Philippine a Mining Ve n operator, h nickel lateri to increase deposit. An “I am proud our under s Chairman a activities a t valuation as which coul d funding for Exploratio As announ October 20 increase th the span of step-out ho

TV VI’s Philipp pine Affiliate JV Com mpletes Lar rge-Scale D Drill Progra am at the Agat ta Nickel Laterite Pro oject; Upda ated Resou urce Model Expected d in Q3/201

CALGARY, ALBERTA - TVI Pacific c Inc. (TSX:T TVI) (OTCQB:TVIPF) (“TV VI” or “the Co ompany”) an nd TVI's Philippine a affiliate, TVI R Resource Dev velopment (P Phils.), Inc. ("T TVIRD"), are pleased to a announce tha at Agata Mining Ven ntures Inc. ("A AMVI"), a joint venture co ompany in w which TVIRD holds a 60% % interest and d is the operator, has completed d a detailed d drill program comprising 9 986 holes tota alling 16,768 metres at its s Agata nickel lateri ite project loc cated in north hern Mindana ao, the Philipp pines. Result ts from this p program will b be used to increase the confidence level of the e existing nickel laterite re esources and potentially ex xpand the size e of the deposit. An updated NI43-101 report is expected fo or completion n in the third q quarter of 201 15.

“I am proud x months to improve d of the TVIRD D team for co ompleting suc ch a substanti ial drill campa aign in just six ated Clifford James, our understanding of th he Agata nick kel laterite deposit and it ts resource p potential,” sta e for ongoing mining TVI and Chairman of TVIRD. "The res Chairman a and CEO of T sults will serv ve as a guide activities at t the Agata n nickel laterite direct shippi ing ore (“DSO O”) operation ns and will also support T TVIRD’s

• the achievement of

valuation as s it seeks to s secure a listin ng on the Philippine Stock Exchange lat ter this year – e TVI with a possible source of which could d substantially enhance T TVI's 30.66% % investment and provide funding for future project ts.”

Exploration Program S Summary

As announced in news on Novembe er 26, 2014, AMVI comme enced a deta ailed diamond d drilling prog gram in October 2014 consisting g of in-fill and step-out drill holes on the e Agata nicke el laterite oreb body to upgra ade and increase the resources p es was completed in previously dis sclosed in Ap pril 2013. The e program of 986 drill hole the span of mprised of 907 in-fill holes and 79 bilized at one time and com f six months w with up to 17 drill rigs mob step-out ho oles.

Of the 907 in-fill holes, 583 holes (to otalling 10,52 20.7 metres) were drilled a at 25-metre-b by-25-metre s spacing and 324 ho oles (totalling 5,348.1 metr res) were drill led at 50-met tre-by-50-met tre spacing. Results have e shown average nic ckel and iron grades for saprolite horiz zons of 1.3% nickel and 14% iron while e limonite int tercepts averaged 1.1% nickel and 49% iron (both at a cu ut-off grade o of 0.8% nickel). Significan nt intercepts o of up to 4.3% nicke el and 55% ir ron were enc countered at v vertical thickn nesses ranging from 6 to

• 22 metres. These

wn resources from the “Ind results will be used primarily to upgra ade the confid dence level of f current know dicated” category to the “Measure ed” category.

A step-out drill program m consisting o of 79 holes ( (totalling 899 9.3 metres) w was also com mpleted with p positive results. A total of 78 ou ut of 79 holes s drilled in th he southwest, , central and northeast areas surround ding the current Ag rolite ore with nickel gr rades above 0.8%. gata mining area interce epted limonit te and sapr Approximat tely 22 holes had intercept ts ranging from 10 to 24 m metres of nicke el-rich horizon ns with grade es equal to or greate er than 1.3%. The maximu um iron grade e recorded fro om the step-out holes was 54%. These e results will be incorporated into the updated NI43-101 rep port and may e expand the cu urrent resources at the pro oject.

A drillhole location map and full ta able of results are availa able as PDF F links to th his news rele ease at www.tvipac cific.com.

Qualified Person and Quality Assurance/Quality Control (QA/QC)

Mike Bue, Bsc. Eng, M.Eng, P.Eng, Technical Advisor and Project Advisory Group member of TVI and a member of the Professional Engineers of Ontario and Canadian Institute of Mining and Metallurgy, is the qualified person under NI43-101 who has approved the technical information in this news release.

Core samples are analyzed in the AMVI-operated Agata mine laboratory using XRF and Four-Acid Digestion techniques. Standard QA/QC procedures are implemented in core handling and sampling at Agata. Quality control materials inserted into sample dispatch include third party purchased Certified Reference Materials for laterite ore, coarse duplicates and blanks. Assay results of QA/QC materials are strictly monitored and re-analysis of the complete batch of samples is carried out when anomalous assay results are noted.

About the Agata Project

The Agata project is held by AMVI, a joint venture company in which TVIRD holds a 60% interest and is the operator, and the remaining interest is held by Mindoro Resources Ltd. ("Mindoro"). TVI currently has a 30.66% interest in TVIRD as well as a 14.4% equity interest in Mindoro, and thereby has a 24.2% indirect ownership interest in AMVI.

The Agata Project is located in Agusan del Norte province, within the Surigao mining region on the island of Mindanao, Philippines. The Surigao region is a major lateritic nickel producing region providing ore to processing plants in Australia, China, Korea and Japan. The Agata Project is well located and benefits from its deep protected seaport which provides the opportunity for year-round shipping.

Commercial production of nickel laterite DSO commenced at the project in October 2014. To date, a total of 13 nickel laterite ore shipments have been completed by AMVI containing a total of 641,361 wmt of limonite ore and 60,369 wmt of saprolite ore for total gross proceeds of US$11.23 million.

An NI 43-101 compliant mineral resource estimate released on April 10, 2013 shows the Agata nickel laterite project to have 33.9 million tonnes grading 1.1% nickel and 22.5% iron in the Measured and Indicated resource categories and an additional 2.1 million tonnes grading 1.0% nickel and 16.3% iron in the Inferred resource category. The report is available for viewing on http://www.sedar.com and www.tvipacific.com. This resource model will be updated based on the results of the drilling program mentioned above.

About TVI Pacific Inc.

TVI Pacific Inc. is a Canadian resource company focused on the production, development, exploration and acquisition of resource projects in the Asia Pacific region. TVI's track record of success includes putting the first foreign invested mine into production in the Philippines after the passage of the Philippines Mining Act of 1995. From 2004 to 2014, the Canatuan mine produced 105,200 ounces of gold, 1.8 million ounces of silver, 199,778 dry metric tonnes of copper concentrate and 30,558 dry metric tonnes of zinc concentrate.

TVI currently holds a 30.66% interest in TVIRD, a private Philippine resource company engaged in the production of nickel laterite ore at the Agata project as well as the completion of a definitive feasibility study on a nickel processing facility. Additionally, TVIRD is focused on advancing its 100% owned Balabag Gold- Silver project towards production and achieving a listing on the PSE in 2015. In addition to its interest in TVIRD, TVI also holds (i) a 26.0% equity interest in Foyson Resources Limited; (ii) a 14.4% equity interest in Mindoro Resources Ltd.; (iii) a 10% interest in the Amazon Bay Iron Sands project in Papua New Guinea; and (iv) a 100% investment in shares of TG World.

Contact Information:

Shirley Anthony VP Corporate Communications TVI Pacific Inc.

Phone: 778.999.2771 E-mail: [email protected]

IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe", "scheduled", "to be", "will be" and similar expressions. Forward-looking statements in this News Release are based upon the opinions and expectations of management of the Company as at the effective date of such statements. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that those expectations will prove to have been correct. Forward-looking statements are subject to certain risks and uncertainties (known and unknown) that could cause actual outcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include, but are not limited to, such things as inherent risks associated with the exploration and development of mining properties, ultimate recoverability of mineral reserves, timing, results and costs of exploration and development activities, availability of financial resources or third-party financing, new laws (domestic or foreign), changes in administrative practices, changes in exploration plans or budgets, and availability of equipment and personnel.

Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this News Release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes. Forward-looking information respecting the anticipated timing of future shipments of high-iron/low nickel DSO from the Agata Mining Project, is based upon current mining rates of high-iron/low nickel DSO from the Agata Mining Project, the terms of the third party offtake agreement for the purchase of high-iron/low nickel DSO produced at the Agata Mining Project, estimates of the size of the high-iron/low nickel DSO reserves at the Agata Mining Project, the current development plan for the Agata Mining Project, TVIRD's current budget and overall strategy for the Agata Mining Project, for which plans, budget and strategy are all subject to change. The forward-looking statements of the Company contained in this News Release are expressly qualified, in their entirety, by this cautionary statement. Various risks to which the Company is exposed in the conduct of its business (including mining activities) are described in detail in the Company's Annual Information Form for the year ended December 31, 2014, which was filed on SEDAR on March 25, 2015 and is available under the Company's profile at www.SEDAR.com. Subject to applicable securities laws, the Company does not undertake any obligation to publicly revise the forward-looking statements included in this News Release to reflect subsequent events or circumstances.