TVI Pacific Debt Reduction

TVI Pacific Inc. (TSX:TVI) (“TVI”) has announced that its Philippine affiliate, TVI Resource Development Philippines, Inc. (“TVIRD”) has reduced the original principal balance of its outstanding debt by 46%.

With the addition of a regularly scheduled loan payment of US$2.0 million made on January 19, 2010, TVI has now reduced its five year debt facility from US $30.1 million to $16.2 million in less than one year.

“Our consistent cash flow resulting from operating efficiencies, rigid cost control, a dedicated operations group and favourable copper prices has enabled us to execute on one of our key strategy elements, that of decreasing interest costs” said Cliff James, President and CEO. “The debt repayment has made a substantial improvement in our balance sheet; and our cash flow from operations will allow us to progress mine life extension plans at Canatuan with our partner DACON, accelerate our development program at Balabag and advance our exploration initiatives at Tamarok.”

About TVI Pacific Inc.

TVI Pacific Inc. is a publically traded, profitable, low cost copper producer focused on the production, development, exploration and acquisition of precious and base metal mining deposits in the Philippines. The Company’s interest in the Canatuan Mine and its other Philippine assets are held through its affiliate, TVI Resource Development (Phils.), Inc.

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