Philippine a negotiations loan to Mi n Venture In c project; and Agata nicke Subject to discussion Int e Pri n from Th e Phi Mindoro wi press relea for the bridg Mindoro h a similar finan these nego terms of the 60% intere

TV VI’s Philipp pine Affiliate In Nego otiations To

• Provide

CD DN$2 Millio on Convert tible Debenture Fina ancing To M Mindoro Re esources

CALGARY, ALBERTA - TVI Pacific c Inc. (TSX:T TVI) (OTCQX:TVIPF) ("TV VI" or "the Co ompany") an nd TVI's Philippine a affiliate, TVI R Resource Dev velopment (P Phils.), Inc. ("T TVIRD"), ann nounce that T TVIRD is curr rently in negotiations s to provide a a CDN$2.0 m million convert tible debenture financing, including a C CDN$400,000 0 bridge loan to Min ndoro Resources Ltd. (“M Mindoro”). M Mindoro is TV VIRD’s joint v venture partn ner in Agata Mining Venture Inc

c. (“AMVI”), w which currently operates the Agata nickel/iron late erite direct sh hipping ore ( (“DSO”) project; and d in Agata Pro ocessing Inc. (“API”), whic ch is in the final stages of a a definitive feasibility study y on the el processing project. The Agata project Agata nicke ts are located d in northern M Mindanao, the e Philippines. .

Subject to final approval from the boards of TV VIRD and M Mindoro, key terms of the e bridge loan n under discussion are as follows s:

• Inte erest rate of 8 8% per annum m;
• Prin ncipal and ac ccrued interes st due on the earlier of Jan nuary 31, 2015 or upon rec ceipt of the pr roceeds from m a proposed d $2 million co onvertible deb benture issue e to TVIRD; an nd
• The e bridge loan n will be secu ured by the s shares of Min ndoro’s wholly owned sub bsidiary, MRL L Nickel Phi ilippines Inc.

nds from the bridge loan to help finance its operat Mindoro will use the fun tions in the n near term. A further press relea Mindoro are obtained ase will be an nnounced onc ce final appro ovals from the e boards of T TVIRD and M for the bridg ge loan, which are expecte ed next week.

.

enture to TVIRD on Mindoro ha as also undertaken negot tiations to iss sue a CDN$2 2 million con nvertible debe similar finan ncial terms as the interim loan, except with a two-ye ear term and a conversion n feature of $ $0.05 in Year 1 and d $0.10 in Ye ear 2 in accor rdance with the rules of th he TSX Ventu ure Exchange

e. In the eve ent that these negotiations are s successfully c completed and d all regulatory and board approvals ar re obtained, t the final terms of the e financing an nd expected u use of procee eds will be disclosed in a press release.

y TVIRD and Mindoro in w AMVI is a joint venture company who ose shares a are owned by which TVIRD holds a 60% interest and is operator. TVI has a 30.66% by a 24.2% indirect % direct inte erest in TVIRD and thereb ownership interest in AM MVI through i its ownership p in TVIRD an nd its 14.4% direct interes st in Mindoro o, which holds a 15% interest an rther 25% in AMVI. If the convertible e debenture is to be nd option to acquire a fur converted a 0.05 in Year 1, TVIRD wo at a conversio on price of $0 ould gain a direct interest o of 11.9% in M Mindoro and a furthe er 4.7% indire ect interest in n AMVI throug gh its investm ment in Mindor ro, while the combined dir rect and indirect inte erest held by T TVI in Mindor ro would incre ease to 16.3% % from the cu urrent direct in nterest of 14.4 4% and TVI’s indire ect ownership interest in AM MVI would inc crease to 24.9 9%.

“We are very pleased at t the progress e “We are ver ry pleased at the progress e on the Agata proje ect in terms of the DSO operations, the exploratio on programs that are und derway at the e nickel laterite and limestone de eposits, and w work on the A Agata Ni Proc cessing Proje ect”, stated Cliff James, Ch hairman and Chief E Executive Off ficer of TVI and Chairman n of TVIRD, “T TVIRD’s negotiations with h Mindoro to provide nfidence and support in ou financial ba acking is testa ament to our c continued con ur partner on t the projects.”

About TVI Pacific Inc.

on, development, exploration and TVI Pacific Inc. is a Can nadian resource company y focused on the productio VI's affiliate, TVIRD, has to date acquisition of resource projects in th he Philippines s and Southe east Asia. TV produced copper and zinc concentrates as well as gold and silver doré from its Canatuan mine and has now commenced shipping high-iron/low nickel ore at the Agata DSO project, which is 60% held by TVIRD. TVIRD is also in the final stages of completing a definitive feasibility study (“DFS”) on the innovative Agata nickel processing project, in which TVIRD has the right to earn a 60% interest upon completion of the DFS, and continues to advance its 100% owned Balabag Gold-Silver project. TVI is a direct or indirect participant/operator in several joint venture projects in the Philippines, Papua New Guinea and Fiji and also has an interest in an offshore Philippine oil property.

In addition to retaining a 30.66% indirect interest in TVIRD and other Philippine subsidiaries, TVI continues to directly hold (i) 20.04% equity interest in Foyson Resources Limited ("Foyson") (ii) a 14.4% equity interest in Mindoro; (iii) its 10% interest in the Amazon Bay Iron Sands project (for which the exploration license is held by Titan Mines Limited, a company in which Foyson holds 50% shareholding and has an option to acquire the remaining 50%); and (iv) its 100% investment in shares of TG World Energy Corp.

TVI Pacific Inc.

Shirley Anthony Investor Relations 778.999.2771 [email protected]

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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 cash flows anticipated from future production of high-iron/low nickel DSO at the Agata Mining Project, is based upon high- iron/low nickel DSO prices in effect as at the date of this News Release, management's forecasts of trends in prices of high-iron/low nickel DSO, current mining rates of high-iron/low nickel DSO from the Agata Mining Project, estimates of the size of the high-iron/low nickel DSO reserves at Agata Mining Project, the current development plan for Agata Mining Project, TVIRD's current budget and overall strategy for Agata Mining Project, which plans, budget and strategy are all subject to change. 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, 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, 2013, which was filed on SEDAR on March 19, 2014 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.