The Future
Utilizing the current bridge funds from LIM and with future funds we are still negotiating (but confident
we will secure), our plan is to aggressively build our Company by completing the Canatuan cash flow
engine. Simultaneously, we plan to build further value through an expanded exploration program
going forward. Our goal has been, and will continue to be, the creation of substantial share value for
all shareholders.
As a result of last years negative events we fully recognize that shareholder confidence in our
Company has been badly affected. Our goal is to change that sentiment with positive, value-adding
announcements of successful accomplishments as we execute our plan in the future. Management
continues to see tremendous value in our portfolio of properties and with share prices hovering
around historic lows, the discrepancy between market valuation and potential value is even more
pronounced. We clearly see this as an investment opportunity for all stakeholders.
We plan to keep all stakeholders fully informed as we move forward with the execution of our plans.
As always, we aim to provide as much public information as we can, keeping in mind our disclosure
obligations as a transparent public entity. We appreciate the continued feedback from our investors.
Lastly, I would like to thank the faithful shareholders who have remained with us, those who have
joined us and the TVI team for persevering through this difficult past year. We look forward to
brighter, more profitable years ahead.
Yours sincerely,
Clifford M. James, President and CEO – April, 2008
