New Resource Estimate for Agata North

CALGARY - TVI Pacific Inc. has filed an updated National Instrument 43-101 technical report. The independent technical report is entitled "Independent Report on the Nickel Laterite Resource - Agata North, Philippines."  The report was prepared for TVI Resource Development Phils. Inc, TVI's Philippine affiliate, by Mark G. Gifford, MSc, FAusIMM, of Margaret River, Western Australia.

The updated NI 43-101 reflects an updated and reclassified resource estimate for the Agata North nickel laterite resource.  The Agata Project is a joint venture with Mindoro Resources Ltd ("Mindoro") and operated by TVIRD. The new resource provides a robust foundation for moving forward, initially, with a direct shipping operation (DSO) of high-iron limonite (upper laterite horizon), followed by atmospheric leach processing of the underlying saprolite horizon.

Measured and Indicated resources increase to 33.9 million dry metric tonnes (dmt) at 1.1% nickel compared to the previous 31.8 million dmt at 1.05% nickel; Inferred resources are 2.0 million dmt at 1.04% nickel; Estimated contained nickel is 39.1 million tones; At a cut-off grade of 44% iron, there are an estimated 7.0 million dmt or about 10 million wmt at 48.5% iron and 0.94% nickel - a DSO product grade currently much in demand in China; The joint venture is fast-tracking DSO development and is targeting production in 2013.

The previous Agata resource estimate was carried out in 2011. This current resource estimate gives a superior grade-tonnage distribution. Sufficient high-iron limonite has been defined for approximately 5 years of DSO production at approximately 2m dmt / year. During this period it is expected that the nickel processing plant will be in operation.