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TVI Pacific Inc.

10:03 AM EST - TVI Pacific Inc. : provided an update on the progress to date at its Balabag gold project. The Phase 2 drill program has been successful in its objective of confirming and extending the Balabag mineral resource, with 32 out of 39 holes showing mineralization. A decision has been made to submit a Declaration of Mining Feasibility to the Mines and Geosciences Bureau as soon as possible, and the Internal Feasibility Study remains on track. TVI Pacific Inc. shares T.TVI are trading down $0.005 at $0.09.