TVI Pacific Inc.

10:03 AM EST - TVI Pacific Inc. : Announced that TVI Resource Development Phils., Inc. a Philippines corporation in which TVI holds a 30.66% interest, has completed its third drawdown of $3 million U.S. under the previously announced $28.5 million U.S., five-year term loan facility provided by China Banking Corporation. The Facility has been provided specifically to finance construction of infrastructure at the Balabag gold/silver mining project and is expected to be sufficient to enable Balabag to become operational. The third drawdown brings the total drawn to date under the Facility to $12 million U.S. TVI Pacific Inc. shares V.TVI are trading up $0.005 at $0.01.