as consultants for the re-processing and interpretation of the airborne

and ground geophysical data acquired by Placer in late 1990s. Messrs.

Swiridiuk and Mackee are also Qualified Persons in compliance with NI 43-101

reporting requirements.