TVI Pacific Inc. (TSE:TVI)

[ChuckD-MSB]

http://www.tvipacific.com/Investors/news/News-Release-Details/2011/TVI-Pacific-Provides-First-Quarter-2011-Financial-and-Operational-Results1125291/default.aspx

Good Morning



Attached is our Q1 results release and the corresponding MD&A. As most of you are aware, the second shipment did not depart until after March 31 due to timing of the vessel. We did however, receive more than 90% of the cash for that cargo but unfortunately we cannot recognize it as “revenue” as the concentrate did not load so the total cash received in Q1 is not reflected in gross revenue, net revenue or net earnings for Q1. Please also note the amount of inventory remaining. The next shipment remains on schedule for end of May and we are doing our best to secure another vessel prior to June 30th (if possible). Also worth noting, now that the zinc circuit is up and running, we expect copper concentrate grades produced and shipped will be 24-25% going forward (and in inventory now).



Feel free to write in or call with any questions.

Regards,

Rhonda



Rhonda Bennetto | VP Investor & Corporate Relations

desk 403.233.6506
mobile [phone]



TVI Pacific Mining in the Philippines
2000, 736-6 Ave SW | Calgary, Alberta, Canada T2P 3T7



Connect With Us:

http://www.tvipacific.com

www.twitter.com/tvipacific

www.facebook.com/tvipacific