TVI Provides Second Default Status Update
TVI PACIFIC INC.
For Immediate Release
TVI PROVIDES SECOND DEFAULT STATUS UPDATE
CALGARY, Alberta – June 1, 2026 – TVI Pacific Inc. ("TVI" or the "Corporation") (TSX.V: TVI, OTC: TVIPF) provides its
second bi-weekly Default Status Report under National Policy 12-203 Management Cease Trade Orders ("NP 12-203"),
pursuant to which TVI issued its original default announcement indicating that the filing of its annual audited financial
statements, annual management's discussion and analysis, and related certifications for the year ended December 31,
2025 (the "Required Filings"), would be delayed beyond the filing deadline of April 30, 2026. TVI reports that since its news
release dated May 19, 2026 there have been no material changes to the information contained therein that have not been
disclosed, nor any failure by TVI to fulfill its intentions as stated therein, other than as set forth below.
As a result of circumstances reasonably linked to the Corporation’s delay in filing the Required Filings, in addition to the default
to which this Default Status Report relates, the Corporation did not meet the deadline for filing its interim unaudited financial
statements, interim management's discussion and analysis, and related certifications for the three-month period ended March
31, 2026 (collectively, the "Interim Filings"). As a result of the Corporation’s delay in preparing the Required Filings, the Interim
Filings could not be properly completed in accordance with Canadian securities law and regulation. Under the securities laws
of the provinces in which TVI is a reporting issuer, the Interim Filings were to be filed by June 1, 2026.
The Alberta Securities Commission has advised the Corporation that its application to extend the management cease trade
order granted on May 4, 2026 (the “MCTO”) until June 16, 2026 has been approved.
The Corporation’s Board of Directors and management confirm that the audit is ongoing and that they are working expeditiously
with the Corporation’s auditor to meet the Corporation’s obligations related to the filing of the Required Filings and the Interim
Filings and expect to remedy the default by filing the Required Filings on or before June 8, 2026. The Corporation will file the
Interim Filings within five business days of filing of the Required Filings.
Until the Required Filings and Interim Filings have been filed, the Corporation intends to continue to satisfy the provisions of
the alternative information guidelines specified in NP 12-203 by issuing bi-weekly Default Status Reports in the form of further
press releases for so long as the Corporation remains in default of the financial statement filing requirement. In the event that
the Corporation does not file the Required Filings and Interim Filings in a timely manner, the Canadian Securities Regulatory
Authorities may impose an issuer cease trade order on the outstanding securities of the Corporation.
About TVI
TVI is a Canadian resource company focused on mining projects in the Philippines. TVI maintains a strong presence in the
Philippines through its 30.66% equity interest in TVIRD, a Philippines corporation.
For more information, please contact:
Michael G. Regino
Chief Executive Officer
Email: [email protected]
Phone: +632-7728-8491
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Forward-Looking Statements
Certain statements in this news release are "forward-looking statements", which reflect management's expectations
regarding the MCTO, timing of the filing of the Required Filings and Interim Filings and TVI's future business operations.
All statements other than statements of historical fact contained in this news release are forward-looking statements. Such
forward-looking statements involve risks and uncertainties, as they reflect management's current beliefs and are based on
information currently available to management. Actual results may differ materially from those anticipated in the statements
made. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-
looking statements are made as of the date of this news release and TVI assumes no obligation to update or revise them
to reflect new events or circumstances except as expressly required by applicable securities law. Further information
regarding the uncertainties and risks can be found in the disclosure documents filed by TVI with the securities regulatory
authorities, available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.