TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) ('TVI' or 'the Company') is pleased to provide an update with respect to dividends received from TVI Resource Development Phils., Inc. ('TVIRD'), a Philippines corporation in which TVI holds a 30.66% interest, as well as construction progress at TVIRD's 100% owned Balabag gold and silver project ('Balabag') located in Zamboanga del Sur, Philippines.

Agata Direct Shipping Nickel/Iron Operations Update

TVIRD holds a 60% interest in and is operator of the Agata direct shipping Nickel/Iron project, Agata Mining Ventures Inc. ('AMVI'), which commenced operations in October 2014 and includes also Mindoro Resources Ltd. (15%) and Minimax (25%). The Agata site is situated in a 4,995 hectare Mineral Processing Sharing Agreement ('MPSA') area located in the adjacent municipalities of Tubay, Jabonga and Santiago in Agusan del Norte province, Philippines. The project mine site is located 3.5 km from AMVI's private port, which is strategically located within proximity to main markets in Asia and bears the opportunity for shipping all year round.

About TVI Resource Development Phils. Inc.

TVIRD, a Philippine corporation in which TVI holds a 30.66% interest, is a diversified mining company that focuses on the acquisition, exploration, development and production of resource projects in the Philippines. It operates under the highest standards of health and safety practices for its workers and its host community and is uncompromising in its best-practices approach to environmental protection as well as community development. TVIRD has a pool of highly competent managers, technical personnel and skilled workers with previous experience in gold-silver operation and owns 100% of the Balabag gold/silver project in addition to 60% interest in AMVI, a nickel laterite DSO operation that commenced in October 2014 and in which TVIRD is operator. AMVI has shipped a total of 15.46 million wet metric tonnes through 284 shipments through to August 31, 2020.

About TVI Pacific Inc.

TVI Pacific Inc. is a Canadian resource company focused on the acquisition of resource projects in the Asia Pacific region. TVI currently holds a 30.66% equity interest in TVIRD and a 2.95% equity interest in Integrated Green Energy Solutions Ltd., a publicly listed company incorporated in Australia with shares listed on the ASX. Integrated Green Energy Solutions Ltd. is engaged in the commercialization of technologies to convert waste plastics to fuel in Australia and internationally. TVI's other holdings include a 14.4% equity interest in Mindoro Resources Ltd. and a 100% investment in shares of TG World. As at the date of this announcement, TVI has 655,537,039 outstanding common shares and 696,887,039 fully diluted including the currently issued outstanding options of 41,350,000.

Contact:

Tel: 403-265- 4356

(C) 2020 Electronic News Publishing, source ENP Newswire