TVI Pacific Inc (TVIPF)

[the cork]

TVI Pacific Inc. Completes 25th Shipment of Copper Concentrate
Date : 11/23/2011 @ 6:00AM
Source : MarketWire

TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF) (TVI or the Company) announced today that its Philippine operating affiliate, TVI Resource Development (Phils.), Inc. (TVIRD), completed its 25th shipment of copper concentrate produced at the Canatuan mine on November 18, 2011.

- 4,699 dry metric tonnes (dmt) of concentrate was shipped containing 23.2% copper;
- Gross revenue of US$12.0 million will be received for the shipment; and
- Inventory of 1,762 dmt of copper concentrate is currently in storage.

The Company's 25th shipment of 4,699 dmt of copper concentrate left the port of Santa Maria in Siocon, Zamboanga del Norte, in accordance with the off-take arrangement between TVIRD and MRI Trading AG (MRI) on November 18, 2011. TVIRD expects to earn gross revenue of approximately US$12.0 million from MRI for this shipment (pending final assay and price adjustments). Approximately 1,762 dmt of copper concentrate remains in inventory.

Copper production remains steady at the Canatuan mine, achieving copper concentrate grade levels between 23 and 25 percent. It is anticipated that a shipment of zinc and copper concentrates will be completed prior to year end.

About TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF)

TVI Pacific Inc. is a publicly-traded Canadian company that is focused on the production, development, exploration and acquisition of resource projects in the Philippines. TVI produces copper and zinc concentrates from its Canatuan mine, is pre-developing its Balabag gold and silver project, and is carrying out exploration programs on its other North Zamboanga tenements. TVI also has an interest in an offshore Philippine oil property.

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Contacts:

TVI Pacific Inc.

Rhonda Bennetto
Vice President, Investor & Corporate Relations
403.265.4356
[e-mail]

TVI Pacific Inc.
Ian McColl
Investor Relations Analyst
403.265.4356
[e-mail]
www.tvipacific.com


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