Mr. Patrick Hanna reports

TVI ANNOUNCES THE RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

TVI Pacific Inc. shareholders approved all resolutions brought before them at the company's annual general and special meeting of shareholders held on June 23, 2022. A total of 203,573,689 shares were represented in person or by proxy at the meeting, representing approximately 30.99 per cent of the company's outstanding shares.

Results of annual general and special meeting

The following board members stood for re-election and were duly re-elected: Clifford M. James, Robert C. Armstrong, C. Brian Cramm, Jan R. Horejsi and David Moscovitz. These directors will hold office until the next TVI annual meeting, or until their successors are elected/appointed or a director vacates office in accordance with the bylaws of the corporation.

Voting results for individual directors are set out in an attached table.

PricewaterhouseCoopers LLP was reappointed as the external auditor of TVI and will hold office until the next annual meeting at such remuneration as may be determined by the directors of the company. Approximately 75.67 per cent of the votes cast supported the appointment of the auditor.

Shareholders also voted 71.12 per cent in favour to approve TVI's stock option plan, through which the total number of common shares reserved for issuance as incentive stock options granted to insiders shall not exceed 10 per cent of the total issued and outstanding common shares.

About TVI Pacific Inc.

TVI Pacific is a Canadian resource company focused on the acquisition of resource projects in the Asia-Pacific region. TVI currently holds a 30.66-per-cent equity interest in TVI Resource Development Phils. Inc., a Philippine corporation, a 14.4-per-cent equity interest in Mindoro Resources Ltd. and a 100-per-cent investment in shares of TG World Energy Corp.

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